Pakistan arrests owner of 'fake degree factory'

Pakistani investigators yesterday arrested the head of software house Axact, Shoaib Ahmed Shaikh, accused of running a global fake degree empire and conducted fresh raids at the company's Karachi headquarters where they discovered thousands of blank diplomas. Pakistan began investigating Axact after it was accused by the New York Times earlier this month of running a network of websites for phoney universities as part of an elaborate scheme that generated tens of millions of dollars annually.