Defaults In Corporate Fixed Deposits
  • Elizabeth George
  • Oct 01 2013

September 27: A fixed deposit with 15% returns on investment seemed a wise investment option, but now investors are crying foul as months pass into years with no signs of refunds. Our After mopping up crores of money a clutch of small investment companies have either shut shop, have been told to wind up operations by regulators or are burdened with huge debts. We find that there are no whereabouts of the company owners and investors are left high and dry after making seemingly safe investments.