Shoaib Ahmed Shaikh also known as SAS is a Pakistani businessman and convicted felon
He also founded diploma mill company Axact
Following the publication of the New York Times article, Pakistan's Interior Minister directed the country's Federal Investigation Agency to begin inquiry into whether the company was involved in any legal business. Following the interior minister's order, cyber crime team of FIA raided
Axact’s office in Karachi and Islamabad and seized computers, recorded statements of employees as well taking into custody 25 employees of the company and 28 employees from Rawalpindi office. The FIA team found and seized several blank degrees as well as fake letterhead of the US State Department. The investigation was transferred from the FIA's cyber crime department to its corporate department. Regarding the New York Times article it is known that Shoaib Shaikh had made over $89 million Dollars and had laundered money through shell companies in the US and more offshore companies which were used to fund Axact and their news company BOL The issue was also taken up in Senate of Pakistan where Chairman of the Senate Raza Rabbani constituted a committee to probe into the issue. Pakistan's tax authorities and the SECP also initiated investigations into the company.