In 2006 Xact was prosecuted using name of some schools, colleges and university in US - issuing fake degrees - when the news unearthed by one of the schools owners that some agency used its name and issued forged degrees whereas aXact was neither accredited, registered nor authorized to use school's name eventually then aXact owner was fined too by the court.
aXact group has hired senior journalists and giving them heavy salaries even before the launch of ‘Bol’. The recruited employees of Bol are drawing their salaries whereas there is no commercial even being run as we understand commercial ads becomes the source of revenue for TV channels but in Bol case it is still on the paper.
So people has right to ask what is the source of income for Bol - how it is financing or meeting its growing day to day business - how Bol is crediting hefty salaries to its hired employees who are sitting in office though not sitting at home but the disbursement started as soon as the employment contract signed off?
American Newspaper also claimed that the videos provided on the aXact website of Professors are also fake, they are all actually actors & even there is no physical university registered in such name.
Axact actually is running a printing press - a well organized ultra modern technology oriented printing press where degrees and diploma are printed in a more advanced and sophisticated way maintaining a high degree of accuracy.
Its a big scamming company earns up to $ 10 million in a single month - the former Officer of aXact told the New York times that the telephone sales agent also knows that they are providing fake degrees and services. It is cleared that the revenue earned by giving fake degrees is spent on BOL TV network where employees heavy salaries with perks and benefits such as employees insurance, medial facility for self & parents in top most hospitals in Karachi are provided - company maintained car and even to the top ranking officials with latest model of cars 7* treatment really.
For the time being we felt that we are living in a well developed country within 3rd world - when I saw scale of latest model of cars and four wheels in parking slots of Bol premises - a complete new outlook of Pakistan where the participants had been given a red carpet reception with outnumbered entertainment outlets., said an invitee who attended Bol award giving ceremony held in Karachi.
Though the Bol still has not been aired due to some administrative glitches with PEMRA, however it alarms those who still seems interested to join Bol of course will get a jerk and think whether to move or not?.