Axact/BOL’s CEO Shoaib Shaikh Sentenced

axact bol shoaib shaikh

ISLAMABAD: Shoaib Shaikh along with 23 others has been sentenced, seven years in jail by a district and sessions court.
The sentence was announced regarding the famed Axact Fake degree case by the District & Sessions Judge Chaudhary Mumtaz Hussain on Thursday after the hearing was concluded.
The septet received a sentence of 3 years each under the provisions of sections 419 & 420, Pakistan Penal Code with a fine of 0.3 million each.
In addition, they were also sentenced under sections 468 & 471 for seven years each with a fine of one million each. All penalties applied together.
Whereas three accused were acquitted including Ayesha Shoaib Shaikh.
Earlier the Islamabad High Court had declared the acquittal of the accused by the trial court judge. Additional District and sessions judge Pervaiz ul Qadir Memon had admitted receiving RS five million for acquitting Shoaib Sheikh in the case.
The Supreme Court of Pakistan took suo motu notice of the Axact scandal in Feb 2018, ordering the Islamabad and Sindh High courts to wrap the appeals against the acquittal of the accused.
Islamabad High Court had then declared the acquittal null and void ordering the Sessions court to re-listen to the arguments and announce a verdict in the case.
In May 2016 The New York Times published an article exposing the scandal which used fake educational institutions to issue fake degrees while charging hefty amounts.
After the exposure by the New York Times the offices were raided by FIA, sealed and the CEO and others arrested.


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