An additional district and sessions court on Saturday adjourned hearing of the fake degrees and money laundering cases against Axact CEO Shoaib Shaikh till April 24.
Additional District and Sessions Judge (South) Saira Junejo, hearing the cases against the multi-million dollar scam, referred the money laundering case against the primary suspect Shoaib Shaikh and others to a sessions judge, and adjourned hearing till April 24.
During the hearing, Shoaib Shaikh’s lawyer asked for more time in the fake degrees case. The court observed that it will look at the fake degrees case in light of the law.
Others accused – Zeeshan Anwar, Zeeshan Ahmed and Ali Ghaffar – were also present in the court. Shoaib Shaikh marked his attendance in the court and left.
The Axact scandal surfaced in May 2015, when The New York Times published a report which claimed the company sold fake diplomas and degrees online through hundreds of fictitious schools, making “tens of millions of dollars annually”.
Hearings in around 30 different cases of arrest and bails of accused Shoaib Shaikh are being conducted in lower courts, Islamabad High Court, Sindh High Court and the Supreme Court.
The noose tightened around the Axact CEO with the initiation of another money laundering case, involving billions of rupees, by the State Bank Circle, Karachi last month.