KARACHI: A sessions court allowed the Federal Investigation Agency (FIA) on Friday to examine the bank accounts of a software company accused of being involved in a fake degrees scam.

An assistant director of FIA corporate circle moved an application under Section 94 (summons to produce document or other thing) of the Criminal Procedure Code and submitted that the FIA was investigating the allegations against Axact for selling fake diplomas and degrees.

Also read: FIA raids Axact offices, takes records and employees into custody

The applicant said the company and its directors had around 35 accounts in difference banks and contended that the accounts were opened on the basis of forged documents and might have been used for illegal transactions.

He urged the court to let the FIA examine the company’s bank accounts. The district and sessions judge (south), Ahmed Saba, allowed the investigating agency to access the accounts for scrutiny under the Bankers’ Books Evidence Act, 1897.

Interior Minister Chaudhry Nisar Ali Khan had ordered probe against the company after The New York 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”.

Published in Dawn, May 23rd, 2015

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