HUM Network denies money laundering allegations

March 06, 2026 (MLN): Hum Network Limited (PSX: HUMNL) rejected media and social media reports linking it to alleged money laundering, calling the claims baseless.

In a public statement issued by the company, HUM Network clarified that the claims linking it to any illegal financial activity are baseless and misleading.

The Company stressed that the company has neither been involved in nor has any knowledge of such activities.

The statement came amid reports indicating that the Federal Investigation Agency (FIA) is conducting an investigation related to the alleged involvement of certain third parties in a money laundering case.

HUM Network emphasized that the circulating reports incorrectly suggest the company’s involvement without seeking any clarification from its management.

“The suggestions alleging any involvement of the Company in any illegal act or wrongdoing are completely baseless and have been published without seeking any clarification from the Company,” the statement said.

The company further reiterated that it has never been involved in money laundering nor is aware of any such activity.

There is therefore no question of its involvement in any predicate offence linked to such allegations.

Despite this, the company stated that it has proactively constituted an internal fact-finding committee to independently review the matter and ensure transparency.

HUM Network noted that the committee will assess the situation internally while the investigation by the relevant authorities continues.

The media group concluded that it remains committed to maintaining the highest standards of corporate governance and compliance.

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