In a recent episode of “Watch Times,” host Tahir Naseer exposed an alleged scam involving Hash Group of Companies, specifically The Hash Mall project in Bahria Town Phase 8. Naseer began the program by highlighting the prevalence of fraud in the real estate sector, citing the recent case of Sheikh Fahad of Triple Associates, who is under strict scrutiny for allegedly looting billions.
The focus then shifted to Hash Group of Companies, owned by Syed Hashim Raza, and its purported scheme to construct a 14-story building called The Hash Mall in Bahria Town Phase 8. Naseer outlined the deceptive tactics employed by the group, including claims of RDA approval, promising annual returns of 6-8%, and monthly profits for investors ranging from Rs. 22,000 to Rs. 70,000 based on their investment.
The host expressed skepticism about the project’s completion, especially considering the track record of Syed Hashim Raza’s brother, Syed Asim Raza, who allegedly engaged in fraudulent schemes in the past. Naseer mentioned that Asim Raza had faced legal action and even fled to Dubai but later returned to Pakistan.
The program highlighted the promises made by Hash Group of Companies, such as the construction of a helipad on the 14-story building to attract overseas Pakistanis. However, concerns were raised about the legitimacy of these claims, with Naseer suggesting that the investors might have fallen victim to a potential scam.
The host also shed light on the alleged lavish offices of Hash Group, where investors were enticed with promises of property sales and other lucrative opportunities. Naseer indicated that the company’s contact numbers were starting to close, possibly indicating a problematic situation.
The upcoming episode of “Watch Times” promises to delve into the reasons behind the non-completion of The Hash Mall project and further details about key individuals involved, including Syed Tahir Abbas (CEO), Saad Suhail (Zonal Head), Syed Abbas Haider (Director), Shahnawaz Khushal (Sales Head), and other close relatives associated with Hashim Raza.
The video serves as a cautionary tale about potential scams in the real estate sector and raises awareness about the need for due diligence when investing in such ventures. Viewers are urged to exercise caution and verify claims made by companies before committing their funds.
