Indian government stings company cheating investors with jatropha

July 17, 2014 |

In India, the government regulator Sebi has found Sunshine Global Agro Limited (formerly known as Sunshine Forestry Private Ltd) cheated 40,000 investors who were told that by investing 1,000 rupees in a jatropha seedling, they would be worth 3,000 rupees seven years later. The scheme has also included goats, cows and emu birds in an attempt to shore up investors.

 

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Category: Fuels

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