Waseem Badami left ARY and joined Bol as their executive vice president and senior anchor person, is now back on ARY.
Bol has extended high profile designation in it network to many.
Well known actor Nabeel has joind Bol as President and CEO of Bol Entertainment
Pakistan’s well know film actress Meera is said to be appointed as President and Senior Role Model in Bol Media Group.
Kamran Khan has been declared as the President and Editor in Chief of the Bol Group.
Pakistan’s Axact and Bol are FRAUD Reports The New York Times
Axact websites are glossy, assuring and offering online degrees in dozens of disciplines, like nursing and civil engineering. Thats not all, for someone seeking information on Axcat, will infact find endorsements on the CNN iReport website, enthusiastic video testimonials, and State Department authentication certificates bearing the signature of Secretary of State John Kerry. Unfortunately what no one knows and finds out is that the news reports are fabricated. The professors are paid actors. The university campuses exist only as stock photos on computer servers. The degrees have no true accreditation.
NYTimes reports: Axact makes tens of millions of dollars annually by offering diplomas and degrees online through hundreds of fictitious schools. Fake accreditation bodies and testimonials lend the schools an air of credibility. But when customers call, they are talking to Axact sales clerks in Karachi. That company, Axact, operates from the port city of Karachi, where it employs over 2,000 people and calls itself Pakistan’s largest software exporter, with Silicon Valley-style employee perks like a swimming pool and yacht.
NYTimes further reports: Revenues, estimated by former employees and fraud experts at several million dollars per month, are cycled through a network of offshore companies. All the while, Axact’s role as the owner of this fake education empire remains obscured by proxy Internet services, combative legal tactics and a chronic lack of regulation in Pakistan.
Axact’s founder and chief executive, Shoaib Ahmed Shaikh claims to donate 65 percent of Axact’s revenues to charity, and last year announced plans for a program to educate 10 million Pakistani children by 2019. More immediately, he is working to become Pakistan’s most influential media mogul. For almost two years now, Axact has been building a broadcast studio and aggressively recruiting prominent journalists for Bol, a television and newspaper group scheduled to start this year.
Allen Ezell, a retired F.B.I. agent and author of a book on diploma mills who has been investigating Axact said “Hands down, this is probably the largest operation we’ve ever seen; It’s a breathtaking scam.”
Axact employees often follow up aggressively with previous customers, pushing them to buy more. Some pose as American officials, badgering clients to spend thousands of dollars on State Department authentication letters. Payments are funneled through offshore firms.
When reporters for The Times contacted 12 Axact-run education websites on Friday, asking about their relationship to Axact and the Karachi office, sales representatives variously claimed to be based in the United States, denied any connection to Axact or hung up immediately.
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