Pakistani Tech Firm Raided by Police over Fake Degrees SaleAdded: Friday, May 29th, 2015
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Police raided a tech firm naming itself a Pakistani business success story. The local law enforcement authorities investigated allegations that the firm was engaged in the industrial-scale sale of fake degrees from non-existent educational institutions.
Pakistan’s police swooped on offices that belong to Axact, naming itself the “world’s leading IT company”, in three cities. In result of the raids, computer equipment was seized and staff was held for questioning. Media reports allege that Axact makes millions of dollars from selling bogus degrees. Indeed, the firm was accused of operating hundreds of websites that purport to belong to educational institutions with prestigious-resembling names, like the universities of “Barkley” and “Columbiana”. Videos on the websites involved actors playing the parts of academics and students. In short words, Axact extorted thousands of dollars from potential customers for worthless accreditation.
If this appears true, the scandal may not just bring down the high-profile company, but also a major new media conglomerate named Bol, which was ready to launch by Axact’s owners who hired Pakistan’s famous journalists. The company denied the allegations and claimed that all media reports are baseless, defamatory, and based on false accusations. Axact explained that it was a plot by its media rivals and unnamed individuals within the Pakistani state.
In the meantime, Axact founder is known for his ambitions to become richer than Bill Gates and efforts to help develop Pakistan by claiming that education and healthcare will be made “accessible to all by the year 2019”.
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Friday, May 29th, 2015No comments
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