New Official response from Axact:
“Axact condemns this story as baseless, substandard, maligning, defamatory and based on false accusations and merely a figment of imagination published without taking the company’s point of view. Axact will be pursuing strict legal action against the publications and those involved.”
BOL channel network has been highly criticized as right from the word go, they were hiring staff very aggressively. As compared to other TV channels in Pakistan, they were paying much higher amounts to the anchors and other important staff. Famous anchors from different TV channels started to migrate to BOL network and their respective TV channels required a substantial increase in the salaries of their star performers so that they can convince them to stay.
Rise of BOL has certainly surprised and shocked everyone. Rumors started to arise on the scene. Allegedly the major rumor that came up on the scene was that there are two very strong parties involved in setting up BOL channel network i.e. gangster-turned-terrorist Dawood Ibrahim and Inter-Services Intelligence (ISI).
The allege reason described in rumors for setting up a news channel is that since the media in Pakistan has grown independent and ISI is being highly criticized, it was need of the time that such a channel should be introduced on the scene that is able to neutralize the effect of criticism on ISI and premiere spying agency of Pakistan could control how the media works.
All the work carried out to set up this new channel is through a company named Axact. Axact claims that it is the largest software house of Pakistan with over 5000 employees working in their company. Axact is accused of hosting illegal porn sites and also involved in selling fake degrees. Moreover its owner and founder Shoaib Shaikh was once mentioned in British newspaper report. The report accused him of hosting such websites that charge money for writing term papers and dissertations for the students.
Axact Private Limited has strong denied the allegations for its project BOL Media Network. They claim that BOL channel is not affiliated with either Dawood Ibrahim or Malik Riaz. They also claim that the rumors and news report trying to connect their company somehow with anyone of them are baseless and false. The company operates currently from Dubai, Karachi and Islamabad and has presence in over 100 countries of the world. They have more than 8 million customer base throughout the world.
In addition they also claimed that their reputation has earned them some enemies and when they launched mega project of BOL media network, the jealous entities are trying to malign the name of the company by doing negative propaganda.