Indian government stings company cheating investors with jatropha

In India, the government regulator Sebi has found Sunshine Global Agro Limited (formerly known as Sunshine Forestry Private Ltd) cheated 40,000 investors who were told that by investing 1,000 rupees in a jatropha seedling, they would be worth 3,000 rupees seven years later. The scheme has also included goats, cows and emu birds in an attempt to shore up investors.

 

Category: Fuels