Sources are split on what will become of TAG. At the same time, he is under investigation by the SBP. Right now, Talal does not have an official title at the company but is trying to use his status as 55% majority shareholder to continue exerting control over the company. He says the letter was then used in a conspiracy to try and oust him from his position. Instead, the document was sent to SBP by Ahsan via an email, who according to him has been found lying and forging internal documents before as well. Talal does not deny the document and admits that it was his oversight since he was the CEO, but maintains that he did not send it.
It has now been discovered that the Hong Kong firm only expressed interest in joining TAG in buying Samba and never mentioned the $45 million, which is where the tampering is supposed to have happened. It was a letter that said TAG had entered into a partnership with a Hong Kong based investment firm which had promised $45 million to help TAG buy Samba Bank. Meanwhile, high-ranking, board-level official within the company has claimed that Ahsan and Talal were both involved in the oversight that led to the forged documents being sent to the SBP, that both were separately involved in the embezzlement of investor money, and that they have been ousted on the basis of their misconduct. How did Talal Ahmad Gondal, whose initials gave the company the name ‘TAG,’ find himself in this situation? Ask him and he will tell you that his co-founder used a serious oversight on his part to orchestrate a coup against him.Īsk Ahsan Khan, Talal’s former childhood friend and the co-founder of TAG, who is now up in arms against him, and he will tell you that Talal was directly involved in forging an official document that was then sent to the SBP, and that his actions were singlehandedly running the entire company to the ground.
#SAMBA BANK DIGITAL SERIES#
Behind it was a dicey series of events that began with TAG trying to buy a bank, and ended with an explosion of a tampered document, childhood friendships gone wrong, a cloak-and-dagger environment within the startup’s upper management, and the SBP suspending further expansion of TAG’s pilot operations. On the 1st of March this year, Talal Ahmad Gondal resigned as the CEO of Pakistani fintech startup TAG.
0 kommentar(er)
