FIA to examine Axact bank accounts
KARACHI:A Session court allowed the Faderal Investigation Agency to examine the bank accounts of sofftware company accused of being involved in fake degree scam.
An Assistant Director of Faderal investigation Agency (FIA) corporate circle moved an application under section 94 of the criminal procedure code and submit that the FIA was investigating the allegation against AXact for selling the fake diplomas an degree.
The applicant said the company and its director had around 35 accounts in different banks and contended that the accounts were opened on the basis of forged documents and might have used for illegal transaction.
He urged the court to let the FIA examine the company banks accounts.
The district and sessions judge Ahmad saba allowed the Faderal investigation Agency (FIA) to access the Banks accounts scrutiny under the Bankers’ Books Evidence Act, 1897.
Interior Minister Chaudhry Nisar Ali Khan had ordered probe against company after NewYork Times published a report against it for allegedly selling fake diplomas and degrees online through “hundreds of fictitious schools” and making “tens of millions of dollars annually”.
