ISLAMABAD: Federal Investigation Agency (FIA) has found scandal-hit IT company Axact involved in money laundering.
Sources said that the investigation agency accused the company of money laundering after a thorough investigation of the case and also found the company has been laundering up to Rs6 billion annually through its inland and offshore bank accounts. They said that after probe, it was revealed that Axact collected Rs30 billion in five years through money-laundering.
The FIA initiated investigations against the company after the New York Times published an expose on a fake diploma mills operation run by Axact.
