Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2021
Trade-finance and loan-fraud investigation
The Federal Investigation Agency investigated approximately Rs54.5 billion in bank borrowings and alleged fabrication of trade-finance documents involving Hascol-related transactions. Allegations also included fictitious letters of credit and transfers allegedly connected with over-invoicing. Related reporting described falsification of company books and financial statements in 2019. The company's assets were later frozen by the High Court of Sindh at creditors' request.