A transcript from the Supreme Courtroom of Bermuda filed within the ongoing Pakistan Supreme Courtroom proceedings of the TRG company case exhibits that Mr. Ziaullah Khan Chishti made sweeping predictions concerning the final result of his pending case earlier than the Supreme Courtroom of Pakistan—regardless that Pakistan’s highest court docket has given no indication of when or the way it will rule.
The “Transcript of Official Courtroom Recording of Listening to on 25 November 2025” in “Within the Matter of Afiniti Ltd., Case 2025:265”, earlier than Justice Andrew Martin, information Mr. Chishti’s sworn testimony concerning his property after defaulting on court-mandated monetary obligations.
Throughout questioning, Mr. Chishti asserted:
“This whole matter will get resolved within the Pakistani Supreme Courtroom within the first week of December. I will be capable to pay VCP shortly thereafter. I’ll take management of TRGP and TRGI… All of that can occur in a short time within the first week of December.”
He additional informed the Bermuda court docket:
“I’m about to take management of TRG-P within the Supreme Courtroom of Pakistan. Management of TRG-I’ll comply with shortly thereafter.”
These statements are notable as a result of the Supreme Courtroom of Pakistan continues to be listening to arguments and has not indicated any timeline for a call. Mr. Chishti’s testimony, due to this fact, raises questions on how he may confidently predict not solely the result however the sequence of a ruling that continues to be pending.
Later within the listening to, he added:
“We anticipate a brief order from the Supreme Courtroom… The quick order that I anticipate shall be that it upholds the judgment of the Sindh Excessive Courtroom.”
The dispute over TRG dates again to 2021, when Mr. Chishti resigned from all his positions on the firm after U.S. Congressional testimony revealed an arbitration award towards him for sexual harassment, assault, and battery of a feminine worker. Since then, a chronic battle for management of TRG Pakistan Restricted has unfolded between Mr. Chishti and the corporate’s administration, producing in depth litigation that has now reached Pakistan’s Supreme Courtroom.
In one other change with Justice Martin, Mr. Chishti acknowledged:
“I’m, at current, bancrupt anyway.”
This declare contrasts with court docket information exhibiting that in 2022, Mr. Chishti obtained over USD 60 million in money and shares of Nasdaq-listed Ibex Restricted from TRG Worldwide (TRGI) by a partial sale of his stake to the corporate. His assertion of insolvency lower than 4 years later raises extra questions concerning the situation of his funds.
As litigation between TRG and Mr. Chishti continues throughout a number of jurisdictions, Mr. Chishti’s testimony in Bermuda now raises pointed questions: how he may predict the timing and substance of a Supreme Courtroom choice nonetheless underneath submission; how he expects to “take management” of TRGP and TRGI whereas in authorized battle with them; and the way such management will alleviate his claimed insolvency.
It stays unclear as as to whether the Supreme Courtroom of Pakistan has taken be aware of the testimony.
