World

Types of Accidents That Can Be Avoided On Construction Sites

Published

3 years ago

October 12, 2022

Construction sites are dangerous places. In fact, construction workers have some of the most dangerous jobs in America. According to the Occupational Safety and Health Administration (OSHA), fatal work injuries occurred at a rate of 10.1 per 100,000 full-time equivalent workers in 2018. Construction workers’ leading causes of death were falls, being struck by an object, and electrocutions.

While construction accidents can’t always be prevented, some types of accidents are more likely to occur than others. By being aware of the most common types of accidents on construction sites and taking steps to avoid them, you can help keep yourself and your coworkers safe.

Accidents Caused by Defective Equipment

Another common type of accident that occurs on construction sites is when a worker is injured by defective equipment. To prevent this type of accident, construction companies should regularly inspect all equipment before it is used. In addition, workers should be properly trained on how to use the equipment and be aware of any hazards associated with it. If any defects are found, the equipment should be repaired or replaced before it is used again. Unfortunately, with all the construction in NYC, there has been more than one occasion of a New York crane accident.

Accidents Caused by Falling Objects

Being struck by an object accounts for about 8% of all construction worker deaths. This type of accident can be prevented by using fall protection systems like barriers, nets, and guardrails. Workers should also be properly trained on how to use these systems. In addition, construction companies should create a policy that requires all workers to wear hard hats when they are on site.

You should also be aware of your surroundings at all times and stay clear of areas where objects could potentially fall from above. If you see something falling, don’t try to catch it—get out of the way as quickly as possible to avoid being hit by it. Lastly, if you are working above ground level, take extra care to ensure that tools and materials are secured, so they don’t accidentally fall on those working below.

Accidents Caused By Slips and Falls

Slips and falls are another common types of accident that occurs on construction sites. These accidents can be prevented by keeping the work area clean and free of debris. In addition, workers should be trained on how to safely use ladders and scaffolding. In addition, flooring should be slip-resistant to help prevent these types of accidents.

To avoid falls, always use caution when working at height. Ensure scaffolding is properly assembled and all guardrails are in place before beginning work. When using ladders, make sure they are the correct size and weight capacity for the job and that they are positioned correctly before climbing. Lastly, watch your step around holes in floors and walls—they should be covered with warning signs or barriers to prevent accidental falls.

Accidents Caused By Chemical Exposure

Construction workers are often exposed to hazardous chemicals while working on a site. This exposure can lead to serious health problems like respiratory issues and skin irritation. To protect workers from these hazards, construction companies should provide them with proper Personal Protective Equipment (PPE). In addition, workers should be properly trained on how to safely use and handle the chemicals they are exposed to.

Accidents Caused By Electrical Shock

Another hazard that construction workers face is electrical shock. This can occur when workers come into contact with live electrical wires or components. To avoid this hazard, workers should always assume that any wire or component they come into contact with is live and take the necessary precautions to avoid coming into contact with it. In addition, all electrical work should be done by a certified electrician.

Final Thoughts

Construction work comes with many risks, but some accidents can be avoided if the right safety measures are in place. By taking precautions like using fall protection systems, inspecting equipment regularly, keeping the work area clean, and providing Personal Protective Equipment (PPE), construction companies can help prevent accidents and keep their workers safe.

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.