Discover and read the best of Twitter Threads about #Hascol
Most recents (1)
Clear example of collapse of country's banking, regulatory, investigative & legal systems. Not just default, but massive frauds perpetrated by sponsors/ mgment: banks, regulators, investigators remain silent spectators. Why? 1/6
profit.pakistantoday.com.pk/2022/12/12/has… via @Profitpk
profit.pakistantoday.com.pk/2022/12/12/has… via @Profitpk
2. Nearly 60 bln unsecured loans provided by banking sector to #Hascol based on hype created by mgmnt, fraudulent fin reporting. Is there any assessment why & how banks provided such large loans without proper understanding & due diligence of the compny & its business? 2/6
3. Clear & established case of fraud & fraudulent reporting. Why banks remain indecisive in prosecuting perpetrators of fraud? How can they trust the same mgment for restructuring to jeopardize new investment & loans? 3/6
