We are almost there ...
How Hades Financial, a fake Saudi Arabian fund, duped many in India
The fund claimed to have $6.1 billion in assets under management, with offices across the world, and committed to investing $750 million in the country. The whole thing turned out to be an elaborate con.
02 September, 2024•13 min
0
02 September, 2024•13 min
0
Subscribe to read this story
We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.
Limited time offer $125 $99 for 1 year
SUBSCRIBE
Already have an account? Sign In
More in Internet
Internet
Lured by a get rich(er) quick scheme, HNIs allege TradeCred bluffed them
A row has broken out between invoice discounting platform TradeCred and a few investors over a default involving the popular startup Bizongo. This is the latest blow-up in a space that is driven by the allure of high returns and is a regulatory grey area.
You may also like
Internet
Dissecting the Byju’s fraud: Who owns Epic and Osmo?
The Bengaluru-based edtech company seems to have flogged its US assets multiple times over the years, putting a question mark on the ownership of the entities that stood guarantee for its $1.2 billion term loan.
Business
The private equity-fuelled Indian hospitals’ gold rush
Large and small private hospital owners are cashing in by selling to private equity investors, who plan to cash out big by selling to larger companies or public market investors.
