World

‘Essential’ Employees Hesitate To Work Due To Lack Of Protection

Published

5 years ago

April 28, 2020

There are approximately 880,000 positive cases of COVID-19 in the United States alone, according to the Center for Disease Control and Prevention. As the pandemic has put most of the country on lockdown, essential workers must still show up to their jobs. Some companies have taken a proactive action to help employees thrive in this crisis.

Amazon, for example, said that it has ramped cleaning efforts and social distancing. In addition, the company has changed its policy to allow unlimited unpaid sick leave. However, there is more that needs to be done to protect essential workers during this pandemic.

Calls For Aggressive Action

In the beginning of April, The National Safety Council has already called upon companies for an aggressive action regarding the safety of their workers. It’s not just because they are at high risk of being exposed to COVID-19, but many essential workers are paid the minimum wage. This reduces their chances of gaining access to healthcare services when they get sick. According to FVF Law, OSHA requirements will vary depending on the industry that the business is in. Understanding such rules and regulations in this time of a pandemic requires attention from a workplace injury lawyer.

Raising The Alarm

According to the NSC, around 70% of their member companies cannot work remotely since most of them are considered as essential workers. They further stated that the responsibility of the safety of their workers rests solely on the shoulders of the employers. Essential workers, including those who work in markets, delivery, and garbage collecting are feeling the impact of the pandemic. Since the lockdown has changed the workplace environment, it is up to NSC and their partner employers to come up with additional safety measures that will address the potential threat of the ongoing lockdown to their workers and customers alike.

Safety Recommendations For Essential Workers

As leaders, shifting schedules may help lessen the impact on the workforce while ensuring that they are still catering to their customers. Employees still working during the pandemic claim that proper safety measures are not being addressed. And some are even complaining about wrongful dismissal due to these situations during these tough times. A report by the Boston Globe says that GameStop employees were reportedly told to cover their hands and arms with plastic bags.

Hygiene practices, such as providing workers with hand sanitizers, should be implemented at all costs, including maintaining physical distancing as recommended by the CDC. Disinfection and cleaning must be done on high-traffic areas and equipment that are handled by several people.

These are trying times and it is only fair that many will feel frustrated about their current situation. The Shelter-in-Place order may grate on the public’s patience, but those who fall under the essential workers category do not have the luxury to remain at home. Their work is critical to keep the country functioning. With that being said, NSC has seen it fit to call upon business leaders to help their workers remain safe in the midst of the pandemic, while providing essential care to others.

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.