Q.
Is AtalBehari Bajpai is responsible to runaway kuber Finance company
Asked by alpika srivastav,
11 Feb '07 07:30 am
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I am not sure from where you got this preposterous idea of blaming Ataljee with the downfall of the Kuber Group. Apparantly you do believe more in rumour-mongering than news. I reproduce below a report that appearedin the Indian Express which sketches the reasons for the downfall of the company. There was also a rumour that it was a front company of the discredited Mumbai cop Daya Nayak. Here is the news
Kuber group firms heading for liquidation
George Mathew
MUMBAI, APRIL 16: Even as investors started thronging the `closed' offices of the Kuber group for refund of money, the Reserve Bank of India (RBI) is mulling over various options - including liquidation of the companies - in a late move to prevent the group going down with several crores of investors money. However, banking sources are not sure about recovery of nearly Rs 600 crore mobilised by several Kuber group firms in the last two years from retail investor.
A senior RBI official said Kuber Mutual Benefit had col ...more
Answered by radhikamruta, 11 Feb '07 08:06 am
Kuber group firms heading for liquidation
George Mathew
MUMBAI, APRIL 16: Even as investors started thronging the `closed' offices of the Kuber group for refund of money, the Reserve Bank of India (RBI) is mulling over various options - including liquidation of the companies - in a late move to prevent the group going down with several crores of investors money. However, banking sources are not sure about recovery of nearly Rs 600 crore mobilised by several Kuber group firms in the last two years from retail investor.
A senior RBI official said Kuber Mutual Benefit had col ...more
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