Summary He said Axact has thousands, not hundreds of university 'clients'
ISLAMABAD (Dunya News) – Axact CEO Shoaib Sheikh on Wednesday denied allegations leveled against his company by New York Times, saying that Axact only provides back office services to universities and educational institutions across the world.
Talking exclusively to Dunya News’ show Siasat Hai Ya Saazish with Moeed Pirzada, Shaikh said that the back office services entail providing phone support and chat services to clients abroad.
He insisted universities his company provides services to are legitimate and outsource business operations to his company.
“We have partners, associates and clients in the education sector, it’s true”, he said. “We have thousands, not hundreds of clients that use our back office service and platform”.
Responding to a question, Shaikh said that his company’s services are akin to manufacturers of cricket bat, saying that the manufacturer will not be responsible if the bat is used to murder someone.
Axact CEO said that his company paid a little amount of tax because of ‘tax exemption’ by Pakistani authorities on IT related exports.
Talking about the forged degrees and documents recovered during raids in their offices, Shaikh said that several American banks have outsourced their operations in India and if their partner back office in India prints a cheque book then “will that also be considered a forged cheque book?”
He said 99.99% shares of Axact are owned by Axact LLC registered in Middle East and that it is also owned by him, his wife and a partner.
Shaikh insisted he is being targeted for his ‘patriotic’ intentions to launch a TV network. He said he has already sent four notices to New York Times, adding that the legal action against Times will be pursued in any case.
