AGL 38.10 Increased By ▲ 0.10 (0.26%)
AIRLINK 136.50 Increased By ▲ 0.05 (0.04%)
BOP 5.41 Decreased By ▼ -0.03 (-0.55%)
CNERGY 3.78 Decreased By ▼ -0.02 (-0.53%)
DCL 7.47 Decreased By ▼ -0.03 (-0.4%)
DFML 45.90 Increased By ▲ 0.49 (1.08%)
DGKC 78.50 Decreased By ▼ -0.02 (-0.03%)
FCCL 29.00 Increased By ▲ 0.11 (0.38%)
FFBL 56.25 Decreased By ▼ -0.75 (-1.32%)
FFL 9.11 Decreased By ▼ -0.16 (-1.73%)
HUBC 98.60 Increased By ▲ 1.80 (1.86%)
HUMNL 13.54 Increased By ▲ 0.14 (1.04%)
KEL 3.74 Decreased By ▼ -0.03 (-0.8%)
KOSM 7.39 Increased By ▲ 0.11 (1.51%)
MLCF 37.30 Decreased By ▼ -0.50 (-1.32%)
NBP 66.70 Decreased By ▼ -0.80 (-1.19%)
OGDC 166.30 Decreased By ▼ -1.22 (-0.73%)
PAEL 24.89 Decreased By ▼ -0.21 (-0.84%)
PIBTL 6.85 Increased By ▲ 0.15 (2.24%)
PPL 130.20 Decreased By ▼ -1.30 (-0.99%)
PRL 25.33 Decreased By ▼ -1.07 (-4.05%)
PTC 15.40 Increased By ▲ 0.30 (1.99%)
SEARL 61.80 Decreased By ▼ -0.45 (-0.72%)
TELE 6.95 Decreased By ▼ -0.05 (-0.71%)
TOMCL 36.29 Increased By ▲ 0.06 (0.17%)
TPLP 7.81 Decreased By ▼ -0.07 (-0.89%)
TREET 14.06 Increased By ▲ 0.06 (0.43%)
TRG 44.79 Increased By ▲ 0.24 (0.54%)
UNITY 26.20 Increased By ▲ 0.35 (1.35%)
WTL 1.21 Decreased By ▼ -0.01 (-0.82%)
BR100 9,117 Decreased By -25.8 (-0.28%)
BR30 27,221 Decreased By -104.7 (-0.38%)
KSE100 85,408 Decreased By -177.2 (-0.21%)
KSE30 26,865 Decreased By -119.1 (-0.44%)

ISLAMABAD: The Tandlianwala Sugar Mills Limited (TSML) unequivocally denies all claims made in the media and in the complaint filed against the mill’s Unit-2 at Muzaffargarh.

This news and complaint is once again false and maliciously reported with mala fide intent. According to the statement of the TSML issued here on Tuesday, as is the case in the normal course of business, we were asked to produce payment records.

The law states that the complaint process starts by identifying the source of the complaint, which is what we asked the Cane Commissioner’s office to do. This was not done and instead a legal complaint was issued. Due process was not followed and these actions are completely breaking from the process outlined in the relevant law. We reserve all rights to legal recourse and will pursue all options, including against repeated defamation.

TSML has a longstanding practice and detailed procedures to document and report activity and comply with all relevant laws.

TSML is proud of paying all its due share in taxes and supporting thousands of sugarcane growers. We are a transparent, public-listed company and given our multi-decade track record, we can confidently deny all of these claims.—PR

Copyright Business Recorder, 2021

Comments

Comments are closed.