World

Rights for American Construction Workers

Published

4 years ago

January 29, 2021

According to the Occupational Safety and Hazard Administration (OSHA), 5,250 individuals died in a work-related incident in 2018. Over 20 percent of the recorded fatalities occurred in the construction industry, making it one of the most dangerous industries in the United States. After a construction-related accident occurs, many individuals may be able to seek compensation for an accident from an employer or other organization. Being familiar with some of the industry standards and options available could help a person make better-informed decisions after an injury.

Details on Construction Related Accidents

OSHA has identified falls, electrocution, and being struck by an object as some of the most common causes of construction fatalities. Of the three categories, falls accounted for over 33 percent of the 1,008 construction fatalities, making it the most common cause of death that year. Similarly, the most commonly cited OSHA violations in the 2019 fiscal year included inadequate fall protection, scaffolding, and ladders.

“You can see a connection between the most frequently cited OSHA violations and common causes of construction worker injuries and death,” said Kevin Roach of the Law Offices of Kevin J Roach, LLC. “In many cases, a company’s failure to provide the proper equipment or training may have caused or contributed to an accident.”

To help prevent construction-related injuries, OSHA provides standards that companies must adhere to. Similarly, state and federal laws may provide additional protection requirements to ensure worker safety. Due in part to these laws, a construction worker may be able to receive compensation whenever a work-related injury or death occurs. This compensation could help cover medical bills, lost wages, and other expenses a person incurs due to their injury.

What is Liability?

Liability is one way to establish responsibility for an accident. Liability is generally assigned when a person, company, or other entity fails to perform a duty or required act that resulted in an injury or damage. A liable party may be responsible for paying some or all of the damages that resulted from an accident. Some common liable groups and individuals in the construction industry include contractors, construction site owners, managers, and construction equipment manufacturers. Whenever a person or group fails to adequately perform their duties and an injury results, the injured person may be able to seek compensation from the negligent party by filing a personal injury lawsuit. An injured party can generally recover damages to cover financial expenses as well as non-economic loss such as emotional trauma, pain, and suffering.

Workers’ Compensation Claims

In addition to filing a personal injury lawsuit, an injured construction worker may be able to recover damages by filing a workers’ compensation claim. Workers’ compensation insurance is often provided by an employer to cover wage losses and medical expenses in the event an injury occurs. A notable benefit of filing a workers’ compensation claim is that a person may be eligible to receive compensation even in cases where no one caused or contributed to the accident. Workers’ compensation insurance may also cover rehabilitation costs and other expenses that might occur during the recovery process.

Other Options for Injured Construction Workers

In addition to personal injury lawsuits and workers’ compensation claims, other potential options are available to help an injured construction worker receive the care they need. In cases where defective tools or equipment contributed to an accident, an injured person may be able to recover compensation through a product liability lawsuit. Similarly, a wrongful death claim may help a victim’s family recover compensation after a fatality occurs. In many cases, a knowledgeable lawyer could examine an injured person’s situation and help determine the options available.

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.