Tag: fraud
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TRG Chairman Khaishgi and CEO Aslam implicated in $150 million fraud
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…
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Pakistan seeks arrest of Rolf J. Widerøe for defrauding Pakistani national
KARACHI (By News Desk): The Sindh Home Department has the requested federal Interior Ministry authorities to expedite the process of obtaining a Red Notice for Norwegian journalist Rolf John Widerøe, accused of allegedly duping a Pakistani national out of 10 million rupees with false promises of Norwegian citizenship. The Sindh police are currently investigating the…
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$35 million COVID-19 fraud scandal: Ex PTI leader Tahir Javed faces investigation in US
WASHINGTON/ISLAMABAD (By News Desk): American Federal and State agencies are investigating two Pakistani American businessmen and their associates over suspected money-laundering, wire fraud and tax evasion for setting up dodgy company structures to launder the proceeds of purported black money, according to the investigators involved in the case. Federal investigating authorities in the US have…
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Gaurav Srivastava’s lies trigger termination of Atlantic Council relationship
(By Monitoring Desk): The Atlantic Council has confirmed it has terminated its relationship with a major donor, Gaurav Srivastava, after the Indian-American businessman was exposed as involved in several fraudulent activities. The leading American think-tank said it decided to terminate its relationship with Gaurav Srivastava, his wife Sharon and their fake charitable organisation The Gaurav…
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Questions raised in US about foreign lobbying after Indian fraudster Gaurav Srivastava’s $1m donation to Atlantic Council
(By Our Reporter): American think-tank Atlantic Council is facing questions and mounting criticism after the discovery that one of its major donors, Gaurav Kumar Srivastava, is involved in large-scale scams, some of which include using the name of Central Intelligence Agency (CIA) to make money fraudulently. Gaurav Srivastava, an Indian businessman living in America, is…
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Pulitzer Prize-winning journalist exposes Indian businessman’s fraud
(By Monitoring Desk): Gaurav Kumar Srivastava, an India businessman living in America, has been accused of orchestrating international scams in which he claimed to be a Central Investigation Agency (CIA) operative to defraud global businessmen, including the Geneva-based Dutch oil trader Niels Troost. An investigation published in respected investigative journalism forum “Project Brazen” has laid…
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Pakistan issues Interpol Red Notices to arrest fugitive sisters Sophia Mirza, Mariam Mirza
LONDON (By News Desk): The Pakistan government has issued INTERPOL Red Notices against former model and actress Sophia Mirza (Khushbakht Mirza) and her sister Mariam Mirza. Both Sophia and Mariam have been living in London for the last several months after cases were registered against them in Pakistan by Umar Farooq Zahoor, the Dubai-based businessman…
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Human Trafficking and the Role played by Social Media
Human trafficking practices, likened to “modern day slavery” by Dr. Melissa Withers, an Associate Professor of global health at the University of South California’s Online Master of Public Health program, are bolstered by the rising involvement of social media in everyday lives. Withers argues social media helps to promote human trafficking across the globe. Ideally…
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Viceroy Research and members slapped with defamation and fraud lawsuit in US
(By Monitoring Desk): American healthcare real estate company Medical Properties Trust (MPT) has started a defamation lawsuit in a US federal court against short-selling Viceroy Research and its three members over what it says are bogus, fake and fraudulent financial analysis reports linking it to medical company Steward Healthcare International (SHCI) Malta hospitals issue. One…
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Japanese Court Freezes PIA Tokyo Bank Accounts
Japanese Court has freeze Pakistan International Airlines’ (PIA) Tokyo bank accounts due to non serious attitude regarding final settlement to its permanent Japanese local employees. According to the details, a Japanese court has ordered to freeze all PIA bank accounts in Tokyo due to non serious attitude regarding the final settlement to Japanese employees and…