Shoaib Shaikh, CEO Axact Company and 22 others get 7-year jail in fake degrees case

Islamabad: A district and session court in Federal Capital has sentenced Shoaib Shaikh, Axact’s Chief Executive Officer (CEO) and 22 others to seven years in prison in fake degree case.

Shoaib Shaikh and the aforementioned others will have to serve three years each under Sections 419 and 420 of Pakistan Penal Code. They were also imposed a fine of Rs0.3 million each. The accused were also sentenced to seven years each under sections 468 and 471, and fined Rs1 million each.

While three other accused, including Ayesha Shoaib Shaikh, were acquitted by the court in the case.

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