December 11, 2023 (MLN): At-Tahur Limited (PSX: PREMA), in a notice issued today to the local bourse, has termed the ongoing inquiries by the Federal Investigation Agency (FIA) and National Accountability Bureau (NAB) against its Chief Executive (CEO), Rasikh Elahi, as political victimization.

“The FIRs of FIA AML Circle Lahore that are the subject matter of letters of FIA to banks of the company do not implicate the company,” the notice reads further.

Therefore, PREMA has approached the honorable Lahore High Court to address its grievances since the action of FIA is without jurisdiction.

The matter is sub judice before the honorable Lahore High Court, which has also passed necessary directions to FIA for the release of operational expenses of the company.

Moreover, the company believes no additional disclosures under the Securities Act, 2015 are warranted.

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Posted on: 2023-12-11T13:31:53+05:00