



Axact’s media venture named Bol is set to launch a news
channel, featuring leading TV anchors and journalists lured from previous
employers by high salaries, heightening interest in the story.
- The NYT article cited clients from the US, Britain and the United Arab Emirates who had paid sums ranging from thousands to hundreds of thousands of dollars for their degrees — with some believing the universities were real and they would soon receive coursework.
- The “university” websites mainly route their traffic through servers run by companies registered in Cyprus and Latvia, and employees would plant fictitious reports about Axact universities on CNN iReport, a website for citizen journalism.
- Axact and its CEO, Shoaib Ahmad Shaikh, did not respond to requests from AFP for comment on Monday or Tuesday.

The message did not directly address the allegations but
accused domestic media rivals of colluding with the US newspaper to plant a
slanderous story in order to harm its business interests.
According to an FIA official who did not wish to be named,
the allegations raised by the newspaper would be a crime under
Pakistan’s Electronic Transaction
Ordinance, punishable by 7 years
in prison.
Pakistan’s Electronic Transaction
Ordinance, punishable by 7 years
in prison.
Source: – AFP
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