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India: Realtors under Sebi scanner for fraudulent investment schemes

Posted on 25 March 2013

Suspecting investor frauds in the projects being launched by numerous real estate developers, capital markets regulator Sebi is probing them for possible violations of Collective Investment Scheme regulations.
The regulator has been flooded with complaints of investors being duped by the real estate companies promising huge returns in the projects proposed to be developed from the scratch through public money, prompting it to launch probe against 50-60 such developers, a senior official said………………………………………..Full Article: Source


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