World

How To Handle Car Accidents And Property Damage

Published

3 years ago

October 12, 2022

No one ever expects to be in a car accident. But unfortunately, accidents happen all the time. And when they do, it’s important to know what to do next. Do you know what to do if you’re in a car accident? Do you know how to handle property damage? Keep reading to find out everything you need to know about car accidents and property damage.

What Is Considered Property Damage In A Car Accident?

Property damage in a car accident can include any damage done to the vehicle and any personal property inside the car at the time of the accident. This could include things like suitcases, laptops, phones, etc. If any of your personal property was damaged in the accident, you might be able to file a claim with your insurance company to have it reimbursed. If you’re unsure of how this works in your state, contact a California car accident property damage lawyer to help guide you.

What To Do If You’re In A Car Accident

If you’re involved in a car accident, you should first pull over and turn on your hazard lights. Then, you should check for injuries. If anyone is injured, call 911 right away. If no one is injured, move your car to the side of the road so traffic can flow. Then, exchange insurance information with the other driver. Get their name, address, phone number, and insurance company information. Once you have this information, you should report the accident to your insurance company.

Immediately After the Accident

If you’re involved in a car accident, you should first pull over to a safe location and turn off your engine. Once you’re in a safe place, assess yourself and your passengers for injuries. If anyone is injured, call 911 right away. Even if there don’t appear to be any injuries, it’s always best to err on the side of caution and call for medical assistance.

Once you’ve ensured everyone is okay, exchange insurance information with the other driver or drivers involved in the accident. Be sure to get their names, addresses, phone numbers, insurance companies, and policy numbers. It’s also a good idea to take photos of the accident scene (if it’s safe to do so) and any damage to your vehicle. These photos can be useful when filing an insurance claim later on.

How To Handle Property Damage

If there was property damage in the accident (e.g., damage to your car), take pictures of the damages before getting your car towed or repaired. This will help document the extent of the damages for your insurance company. Once you have pictures of the damages, call your insurance company and give them a report of what happened. They will then likely send an adjuster to inspect the damages and give you an estimate of how much it will cost to repair them.

Filing an Insurance Claim

If you or anyone in your vehicle was injured in the accident, contact a personal injury lawyer as soon as possible. They can help you navigate the legal process and ensure that you receive fair compensation for your injuries.

If there were no injuries but property damage, you’d need to file an insurance claim with your insurance company. The process for doing this will vary depending on your insurer. Still, generally speaking, you’ll need to file a police report and then submit a claim form along with any supporting documentation (e.g., photos of the damage). Once your claim is processed, you should receive payment for repairs within a few weeks.

Aggressive Insurance Companies

Some insurance companies may try to lowball you on your repair costs or refuse to pay out your claim altogether. If this happens, contact a lawyer who specializes in dealing with auto accidents and property damage. They can help you get the compensation you deserve.

Final Thoughts

No one ever wants to be in a car accident. But if you are involved in an accident, it’s important to know what to do next. Now that you’ve read this blog post, you know exactly what steps you need to take after a car accident. So if you’re ever involved in an accident, remember these tips and follow them so you can get through them as stress-free as possible.

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.