AXACT CASE STUDY

Is this the end of Pakistan’s top software company? Dear reader, online ads enable us to deliver the journalism you value. Awaam Harsh judgements are need of the hour. In addition to reparations to the maximum students they conned , let all their assets be at once sold and proceeds distributed among affected students. The harm caused by this case is multifaceted and the questions it raised are multiple. It is a larger question of who He will live like a prince by paying pretty costs.

And only Rs 1. Retrieved 23 May According to the petitioner, during an on-the-spot interview, the IT company’s regional head Col retd Jameel Ahmad, Lt Col retd Muhammad Younas and other officials could not provide a plausible justification regarding their online fast-track prior learning assessment PLA education operation. Nawaz Sharif, Zardari etc.. Sheikh was arrested 82 days after being convicted. All the suspect certificates were found to be from Axact. Punishment to culprits is a very small part of the tarnished image of Pakistan as a nation.

In short, the chief justice has no shortage of material to refer to in order to understand the reality of the case.

It shocked the world as it was offering online certificate courses to degree programs from international universities that actually never existed. He had pleaded guilty on April 6, to conspiracy to commit wire fraud.

From United States of America to Europe and other countries of the world, it enrolled students in various programs and awarded them fake certificates and degrees against thousands of US dollars.

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Axact case, again – Newspaper –

Most of Axact’s revenues from its fake diploma sales came from the United Arab Emirateswhere hundreds of residents used Axact diplomas to obtain high-paying jobs. Would Axact and its employees be compensated for the losses this litigation incurred to them?

The New York Times. Government records show that it paid an income tax of approximately Rs. It also threatened several news organizations and bloggers reporting on the issue with lawsuits.

Dear reader, online ads enable us to deliver the journalism you value. Axact was founded by Shoaib Ahmed Shaikhwho serves as its chairman. Archived from the original on 12 June He might also want to talk to the multiple special public prosecutors who quit the case all of a sudden, giving vague reasons for their decision.

axact case study

What happened to Judge who earlier acquitted him of all wrongdoings? This is how it has been in Please do something about our corrupt leaders as well. Axact has denied all the allegations. Articles containing Urdu-language text All articles with unsourced statements Articles with unsourced statements from May Wikipedia articles needing clarification from February Commons category link from Wikidata. The petty fines levied are a slap on the wrist and the two colonels got Scott free- the untouchables as they are.

The Axact case

Syed Zafar Kazmi U. Just 7 years jail term seems lenient when they squandered millions from public.

This page was last edited on 16 Mayat Once, it was selfproclaiming the largest IT services’ exporter from Pakistan. In DecUmair Hamid, 30, the Axact’s Assistant Vice President of International Relations was arrested and charged in a criminal complaint filed in federal court in Manhattan with wire fraudconspiracy to commit wire fraud and aggravated identity theft for his Axact-related activities.

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axact case study

However, since all the sentences will run concurrently, the maximum time each convict would have to spend in jail is seven years. According to Securities and Exchange Commission of Pakistan records, the company was registered in June and had a paid up capital of Rs. The judge should also be put behind bars for stuudy Rs 5 million in bribe. Punishment caxe ok could have been little more harsh and should have taken all their assets and people related to any organisation should not be spared at all.

Retrieved May 26, Canadian Broadcasting Corporation, September 15, What is want of evidence for three other defendants?

axact case study

The head that wears the crown. SBP warns of higher inflation next fiscal year. Since they did not turn up for the announcement of the verdict, the court cancelled their bails and issued non-bailable perpetual arrest warrants against them. Besides bringing a bad name axavt the country.