KARACHI: The family disputes in the Dewan Group have been intensified to the extent of filing cases against each other.
According to reliable sources, after increase in the tussle for rights in Dewan Group of Companies, reports have been received about separate occupation of offices and companies by the members of the family.
On the other hand, it is learnt, some very influential persons holding private and government posts have been using their influence for a patch-up in the family. It is further learnt that after widening of differences between the family, financial institutions have started examining the Group matters. The differences have also led to rumours and caused tongues to wag in the stock market.
Financially Dewan Group is a very big group. The Group has a vast business in textile and sugar sectors. It has a big name in the fibre sector. Recently the group has started a business of a chain store in the name of D Mart. Moreover, the group has recently gained a foothold in the oil and gas sector.
It is said that the differences in the group intensified after the death of an elderly woman of the family. Besides brothers, the group matters are also in the hands of cousins. That is why the differences have spread among cousins along with brothers. According to the sources, as a very influential person of the country has relationship with the family, government officers are making hectic efforts to resolve the differences.
