The Federal Investigation Agency (FIA) has registered a criminal case against former executives and directors of Unity Foods Limited following an investigation by the Securities and Exchange Commission of Pakistan (SECP) into alleged financial irregularities.
Former CEO Muhammad Farrukh Amin Godil is among those named in the case, along with other former company officials and directors. The FIR was registered by the FIA’s Corporate Crime Circle in Karachi on August 29, 2026, after the SECP referred the matter for further investigation.
One of the most significant allegations involves an approximately Rs44.7 billion difference between Unity Foods’ published financial accounts and its internal SAP records. Investigators also identified an alleged inventory discrepancy of around Rs5.2 billion and approximately Rs5 billion in receivables for which evidence of goods being delivered was reportedly not available.
The investigation also alleges that Rs2.87 billion from a Rs3.75 billion rights issue raised in 2019 could not be properly accounted for against its stated purposes. Another allegation concerns Rs5.318 billion in company funds allegedly transferred to the former CEO’s mother under loan-related entries without supporting banking instruments or board approvals.
The FIA has registered the case under provisions relating to criminal breach of trust, cheating and falsification of accounts, among other offences.
However, the allegations have not been proven in court. Unity Foods has clarified that the company itself has not been named as an accused and said it is cooperating with the authorities.
