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Thursday March 28, 2024

NYT story’s central figure fears for life

Axact scam

By our correspondents
May 22, 2015
ISLAMABAD: Axact’s former quality insurance editor and New York Times (NYT) story’s central character Yasir Jamshed said that he had to flee to United Arab Emirates (UAE) as he was getting life threats for exposing fake degrees business.
He expressed these views while talking to the Gulf News.Declan Walsh, Pakistan Bureau Chief for NYT presented a former employee of Axact, Jamshed, as the central figure in his story.
Jamshed said that he wanted to help the people victimised by Axact in fraudulent degrees. He revealed that sales agents used to talk to the customers as professors. The former employee said that he was getting life threats for exposing the company.
He said that he had knowledge about Axact’s accounts in Dubai and was willing to provide information about the people who worked for the company in Dubai. He said that the company had a total of at least 0.6 million shares out of which 99.99 percent shares were owned by Axact FC LLC. Axact chief executive officer (CEO) Shoaib Ahmed Shaikh and his wife owned one share each.