Bol Tv. Shoaib Sheikh and 13 other granted bail.

KARACHI ( MEDIA REPORT )
Sindh High Court (SHC) on Monday has accepted bail of Chief Executive Officer of Axact Shoaib Sheikh and 13 others in fake degree scandal case.
According to details, the hearing was conducted in SHC in which the court granted bail to the suspects over surety bond of Rs 5 lac each.
On May 27, 2015, Federal Investigation Agency (FIA) had detained at least 32 employees including the executive body members and CEO during raids in Rawalpindi and Karachi after the New York Times published a story about issuance of millions of fake degrees by Axact.
FIA had also seized the main server, computers and files from the office and demanded the company to provide web hosting records for the past ten years.

The officers had also traced printing press that published fake degrees and included its owner Abdul Rauf in the witnesses list.
58 of Axact degree-holders in Islamabad and Rawalpindi were identified while responses from more than 4500 foreign degree-holders were also been received.

After Axact, Bol TV was also banned due to accusations regarding illegal purchase of equipments in the channel. It was said that the equipments installed at the seventh and ninth floor of company’s office were been bought illegally.