ANUBHAV ASSETS IDENTIFIED FOR ATTACHMENT
Article Abstract:
Assets worth Rs190 crore belonging to the Anubhav group have been identified for attachment by The Tamil Nadu police, after the company defaulted on payments to investors. Most of the assets are in Tamil Nadu and some are in Kerala. Legal proceedings are likely to commence. The Tamil Nadu Police has received complaints from investors who have invested around Rs7 crore in schemes of the Anubhav group. Anubhav Plantations Ltd has filed a repayment structure to investors. The proposal envisages clearing of all due payments by October 1, 2000 AD at an interest rate of 12 percent. Anubhav Plantations Ltd has mobilised about Rs139 crore through its various high return schemes. (nr)
Comment:
Assets worth Rs190 crore belonging to the Anubhav group have been identified for attachment by The Tamil Nadu police, after the company defaulted on payments to investors.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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INDIA RANKS 7TH AMONG RISKY AREAS FOR INVESTMENTS: MIG
Article Abstract:
The Merchant International Group (MIG), a London based strategic research and corporate intelligence company, has rated India as the 7th most risky country for global investments. India stands seventh in the top ten list with 76 points. The ratings are based on Grey Area Dynamics (GAD). GADs are invisible risks that can harm the investments. MIG designs strategy for entry, exit, mergers, acquisitions and investment for its international clients. MIG considers country's parallel trading and product diversions as the chief grey area risks. India's poor performance is due to sectarian pressures, uncontrollable corruption and lack of governmental economic reforms. (um)(psr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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