World

Towards A Better World – Honor Society Foundation

Published

4 years ago

December 4, 2021

The world of today is full of unease, wars, and depression. With countries inching closer to an inevitable conflict, resolving differences through negotiations is the need of the hour. Philanthropy can be a useful method for conflict resolution as it will help people live a peaceful life. Today, the world needs organizations such as the Honor Society Foundation to assist and facilitate humanity. Mutual collaboration to achieve peace and harmony should be the way forward. Helping those that need is something the Honor Society Foundation has been doing for many years. Their efforts to assist student education are beneficial in many ways.

A Word On Honor Society

The Honor Society aims to assist members using honors and awards to help them achieve and maintain excellent performance in academics and community services. People at the Honor Society understand that a dynamic community is important. The Honor Foundation Society is a 501c3 nonprofit entity dedicated to providing scholarships and educational programs to deserving candidates. The Honor Society has enjoyed a rich tradition that has been around for two centuries. Honor Society has an established tradition of honoring and recognizing achievers.

Society also facilitates online and offline connections and allows members from all over the country to get in touch and discuss ways to achieve their goals.

National Recognition

Recognition can be of many different types. National recognition involves identifying the services of an individual. Those who outperform others in society are recognized and accoladed accordingly. Upon graduation, they are awarded graduation insignias, such as honor cords and tassels. Membership certificates and acknowledgments also allow members to display their achievements on their portfolios proudly.

Scholarships

The society brings several types of scholarships to students. These scholarships are available for students studying in various grades. Knowing the problems students face during their studies and recurring studies-related problems throughout the year, the Honor Society brings free of cost scholarships to students who perform exceptionally well. The society’s scholarship program includes member scholarships that are worth $120,000 annually. Member students can get scholarships that are worth even more. The Honor Society started the program in 2015, which is still underway. A growing endowment ensures that the program’s impact will continue to grow steadily in the future. Honor Society also brings scholarships for those who wish to continue their studies abroad. These are mostly graduate students, society leaders, academic performers, emerging students, and campus leaders.

Discounts

People at the Honor Society believe that scholarships of the same type might not work as they don’t have much to offer. To overcome this, the Honor Society discount program is designed to help students travel, look for a health service, or conduct recreational activities. Honor Society builds values for members besides scholarships by considering their requirements and providing custom tailored benefits. These programs are designed for individuals seeking assistance to maximize their academic and professional impact.

Universities

Honor Society has a keen eye on smaller, local communities as well. The program is developed for those smaller, local communities and allows them to achieve their goals. Likewise, the programs also facilitate the need to form a vibrant community comprising high performers at university campuses across the country. These members participate in intelligent discussions and brainstorm other events. They don’t shy away from taking important initiatives, such as philanthropy and leadership

Tools

Honor Society Foundation also helps students by offering various programs such as internships and job search tools. Each of these programs is designed to assist students by simplifying the procedure. Once inductees become members, procedural limitations are removed, and students can make the most of each program. The tools also let them build their profiles to showcase their talents to possible employers. The job search tool provides access to over sixteen million jobs worldwide.

Trips For Members

Trips are available to members across the United States. These trips take members to cultural hubs such as Los Angeles and Washington D.C. Each of these trips allows members to have a fun time by networking and connecting with other members. This collaboration leads to learning and creating memories using the trip. These trips can provide fun and learning opportunities for all participants.

Do you wish to take your career to the next level? It is time to partake in Honor Society Foundation programs. Never miss a learning opportunity and hone your career with numerous opportunities for recognition and awards. Become a distinguished Honor Society member and reach new heights in your academic career. Seize the opportunity to secure your future.

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.