World

3 Smart Strategies to Protect Your Home From Wildfires

Published

4 years ago

March 29, 2021

For many, wildfires are synonymous with destruction. They can create unmeasurable havoc and cost the lives of both humans and wildlife. On the other hand, controlled forest fires present several benefits to the environment, such as clearing grasses and bushes to prevent future fires, removing forest debris, eliminating unwanted insects and diseases, and accessibility to more nutrients due to the exposed sunlight.

In the United States, from 2011 until 2020, more than 60,000 wildfires were recorded annually, and an average of 7.5 million acres was destroyed yearly. As a homeowner, wildfires can only mean unnecessary stress and financial damages. Here are some necessary measures that you can take to protect your home from this undesirable catastrophe.

Invest in high-quality non-flammable housing materials

It might be easier to fire-proof your house if you are in the construction stage, since you can build it entirely with fire-resistant materials. For existing homeowners, an alternative would be to install materials that could prevent your house from burning. Consider replacing your roof with non-combustible material such as tile, slate, concrete, copper, metal, and clay. Reroofing could be expensive, but a quality roof will prove to be a worthy investment over time. Embers from a nearby wildfire can creep inside your house through your roof, walls, or windows, so ensure that all exterior openings are adequately covered.

Replace your windows with fire-resistant glass such as tempered or double-plane, as they can effectively withstand high-temperatures. You can also install smoke alarms and high-performance exterior sprinklers. If possible, cover your outside walls with durable materials such as bricks, gypsums, and concretes.

Keep your house clean at all costs

A clean house has a higher chance of reducing the damage caused by wildfires or even regular house fires. Make sure to regularly clean your gutters to avoid the build-up of dried leaves and if you have a wood deck, remove dried plants or vegetation. Secure the surroundings of your house and keep fire-hazards such as firewood piles, grills, propane tanks, and even organic fertilizers at least 30 feet away from your home. Remove low-hanging tree branches, and try not to overcrowd your plants when gardening.

Collaborate with your neighbors and consider alternatives

If you live in a heavily-populated community, there is a higher chance that wildfires will spread faster, so everyone in your neighborhood must be on the same page when it comes to fire prevention. Your community will be safer if everyone is properly educated, and keep in mind that fire safety is a collective effort. Discuss with your neighbors about possible programs that your community can participate in or precautions that you can take within your area. Remember that in any scenario, having a proactive approach is almost always better than a reactive one.

It is also vital that your house is insured. Ensure that your fire insurance covers wildfires, and do not hesitate to get assistance from a public adjuster such as TSO Adjustment Service to help you with your claim.

It is vital for homeowners, especially those living in fire-hazard zones, to safeguard their homes from wildfires. By doing so, you are giving your loved ones a higher fighting chance of surviving this unfortunate event.

World

TRG Chairman Khaishgi and CEO Aslam implicated in $150 million fraud

Published

6 days ago

June 23, 2025

Jenny Jackson

In a scathing 52-page decision, the Sindh High Court has found that TRG Pakistan’s management was acting fraudulently and that Bermuda-based Greentree Holdings historic and prospective purchase of TRG shares were illegal, fraudulent and oppressive.

The Sindh High Court has further directed TRGP to immediately hold board elections that have been overdue and illegally withheld by the existing board since January 14, 2025.

In the landmark ruling, the Sindh High Court has blocked the attempted takeover of TRG Pakistan Limited by Greentree Holdings, declaring that the shares acquired by Greentree, nearly 30% of TRG’s stock, were unlawfully financed using TRG’s funds in violation of Section 86(2) of the Companies Act 2017.

“Having concluded that the affairs of TRGP are being conducted in an unlawful and fraudulent manner and in a manner oppressive to members such as the Petitioner (Zia Chishti), the case falls for corrective orders under sub-section (2) of section 286 of the Companies Act,” Justice Adnan Iqbal Chaudhry concluded.

The case was brought by TRGP former CEO and founder Pakistani-American technology entrepreneur Zia Chishti against TRG Pakistan, its associate TRG International and TRG International’s wholly-owned shell company Greentree Limited. In addition, the case named AKD Securities for managing Greentree’s illegal tender offer as well as various regulators requiring that they act to perform their regulatory duties.

The case centred around the dispute that shell company Greentree Limited was fraudulently using TRG Pakistan’s own funds to purchase TRG Pakistan’s shares in order to give control to Zia Chishti’s former partners Mohammed Khaishgi, Hasnain Aslam and Pinebridge Investments.

According to the case facts, the Chairman of TRG Pakistan Mohammed Khaishgi and the CEO of TRG Pakistan Hasnain Aslam masterminded the $150 million fraud. They did so together with Hong Kong based fund manager Pinebridge who has two nominees on TRG Pakistan’s board, Mr. John Leone and Mr. Patrick McGinnis.

According to the court papers, Khaishgi, Aslam, Leone, and McGinnis set up a shell company called Greentree which they secretly controlled and from which they started buying up shares of TRG Pakistan. The fraud was that Greentree was using TRG Pakistan’s funds itself. The idea was to give Khaishgi, Aslam, Leone, and McGinnis control over TRG Pakistan even though they owned less than 1% of the company, lawyers of the petitioner told the court.

This was all part of a broader battle for control over TRG Pakistan that is raging between Khaishgi, Aslam, Leone, and McGinnis on one side and TRG Pakistan founder Zia Chishti on the other side. Zia Chishti has been trying to retake control of TRG Pakistan after he was forced to resign in 2021 based on sexual misconduct allegations made by a former employee of his. This year those allegations were shown to be without basis in litigation that Chishti launched in the United Kingdom against The Telegraph newspaper which had printed the allegations. The Telegraph was forced to apologize for 13 separate articles it published about Chishti and paid him damages and legal costs.

After Chishti resigned in 2021, Khaishgi, Aslam, Leone, and McGinnis moved to take total control over TRG Pakistan and its various subsidiaries including TRG International and to block out Chishti. The Sindh High Court’s ruling today has reversed that effort, ruling the scheme fraudulent, illegal, and oppressive.

It now appears that Zia Chishti will take control of TRG Pakistan in short order when elections are called. He and his family are now the largest shareholders with over 30% interest. He is closely followed by companies related to Jahangir Siddiqui & Company which have over a 20% interest. The result appears to be a complete vindication for Zia Chishti and damning for his rivals Aslam, Khaishgi, Leone, and McGinnis who have been ruled to have been conducting a fraud.

TRG Pakistan’s share price declined by over 8% on the news on heavy volume. Market experts say that this was because the tender offer at Rs 75 was gone and that now shares would trade closer to their natural value. Presently the shares are trading at Rs 59 per share.

According to the court ruling, since 2021, shell company Greentree had purchased approximately 30% of TRG shares using $80 million of TRG’s own money, which means that that the directors of TRG Pakistan allowed company assets to be funneled through offshore affiliates TRG International and Greentree for acquiring TRG’s shares – a move deemed both fraudulent and oppressive to minority shareholders. The Sindh High Court also found illegal Greentree’s further attempt to purchase another 35% of TRG shares using another $70 million of TRG’s money in a tender offer.

The ruling is a major victory for the tech entrepreneur Zia Chishti against his former partners and the legal ruling paves the way for him to take control of TRG in a few weeks.