You are here: Home >> English News & Features >> BUSINESS & ECONOMY

47 assets of Ponzi scheme Citrus Check Inns attached

DNMUM416135 | 6/14/2018 | Author : Manju AB | WC :431



Mumbai: Thousands of investors who put their money into two Mumbai-based Ponzi schemes Royal Twinkle Star Club and Citrus Check Inns Ltd have reasons to cheer after the Maharashtra government attached 47 properties of the company in Maharashtra and Karnataka.
The promoter Om Prakash Goenka, who has stakes in chains of premium restaurants including Farzi Café, Falafel, Rajdhani, Smoke House Deli and Mad Over Donuts, is now behind bars after the Economic Offences Wing (EOW) arrested him last month.
The state home department said in its order that the government is convinced that the companies are not going to return the money so it is attaching the said properties.
The deputy collector of Mumbai, who will be given the author
Read full story


Copyright restricted. Under license from www.dnasyndication.com   
Add To Lightbox
Calculate Price

More on BUSINESS & ECONOMY

Midsize Samurai
DNMUM416667 | 6/22/2018 12:00:00 AM | Author : Jay Patil | WC :931

Japanese major Toyota finally entered the mid-size sedan segment with the Yaris. Rivalling some of the most established cars in the segment, the Yaris has a tough challenge ahead with Maruti, Hyundai and Honda. On paper, the sedan seems t
Add To LightboxCalculate Price

Born in the USA
DNMUM416668 | 6/22/2018 12:00:00 AM | Author : Arun Nadar | WC :651

The Harley-Davidson Low Rider is among the iconic American brand’s most popular motorcycles ever since made it made its debut in the 1970s. Given its straightforward and uncluttered lines, the Low Rider was also preferred by custom motorc
Add To LightboxCalculate Price

Hyundai Creta
DNMUM416669 | 6/22/2018 12:00:00 AM | Author : Jay Patil | WC :478

Hyundai’s premium SUV was an immediate hit when it was launched in 2015. Buyers took to the SUV‘s styling, high ground clearance, quality interiors and the ease of driving it offered. So much so, even the premium pricing didn’t really aff
Add To LightboxCalculate Price

New agri market reforms not finding favour with stakeholders
DNMUM416679 | 6/22/2018 12:00:00 AM | Author : Praveena Sharma | WC :419

New Delhi: Several government initiatives to address the flaws in the current agriculture marketing mechanism have not made much headway.The major ones like electronic National Agriculture Market (eNAM) and the new Agriculture Produce and
Add To LightboxCalculate Price