Know the REAL STORY behind the Axact and BOL Saga With Real Facts, Recent Updates & Supporting Evidences
Truth Center

Welcome to the Axact & BOL Truth Center. Get all the information regarding the false case against Axact right here in this section. Access all the relevant content about the case and download annexures and photographs from Downloads section to use in your stories for Editorial publications.

Victimization of Axact, Pakistan’s Leading IT Company, & the Bol Media Group

The owners and management of Axact -- Pakistan’s biggest IT Company -- and the Bol Media Group remain the target of an unprecedented victimization drive for more than a year by various government agencies that deprived nearly 8,000 people, including top professionals and IT experts, of their livelihood.

About Axact
About Our Leadership
History of Fabrication
From the very first day of announcement of BOL, certain elements have started campaigning against Axact and BOL. The GEO/Jang group and another Media Group being direct competitors of BOL (initiated by Axact) have started a defamation campaign and other criminal pursuits since last 2 years accusing BOL of belonging to multiple groups, sometimes establishment, sometimes a real estate tycoon and sometimes other controversial personalities and were coining all kind of conspiracy theories

BOL has addressed this in the past and the following link on its website gives details of these defamation and other criminal activities and how Axact and BOL have addressed these legally.
Bone of Contention
Axact aimed to bring a media revolution in Pakistan through BOL, a positive and pro-Pakistan media outlet that not only aimed at breaking the air of negativity and despair that has been promoting negativity and hopelessness in Pakistan but also setting new standards of employee care and benefits in the media industry.

This very proclamation of a positive change in the media industry by BOL served as a threat to the thugs in the Pakistani media industry who enjoyed the game of media manipulation and distortion for their personal gains while providing their employees with minimal wages and deplorable working conditions. They feared that existence of BOL will result in abolishment of their prevalent culture of yellow journalism and deprivation of employees, hence they joined forces to bring down Axact and BOL group for their gain at the expense of putting livelihood of thousands of Axactians and BOLwalas in jeopardy.
Speech on "Freedom
from Media Terrorism"
Mr. Shoaib Ahmed Shaikh, Chairman & CEO of Axact and BOL Media Group, made a historic speech giving a strong message to the 'Seth' in an earnest tone, “If you are bent upon stealing from BOL, steal our dreams & ambitions for Pakistan so that we become the great nation we are meant to be!”.

Mr Shoaib called out the “seth” after their failed attempts of slander towards BOL and its leadership including the publication of false stories and claims regarding BOL’s ownership, agenda and its leadership as well as attempt at infiltration within the organization for the purpose of data theft to hamper BOL’s progress.
The speech proved to be a red flag for the scheming minds of the media rivals which resulted in the planning and execution of the biggest corporate conspiracy of our times against Axact and BOL media group
Quick Injustice
In Pakistan’s entire history, never before any vibrant and socially responsible IT Company and an independent media group have been punished without following any judicial process.

Axact has been forcibly shut by the Federal Investigation Agency (FIA) without any trial or conviction.

A fabricated, malicious and false report published by a known anti-Pakistan reporter, Declan Walsh, served as the only basis of the crackdown.

The FIA has no legal grounds for the kind of extreme measures and witch-hunt it initiated against Axact, its owners, top management and more than 5,000 employees.

Similarly, authorities have also initiated a series of hostile actions to prevent the Bol Media Group from launching Pakistan’s biggest and most modern news channel. The stifling of Bol deprived more than 2,000 media workers of their jobs.
Quick Injustice Served
The following discriminatory actions were taken within a few days of the publication of the NYT report

Within 3 - 4 days:
Ministry of Information Technology suspended Axact’s call center license. Axact’s software registration was suspended - again without a charge-sheet or telling the “crime” the action was based upon, let alone establishing the authenticity of the allegations.

Within 6 to 7 days:
The FBR issued demand notices undermining the fact that it conducted four audits of Axact in recent years, all of which were duly cleared. Moreover, Axact on an average paid Rs.50 million monthly just as withholding tax.
Within the next few days,
Customs Dept. raided the premises of Bol Media Group, demanding receipts of its equipment despite the fact that all our records have been seized by the FIA.

Later, PEMRA suspended licenses of Bol News and Bol Entertainment illegally and in violation of the High Court orders, which bar the regulator from any such move.

SINCE 18th MAY 2015:
The FIA illegally seized Axact offices & froze its bank accounts in May, 2015 on the unproven charges made by Declan Walsh in a US-publication, The New York Times. The malicious report alleged that Axact operated a racket of fake degrees. Delan Walsh did this report while sitting abroad. The reason; he cannot enter Pakistan because he has been black-listed and declared “persona non grata” by the Interior Ministry. He was expelled from Pakistan in May 2013 because of his “undesirable” activities and false journalism. Walsh is known for his biased, anti-Pakistan views and fake stories aimed to undermine Pakistan’s key institutions and its nuclear programme.

Walsh’s malicious, fabricated & defamatory report -- already denied by Axact -- was made viral on the social & Pakistan’s traditional media within a couple of hours of publication. The government moved with an unprecedented haste -- as on cue -- to closedown Axact without any judicial process. The NYT, known for maligning Pakistan, its institutions and businesses, was taken as a sacred scripture to stifle our operations.

The FIA closed Axact’s Islamabad offices within 12 hours of the publication of NYT report, which fails to give even one credible named source or evidence.

Within 48 hours of the NYT report, Axact’s head offices in Karachi were seized and occupied by the FIA.

Company’s entire records, computers, servers, printers, valuables and even belongings of the staff remain under the FIA possession to-date in violation of the court orders.

By May 26 Axact’s bank accounts were frozen and its management, including Chairman Shoaib Ahmed Shaikh was arrested without any formal charges.

Since then, the FIA & its lawyers are dragging the case at the behest of their political bosses & a media tycoon, who want to block the launch of Bol by targeting Axact.

The 14 Axactians, arrested in Karachi in May on false charges, have been languishing in prison for more than a year. They are among the country’s top professionals, yet are being treated unjustly.

All these highly qualified, educated professionals -- some of them gold-medalists and position holders from top universities of Pakistan -- have been kept in the “C” category of the prison. All these accused are high taxpayers & yet being treated shabbily. In the same prison, known terrorists and killers are being kept in “A” Class.

The FIA continues to occupy Axact offices in Karachi & Islamabad. Its officials have removed not just our entire records, servers and computers, but most other electronic gadgets, including flat-screen television sets, dozens of new-brand, high-end mobile telephones, valuables, including personal belongings of the staff.

Apart from the FIA, other government departments and ministries also moved against Axact & the Bol Media Group without any inquiry, trial or conviction. The following discriminatory actions were taken within a week of the publication of the NYT report.
  • Within three to four days of the publication of the false report, the Information Technology Ministry suspended Axact’s call center license. Why? On what ground?
  • Within three to four days, Axact’s software registration was suspended – again without a charge-sheet or telling us our “crime,” let alone establishing the authenticity of the allegations.
  • Within six to seven days, the FBR issued us demand notices without taking into account the fact that it conducted four audits of Axact in recent years. All these were duly cleared. Moreover, Axact on an average paid Rs.50 million monthly just as withholding tax.
  • The PEMRA suspended licenses of Bol News and Bol Entertainment illegally and in violation of the High Court orders, which bar the regulator from any such move.
  • Within the next few days, the Customs Department launched an unparalleled victimizing campaign of the Bol Media Group, demanding receipts of its equipment despite the fact that all our records have been seized by the FIA.
All these steps were taken while the Axact and Bol Media Group’s founder and CEO Shoaib Ahmed Shaikh remains in prison. The FIA is dragging cases against them. FIA’s delaying tactics manifest from the fact that it delayed even the filing of the formal challan for weeks. On most hearings, FIA’s private lawyers are either absent or appeal for a new date.

FIA’s intentions are malafied. In one FIR, it accuses Axact owners of bringing in foreign exchange (all through the legal banking channels) by selling the alleged fake degrees, while another recent FIR accused them of transferring Rs170 million abroad through a money changer. This is perhaps the most bizarre allegation, exposing the contradiction in the fake cases registered against Axact owners. Officially export-oriented businesses are allowed to repatriate one-third of foreign exchange earnings. It makes no sense for Axact owners – who used to bring millions of dollars worth foreign exchange in the country every month – to transfer any amount abroad through a money changer.

The FIA lodged separate FIRs in Karachi and Islamabad under the same charges. This is unheard of and exposes the prejudice of FIA bosses.
The inclusion of the names of women of the family in FIRs is the most shameful act of harassment given the fact that they have nothing to do with operations of Axact. This underlines the personalized-nature of vendetta and victimization.

Axact staff is also being harassed, threatened and even manhandled by the FIA both in Karachi and Islamabad.

FIA Islamabad illegally confiscated Axact’s more than a dozen vehicles in violation of the court orders. These vehicles are in the personal use of FIA officials. Can we ask them under which law?
Read the event by event account of this saga of the “quick injustice” served out to Axact & Bol
The Bogus Case
A bogus case has been framed against Axact on a false newspaper report. Clouded by the unwarranted media trial, a witch hunt prevailed against Axact and Axactians on absolutely baseless claims. The following facts speak for themselves;
  • To-date no university, or educational institution claimed that Axact printed its fake degrees.
  • To-date no person came forward to claim that Axact sold a fake degree to him/her.
  • To-date FIA hasn’t presented any evidence in the court. 
  • To-date no Pakistani law says that providing back-end educational services or virtual education by an IT Company to its clients is a crime.
Trauma that followed
All these steps were taken while the Axact and Bol Media Group’s founder and CEO Shoaib Ahmed Shaikh and Co-founder remains in prison. The FIA is dragging cases against them.

FIA’s delaying tactics manifest from the fact that it delayed even the filing of the formal challan for weeks. On most hearings, FIA’s private lawyers are either absent or appeal for a new date.

The FIA lodged separate FIRs in Karachi and Islamabad under the same charges. This is unheard of and exposes the prejudice of FIA bosses.

Axact staff is also being harassed, threatened and even manhandled by the FIA both in Karachi and Islamabad.
FIA Islamabad illegally confiscated Axact’s more than a dozen vehicles in violation of the court orders. These vehicles are in the personal use of FIA officials

The illegal closure of Axact is a blow for Pakistan’s IT sector. Axact’s IT business was 65 percent of Pakistan’s total IT exports. All these earnings were brought here through banking channels.The IT business handled by Axact has moved to India due to the forced closure of the Company.
Ironclad Leadership
Mr. Shoaib Ahmed Shaikh, CEO and Chairman of Axact and BOL Media Group was arrested without any formal charges on 26 May 2015 and have since been unduly held in custody along with other senior Axactians.

The leadership of Axact and BOL Media Group have been steadfast in their aim to get justice not only for themselves but the thousands of Axactians and BOLwalas that have suffered the worst situation in the form of an unnecessary public trial by the biased media houses only for being a part of organization that aimed to foster the same level of employment facilities in the industry that they had been provided with, along with facing financial constraints due to undue seizure of Axact ‘s company accounts resulting in no provision of salaries and benefits since May 2015.
The Leadership remains determinded to get justice for Axact, BOL and thousands of employees and their loved ones who have suffered immensly due to this preposterously destructive campaign against them and aim to bring the truth behind the blatantly malicious propaganda agianst Axact and BOL to the front.
The Second (Unsuccessful) Strike for Smokescreen
On 10 April 2016, The New York Times carried another bogus and biased story targeting Axact in an attempt to tarnish the image of the owners of the IT Company and Pakistan’s key institutions. Like the May 2015 story, the NYT carried another pack of lies against Axact, its owners and tried to give an impression that the company has been backed by the Pakistan Army. Moreover, the biggest lie in the latest report is its allegation that the case against Axact is not been heard in the court because of the pressure from the company; while it remains to be a known fact that the delay in the hearing of the Axact case is being done under the pressure of the government and the FIA, which illegally closed down a vibrant company without trial and conviction, depriving more than 5,000 people of their jobs.
The propaganda story written by NYT reporter Declan Walsh -- expelled from Pakistan in 2013 for his false and unethical journalism – has appeared at a time when Pakistan Muslim League (N) government has been shaken by the “Panama Leaks” scandal, involving Prime Minister Nawaz Sharif, his two sons and a daughter. Sharif’s lackey media and foreign sponsors are trying to divert the attention from this mega-scandal and the NYT story also appears an attempt in this regard.
The Continuation of Unethical Yellow Journalism
Declan Walsh, the reporter notorious for spinning stories against Pro-Pakistani entities, tried to create an impression that the bank accounts of the US companies associated with Axact CEO Shoaib Ahmed Shaikh have been blocked or are under investigations, what he failed to report was:

a) The US companies associated with Axact once faced a civil case, which had no connection whatsoever, with the ongoing investigation being done by the FIA in Pakistan.

b) The US court, in its final order, cleared these company of all the charges of doing any wrong or involvement in any illegal activity.

With a conniving evasion of these crucial facts, Walsh has once again shown his affinity for basing his baseless reports on speculations and lies rather than actual facts. Additionally, the name of Axact’s CEO’s sister was brought in accusing her of transferring millions of dollars while in reality she has nothing to do with the companies directly or indirectly.

The US-publication, undermining the basic journalistic ethics, did not contacted the family of the accused or any of the officials of the Axact or the Bol Media Group management. It only carried Axact’s lawyer’s brief comment without taking his views on any of the specific allegations.
Conspirators Uncovered
On 11 April 2016, Interior Minister Chaudhry Nisar Ali Khan admitted that he ordered the FIA to move against Axact over an appeal of some powerful media owners running Pakistan Broadcasting Association (PBA), exposing the entire conspiracy against the IT Company aimed at stifling the Bol Group. The timing of this new piece of speculation by NYT couldn’t be more suspicious to be a diversion with all attention at the time of its publication being directed towards the Panama Leaks exposing the ruling family’s corruption. The Opposition leaders have also questioned the swift closure of Axact & BOL Media group on a single story while in The organized propaganda against Axact and Bol, in which the NYT serves as the lynchpin, is being carried out with the only purpose to contrast, the authorities remain mum towards the accused in Panama leaks.prevent the re-launch of the conglomerate consisting of both the IT and the Media companies.
QUESTIONS THAT ARISE!
Is it permissible under the law to shut down a business based on just allegations? 
Is it lawful to resort to media trial & punish Axact & its employees without a trial?
Appeal to the Authorities
We demand the Honorable Judiciary, Government of Pakistan and other relevant authorities that:

Bol Media Group should be allowed to launch news and entertainment channels and the artificial hurdles created by PEMRA and other government authorities be removed.

The two separate FIRs registered against Axact in Karachi and Islamabad separately should be clubbed and case be heard in Karachi, where Axact head quarters are located.

Names of the women members of the family should be removed from FIRs as they have nothing to do with Axact operations.

The Axact offices, its vehicles, and other equipment under the illegal possession of the FIA should be returned to owners.

Axact be allowed to resume its business.

The Axact management/owners should be allowed to operate their bank accounts so that they can pay salaries and dues of their staff, clear liabilities and operate their business.

Action against FIA officials, who misused power, violated the law and brought misery in the lives of thousands of employees and their families.

Accountability of FIA officials for the loot and plunder they did at Axact offices.

Free and fair treatment and trial that should also expose the people involved in the conspiracy aimed at stifling Axact & Bol.

Compensation from the government and its agencies for all the valuables and business lost.
Appeal to the Nation
We demand a free and fair trial that should not only provide justice to Axact and Axactians by allowing us to resume
business but should aslo expose the people involved in conspiracy aimed at stifling Axact and BOL

Axact urges the nation to look beyond the malicious propaganda and weigh in the facts in the light of information
presented here and dare to stand against the tyrants that put the livelihood of thousands of Axactians and BOLwalas
into the shadows of deprivation and hopelessness.
Raise your voice to support us on social media.
Follow us on Facebook at www.facebook.com/Axactians & www.facebook.com/Bolnetwork
and on Twitter at www.twitter.com/axacttweets & www.twitter.com/Bolnetwork
IN THE MEDIA
View latest press releases and video.

DOWNLOADS
Download annexure and photographs from Downloads section to use in your stories for Editorial publications.

Call Us (021) 33-111-265 (BOL) * * *

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