Bigger India

Global Law Firm Comes to The Rescue of Indian Ponzi Scheme Victims

The scheme involved the Pearls group of companies and its founder Nirmal Singh Bhangoo accused of duping at least $8.3 billion from 58 million unsuspecting Indian investors.

In some respite for India victims of one of the world’s biggest ever financial scams, they will now be able to claw back some of their losses from an overseas ponzi scheme with the help of global law firm, DLA Piper.

The law firm represented the Securities and Exchange Board of India (SEBI) in the second of the two proceedings before the Federal Court of Australia.

Read it at SBS

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