The Traderszone Network

Published in TZ Latest News 30 January, 2016 by The TZ Newswire Staff

Exclusive: India’s Sahara uses small savers to keep hill resort afloat

India’s embattled Sahara conglomerate has been funneling cash from small savers to fund one of its biggest projects, a luxury resort south of Mumbai, according to documents Reuters reviewed. Sahara has ploughed at least 15 billion Indian rupees ($221 million) from two of its credit cooperatives into the Aamby Valley resort project through investments in preference shares, according to documents filed with India’s companies regulator.

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