Joint venture fraud Karachi?
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Joint venture frauds in Karachi are the most frequent problem of businessmen and entrepreneurs. It is a well-known fact that joint venture is the process of joining two parties in a partnership. But how this process is working? It is a combination of both legal and financial system which usually result in failure or a significant loss for both parties. Most of the joint ventures are based on the following conditions: 1. One partner is known as a founder: The founder is responsible for the initial investment, production, and sales of the
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Joint venture is an agreement between two or more parties who enter into an exclusive partnership to work on a common business venture. But, when one partner breaches the terms of the agreement, the joint venture can end. It’s called a joint venture fraud. Here’s how it happens. Let’s say, A and B are partners in a business venture. They’ve agreed to share profits equally. But, one day, B stops paying for supplies and equipment to A, which
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Dear dear Karachians, I am the top expert lawyer in karachi, Joint venture fraud Karachi. This kind of fraud is being committed by some dubious persons at the moment, many people in this city are losing their hard earned money. The situation is grave, and it’s a matter of great concern. Many people have lost their savings, businesses, and even lives in this matter. I am not going to discuss about the details of the fraud, as it’s a matter of public interest to know about the extent of fraud
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It is hard to believe but there are many times when businessmen from different countries make investments in Karachi, Pakistan. And even some foreign directors from other countries want to have joint venture in Karachi’s business sector. I have experienced both sides. Many investors and entrepreneurs are very keen to start their businesses in Karachi but due to fraudulent activities they fail to succeed. Investors get lured by false promises and fake promises. They do not get proper training and they invest too much money without understanding the risks
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Joint venture (JV) is one of the most commonly used corporate vehicles for promoting economic growth and social development in any society. But when it is done without adequate consideration of economic, social, or moral issues, the result is a grave injustice and fraud. In Karachi, there are instances of companies doing unconscionable things by entering into JVs to gain exclusive economic benefits. This is why we are here to defend and protect JVs in Karachi and their partners against fraudulent practices,
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Joint venture fraud is a scam in which a businessman enters into a relationship with another person or organization, promising to benefit from their joint efforts and work for a specified period. The joint venture is set up, promotional material is produced, funds are deposited, and the promised benefits are received. wikipedia reference However, at the end of the contract, the businessman is left with the promised benefits with no further contribution. view it As an expert lawyer in karachi, I am aware of the numerous cases of joint venture fraud in which innoc
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The joint venture between Pakistan Petroleum Limited (PPL) and Japan’s Inpex in the Pakistani North Sea is being marred by a fraud case. The former PPL Chairman Muhammad Khan Mustafa says the deal is based on false promissory notes and the former Chief Executive Officer of PPL Saeed Anwar Shah admits to having made a series of misleading statements. The scandal has also hurt the image of the country and its industry, leading to calls for a moratorium on such deals and for the government to investigate
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“As a top lawyer Karachi, we strongly believe in sharing some of our experiences and thoughts on Joint venture fraud Karachi. And today, as a top legal team in Karachi, we will highlight what Joint venture fraud Karachi, and I personally know and have experienced first hand. Joint venture is a business structure in which the owner of one entity (the “Venturer”) controls the ownership and management of a second entity (the “Co-venture”) which is typically an Indian company. This is in exchange for financial participation