[AXACT] Fake Diplomas, Real Cash: Pakistani Company Axact Reaps Millions

StrikerX

Moderator
Moderator
Apr 6, 2009
6,636
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Islamabad
Everyone knew about what Axact was doing. No one had the courage to say anything because of Axact's super scary legal responses to whoever tried to cover their story. They even sued some big shot British newspaper (probably Guardian) back in late 2000s and the newspaper had to retract their story. Same happened with Forbes yesterday. They were probably served a notice and they took the story down. Its like the worst kept secret of Pakistan's IT industry.

Now the question arises is why the sudden stories and action against Axact out of the blue? Obviously, there are greater forces at work. Some say Bol's major investors (apart from Axact), which are reportedly Malik Riaz and some PPP politicians along with some media personalities, used Axact's resources to setup a channel and now before the channel is launched, they want to get rid of Axact and Sheikh saab since Axact is doing some really shaddy business and they wont want to associate the channel to a shaddy company if the story ever came out in future. So if these investors are playing their cards right, they'll get rid of Axact and will create quite a lot of hype for Bol.

Another theory is that all of this happened due to foreign pressure; probably US government and FBI since there are some reports that FBI has been investigating Axact for over 10 years now. And on top of everything else, Axact was forging signatures of some high-up US officials.

There are several other theories as well but these are the two most believable ones.

Now, the next question is what will happen with Axact and Sheikh saab and Bol. The degrees Axact was selling are actually not fake, they are legit. They were issuing degrees on the basis of prior learning. Check this: Recognition of prior learning - Wikipedia, the free encyclopedia
Its all legit. So there goes the main allegation out of the window and FIA just lost more than half of their case. They'll probably peruse the charges of forging signatures of US officials (which is also pretty serious), money laundering and tax evasion. These charges are also pretty major but as soon the main charge (fake degrees) wont hold, the case wont really stick. Axact already seems to have a badass legal team so it wont hurt them even if the investigation/case goes on for decades. So Axact will probably live on.

As far as Bol is concerned, it'll be launched. The top management might change but people will forget who is behind Bol as soon as they'll start seeing their favourite anchors 24/7.
Kalay coat wala AFQ? :crazy:
 

KDKHAN

Seasoned
Dec 21, 2010
4,501
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Islamabad
I have very important info / clues but unable to login using my PC Bcoz of something wrong with PG while info is lengthy.

Just want to tell you guys this is 2nd major attack of CIA and its aids on Pakistan and its institutions after midnight raid in OBL's case.


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Pleasant

Expert
Jul 19, 2008
15,304
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Dubai, UAE
LOL. @Chandoo's silence on this matter speaks volume :p

This story shocked me to the core. Never had I thought to see such a large scale shady scheme from Pakistan.

P.S I also reckon a guy was showing videos of Axact accounts and what not on Facebook. He was also a former Axact empolyee and if his videos were legit, he definitely got some balls to do so.
Where is it provide the link ?

- - - Updated - - -

I have very important info / clues but unable to login using my PC Bcoz of something wrong with PG while info is lengthy.

Just want to tell you guys this is 2nd major attack of CIA and its aids on Pakistan and its institutions after midnight raid in OBL's case.


Sent from iPhone 6 Plus using Tapatalk
what does it have to do with OBL if cia is involving they must have got reported for fake degrees consecutively as ppl from there country having those degree One can SEARCH ON LINKEDIN and who got degrees from there
 

BumperJumper

#VitaBros
Jul 27, 2010
11,985
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Where is it provide the link ?
It was his own personal profile on Facebook and saw it shared on some Pakistani group.

Unfortunately I don't have the link now so can't share anything. But he was considered a whistleblower.
 

crazyhassan

Active member
May 17, 2014
423
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rawalpindi
Why are you people thinking so much on this topic,
Very simple it is , axact was launching largest media channel BOL but our local media channels could not face the competition so they wanted to end this network (BOL) ,

Now BOL has officially launched , it will be a nightmare of politicians and others , now they will have to face this
 

Game Addi

Well-known member
Jun 14, 2009
1,432
9
43
True that [MENTION=125627]crazyhassan[/MENTION]

I have been in this company the past 2 year and let me tell you one thing i just heard some ppl .. Not even some ppl but majority that we knew what was going on in axact yet 80% of the ppl have applied there for job bhai agaar tumare khayal se company itni hi kharab thi tou apply kyun krte hoon job ke liye waha ????

Secondly these allegations are yet to be proved if you look at the interview given to ary and dunya news yesterday it clearly states that its yet to be prove and these media guys have already proven us guilty lol !!! Just wait and watch whats next bol aega in sab ki bajae ghaa


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cobby

Lord of the First Order
Aug 20, 2007
12,722
1
43
Serenity
Intentions of BOL and Axact owner Shoaib Shaikh might be good , paying handsome salaries good facilities , showing proper image of Pakistan , patriotic channel in form of BOL , recently mr shoaib said standing like a USA president or something with logo of eagle type (maybe that to copied ) saying we are paying so much good money to our employees and BOL and at other channels they dont even have proper restroom , Thing is Mr shaikh weighs every thing in terms of money the whole axactian policy Money is every thing , forgetting that not every one takes journalism cause of money but for passion as well , there are times when journalists are not even paid for months but they stick on the job cause they love it . Not every thing is money but according to every talk of Mr shoaib it seems like only money matters .

and they haven't robbed any one in Pakistan , but it's same like Robin Hood no matter how good he was at the end of the day he used to steal money from the rich folks and give it to the poor , The word steal here is a crime .

Same goes for axact they might con the rich folks of foreign countries and share wealth with employees , but end of the day they are doing con job that is a crime .

Only two dept rumored sign NDA there Sales and Marketing they are the core of their business they are the one who do the con job .
and as my friend who is manager in sales there told me that axact follows a policy cant remember some thing like of either making their competitor quit the business which they are doing or either axact makes them quit by taking away their every client
 

AFQ

Overclocked
Dec 24, 2008
7,661
0
41
31
Lahore
www.maximum-tech.net
They were selling degrees of colleges that dont exist, or are registered, so they were fake.... and they made up fake authorities which had to "approve" said degrees aswell.
Also as you said they
I think this wont blow over this easily. Axact probably will continue to run other business, but I am sure a very very hefty fee would have to be paid and might jeopardize their other "legal" operations.
There is still on information if the universities were registered in some capacity or not but I assumed they were. Considering, Axact's previous legal responses, I am sure they've covered their asses legally.

As far as the fake authorities and forged signatures, that's where things will get serious. And if foreign authorities get involved, their Sheikh saab ki to pakki chutti hai. Either way, Axact is in deep shit but I've feeling that they'll pull themselves out of it. Apart from these fake degrees business, they were doing money laundering, prostitution and they also manage some pr0n websites. And when we are taking about money laundering and prostitution, I am 100% positive that Axact was in business with some influential people in Pakistan (politicians, bureaucrat and businessmen) so there will be a lot of very powerful people defending Axact in some capacity to actually save their asses.

- - - Updated - - -

Kalay coat wala AFQ? :crazy:
When you've watched every episode of Suits and half of your family is lawyer, you know shit! :p
 

extremlycool

Active member
Apr 11, 2011
411
1
23
Karachi, Pakistan
True that @crazyhassan

I have been in this company the past 2 year and let me tell you one thing i just heard some ppl .. Not even some ppl but majority that we knew what was going on in axact yet 80% of the ppl have applied there for job bhai agaar tumare khayal se company itni hi kharab thi tou apply kyun krte hoon job ke liye waha ????

Secondly these allegations are yet to be proved if you look at the interview given to ary and dunya news yesterday it clearly states that its yet to be prove and these media guys have already proven us guilty lol !!! Just wait and watch whats next bol aega in sab ki bajae ghaa


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Why it is so difficult to name down the customers? Tell us where you are earning from? Instead of bringing the story that all the Media groups are against BOL.
 

Bluff Master

iNF3RNO
Nov 14, 2007
5,599
15
44
we need a whistle blower [MENTION=39471]Blastwave[/MENTION]

- - - Updated - - -

we need a whistle blower [MENTION=39471]Blastwave[/MENTION]
 

Pleasant

Expert
Jul 19, 2008
15,304
13
44
Dubai, UAE
True that [MENTION=125627]crazyhassan[/MENTION]

I have been in this company the past 2 year and let me tell you one thing i just heard some ppl .. Not even some ppl but majority that we knew what was going on in axact yet 80% of the ppl have applied there for job bhai agaar tumare khayal se company itni hi kharab thi tou apply kyun krte hoon job ke liye waha ????

Secondly these allegations are yet to be proved if you look at the interview given to ary and dunya news yesterday it clearly states that its yet to be prove and these media guys have already proven us guilty lol !!! Just wait and watch whats next bol aega in sab ki bajae ghaa


Sent from my iPhone 6 using Tapatalk
well the thing is that money attracts who doesnt like perks and it was only rumors about there work it never came out
so things were 50 / 50 until today the thing came on news
 

Game Addi

Well-known member
Jun 14, 2009
1,432
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It still is yet to be proven my friend not proved yet


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Ottoman

Senior
Sep 15, 2008
8,589
3
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Wow Chhowni
True that @crazyhassan

I have been in this company the past 2 year and let me tell you one thing i just heard some ppl .. Not even some ppl but majority that we knew what was going on in axact yet 80% of the ppl have applied there for job bhai agaar tumare khayal se company itni hi kharab thi tou apply kyun krte hoon job ke liye waha ????

Secondly these allegations are yet to be proved if you look at the interview given to ary and dunya news yesterday it clearly states that its yet to be prove and these media guys have already proven us guilty lol !!! Just wait and watch whats next bol aega in sab ki bajae ghaa
Yup. Media has been acting as judge, jury and executioner in this case. They have their vested interests close to heart of course so I'm taking their viewpoints with a grain of salt.

It'll be interesting to see how the investigation fares. New York Times is no beacon of truth.
 
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