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Community trust

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Business Standard New Delhi
Last Updated : Dec 05 2013 | 9:08 PM IST
A southern company is struggling to repay thousands of small investors from whom it has raised several crores of rupees. A large number of these investors come from the same community as the promoter. Incredibly despite their hardships, these investors are not ready to initiate legal proceedings against him because they all believe that a person from that community will be god-fearing and won't cheat. A financial services professional from the same community, who has seen the world of finance from the inside, is convinced that the promoter is misusing this faith and getting away with the scam. But his view has no takers.

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First Published: Dec 05 2013 | 9:08 PM IST

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