November 17, 2021 (MLN): The share price of The Resource Group (TRG) has drastically declined by Rs9.78 or 7.59% in a day after the news appeared on media about the accusation of sexual harassment and assault by a former employee on Zia Chishti, the Chief Executive of Afiniti, a subsidiary of TRG.
Currently, the stocks of the company are trading at Rs120.67 per share.
As per details, on Tuesday, Tatiana Spottiswoode, a law student at Columbia Law School, shared her experience of sexual assault by Zia Chishti with the members of Congress.
After her resistance, he initiated arbitration against her and her father separately, and later in May 2019 when her arbiter ruled in favor of Spottiswoode, he offered to pay $1m to erase the ruling, US media reported.
According to the report by Financial Times, the software house, Afiniti investigated Ms. Spottiswoode’s claims with independent counsel wherein it concluded that the arbitral decision she referred was incorrect while Zia Chishti has strongly refuted all accusations against him.
It is pertinent to mention here that Mr. Chisti was also awarded Sitara-e-Imtiaz in 2018 for his services rendered for the IT sector of Pakistan.
To get a company's response on the same, MG News contacted TRG for a comment and is still awaiting their reply.
Afiniti is an American call centre technology company advised by former UK prime minister David Cameron. Primarily, the company matches callers with call centre agents through software and the major clients of the company include Virgin Media and Sky, UK-based companies.
