World

Khory Hancock Turns Environmental Passion into Profitable Solutions

Published

11 months ago

August 8, 2024

Khory Hancock may not have the glamorous lifestyle of a tech mogul, but he has something even better—a knack for turning dirt into gold. This environmental scientist and entrepreneur proves that the most valuable real estate may not be in Silicon Valley; it may be in nature itself, teeming with carbon-sequestering potential.

The climate solutions business man’s path to environmental entrepreneurship began in central Queensland. Growing up on a vast cattle station, he developed an intimate understanding of the land and its ecosystems. Eventually, for nearly 15 years, he honed his expertise in various industries, including mining, gas, infrastructure, and carbon farming.

Hancock’s entrepreneurial vision crystallized with the founding of Climate Revive in 2022. Drawing on his background in cattle management and his expertise in environmental science, he created a company that would address ecological challenges while creating economic opportunities for stakeholders.

How Hancock Combines Land, Sea, and Economic Sustainability

When it comes to saving the planet, Hancock does not believe in half-measures. He has gone full Noah’s Ark, covering every creature that creeps, swims, or flies in his environmental solutions, including the economic habitats they depend on.

He recognizes the interconnectedness of land and sea environments and seeks to address ecological challenges across these domains. On land, Climate Revive implements a range of regenerative agriculture practices. These include rotational/planned grazing, soil carbon sequestration, and reforestation initiatives. These methods capture carbon, improve soil health, increase water retention, and enhance biodiversity. The result is a more resilient agricultural landscape that better withstands climate variability while producing higher yields.

Meanwhile, his initiatives in the marine space focus on coastal ecosystem restoration and protection. This includes mangrove rehabilitation projects and efforts to reduce agricultural runoff that impacts reef systems.

The founder also emphasizes the importance of biodiversity in Climate Revive’s projects, with initiatives designed to create habitats that support a wide range of plant and animal species.

Climate Revive’s Ambitious Goals for Carbon Sequestration

Climate Revive has set ambitious targets that certify its commitment to impacting climate change mitigation. They have a current estimate of the potential to sequester 10 million tonnes of carbon dioxide over 25 years on their projects. This bold objective demonstrates the scale at which Hancock believes environmental entrepreneurship can operate.

Alongside its carbon sequestration goals, Climate Revive has committed to regenerating nearly one million hectares of land over the same 25-year timeframe. This massive effort will involve various restoration projects across diverse ecosystems, from degraded farmlands to revived ecosystems.

Achieving these goals is possible through partnerships with experienced carbon companies and specialist contractors. Collaborations help projects be delivered with the highest standards of integrity and quality. With this, Climate Revive is expected to meet its targets and set new records for environmental restoration in the private sector.

Hancock and his company challenge the long-held notion that profitability and ecological responsibility are mutually exclusive. As global attention increasingly focuses on climate change mitigation and sustainable development, the founder’s work offers a model for turning environmental passion into scalable, rewarding solutions that benefit both the planet and its inhabitants.

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.