In a latest video, Axact and BOL's chairman Shoaib Ahmed Shaikh said that fake degree scandal is a conspiracy against AxactBOL and shutting Axact would deprive Pakistan from 65 IT Export. Clarifying the fake degree scandal, he said that Axact only provide education platform to their partnersassociates with provide call center, chat and document management services. Moreover he said that Media and FIA are maligning this case so that Axact and BOL could be shut down.