Former employee makes Axact ‘secret transactions’ public
KARACHI: Sayyad Yasir Jamshaid, a former quality control official at Axact on Tuesday uploaded mobile phone videos of Axact’s secret financial transactions and communication history with clients at his Facebook page in the fake degree scam.
The Pakistani IT company, which the New York Times claims reaps in millions of dollars by selling fake academic degrees online, is being probed by
By GEO ENGLISH
May 19, 2015
KARACHI: Sayyad Yasir Jamshaid, a former quality control official at Axact on Tuesday uploaded mobile phone videos of Axact’s secret financial transactions and communication history with clients at his Facebook page in the fake degree scam.
The Pakistani IT company, which the New York Times claims reaps in millions of dollars by selling fake academic degrees online, is being probed by the federal investigators.
In raids conducted at the company’s offices across the country, the FIA arrested at least 28 employees in Rawalpindi and confiscated vital computer data from other offices earlier in the day.
Following the claims made in the NYT, Interior Minister Chaudhry Nisar had ordered a probe into the allegations to find out if Axact, which claims to be Pakistan’s largest software exporter, is involved in illegal activities.
The short videos uploaded by Jamshaid today, apparently filmed through a mobile phone, shows glimpses of financial transactions of various clients and the company’s communication history with them.
One video shows Belford University, which had been indicted by an American federal Judge for issuing fake degrees.
The former Axact employee has also uploaded videos allegedly showing credit card information and amount spent on buying fake degrees and diplomas.
