Foreign investors accuse Indian realty firm of siphoning off $147 million of their money: Report

first_imgForeign investors of an Indian real estate company have accused the firm’s management of “large-scale fraud” of at least $147 million (Rs 959 crore), the Washington Post reported on Monday. The company, IREO, has partnered with the Trump Organization to build an office tower project in India.Two global investment firms – the London-based Children’s Investment Fund Foundation and Axon Partners in the United States – filed a complaint with the Delhi Police in February. They accused Lalit Goyal, the company’s managing director, and co-founder Anurag Bhargava, among others, of “illegally siphoning off” up to $200 million (Rs 1,304 crore) of their money.Read it at Scroll Related Itemslast_img

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Accessing the Cook Islands just got a lot more com

first_imgAccessing the Cook Islands just got a lot more comfortable, with Air New Zealand upgrading its aircraft to operate a 787-9 Dreamliner on the direct Sydney –Rarotonga service, commencing late March.The aircraft will offer its award winning interior products including lie flat Business Premier beds and comfortable Premium Economy seats.The service also introduces Air New Zealand’s unique Economy Skycouch™ to the Sydney – Rarotonga route for the first time, allowing customers to book a row of three economy seats with customised footrests that raise to a horizontal position, creating a flat flexible space to stretch out and relax.The Sydney-Rarotonga service operates once per week and is six hours in duration, arriving Rarotonga early in the morning allowing for a full day of holiday enjoyment.The Cook Islands’ lagoons are home to a variety of marine life, protected and accessible to explore by glass bottom boat, snorkeling or diving.last_img read more

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