The Bermuda-based company counts Princess Beatrice among its executives and until recently employed David Cameron as an adviser. The former prime minister quit after Ms Spottiswoode’s claims in protest at Afiniti’s handling of the situation.
Questions had remained over Mr Chishti’s roles at TRG, which continued to give him substantial influence over Afiniti. TRG Pakistan’s board had been due to consider his future in a meeting scheduled for next week.
In an update to the Karachi Stock Exchange, the company said: “Muhammad Ziaullah Khan Chishti has resigned as the chief executive officer and a director of TRG Pakistan, with immediate effect.
“Mr Chishti has also resigned from his positions at [TRG International], effective immediately. This follows Mr Chishti’s November 18 resignation as the chief executive officer, chairman, and a director of Afiniti.”
TRG Pakistan has a 45pc stake in TRG International, which in turn owns 38pc of Afiniti. Mr Chishti