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Dear ck.kislay,
You are subscribed to the thread "Indian Stock Advice Trading Strategies Trends Market Predictions & Regulations" by pcpune, there have been 6 post(s) to this thread, the last poster was ukdoctor.
https://www.indianrealestateforum.com/forum/city-forums/pune-real-estate/9993-indian-stock-advice-trading-strategies-trends-market-predictions-regulations
These following posts were made to the thread:
https://www.indianrealestateforum.com/forum/city-forums/pune-real-estate/9993-indian-stock-advice-trading-strategies-trends-market-predictions-regulations
Posted by: iceemani
On: February 17 2018 10:48 AM
[QUOTE=revhappy;n2582571]The number of frauds in India is alarming. First Singh brothers then Nirav and now OLA. I guess, anyone who is in position of power in India will try to cheat, this is why you shouldnt place trust on anyone with your money in India. Diversify abroad. [/QUOTE]what is your rationale to believe abroad is safe? i could even think of cryptos based of blockchain as an alternative as it is marketed to have the ability to avoid fraud transactions.
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/pune-real-estate/9993-indian-stock-advice-trading-strategies-trends-market-predictions-regulations
Posted by: revhappy
On: February 17 2018 11:22 AM
[QUOTE=iceemani;n2582775][QUOTE=revhappy;n2582571]The number of frauds in India is alarming. First Singh brothers then Nirav and now OLA. I guess, anyone who is in position of power in India will try to cheat, this is why you shouldnt place trust on anyone with your money in India. Diversify abroad. [/QUOTE]what is your rationale to believe abroad is safe? i could even think of cryptos based of blockchain as an alternative as it is marketed to have the ability to avoid fraud transactions. [/QUOTE]Abroad is more diversified. Law enforcement is better. India is after all an emerging market. The common thing about emerging markets is corruption. Recently there was news about South Africa president having to resign because of corruption. Coincidently behind that too people of Indian origin, the Guptas! I am glad, I bought 10% gold recently using Indian money. Times like these gold is comforting. Yesterday, Indian rupee and markets fell due to CAD woes and this scam sentiment hit. So far 30% of my assets are not correlated to India or rupee. I wish the diversification was higher.
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/pune-real-estate/9993-indian-stock-advice-trading-strategies-trends-market-predictions-regulations
Posted by: TruthSeeker1
On: February 17 2018 11:58 AM
[QUOTE=Manoj2012;n2582677][B]How The 11,400 cr. Import Ponzi Scam at PNB Unfolded[/B] [B][URL="https://capitalmind.in/author/deepakshenoy/"]Deepak Shenoy[/URL][/B] 16 February, 2018 [IMG]https://capitalmind.in/wp-content/uploads/2018/02/PNB-Scam.png[/IMG] There's a huge "fraud" at Punjab National Bank, which involves a lot of lies by a lot of people. Here's where we come in to explain what we think happened. But first, a few important notes:[LIST][*][B]There's no reason to pull your deposits or money out of Punjab National Bank[/B]. The bank may have to take a loss, but the government has a stated policy that no public sector bank will fail, so your deposits remain protected.[*]The fraud is not 11,000 cr. In this case the hit on PNB will probably be lesser in size. But it seems that this is "standard practice" among all public sector banks, which means it's probably much more in size if you outrage against the practice. Also remember that if everyone's doing it, it's easy to pretend it's not a fraud.[*]The main culprits here are the top management of the bank and the auditors. How they could NOT have caught this is simply beyond rational imagination – and therefore points to people knowing it but letting it continue.[/LIST][B]The Scam, and How It Stands[/B] Punjab National Bank announced a big fraud of Rs. 11,000 cr.+ in a surprise letter to the stock exchanges. [URL="https://capitalmind.in/wp-content/uploads/2018/02/Letter-PNB.png"][IMG]https://capitalmind.in/wp-content/uploads/2018/02/Letter-PNB.png[/IMG][/URL] And then, it apparently shot off a message to a bunch of banks, blaming a now retired employee for raising fraudulent Letters of Undertaking for over six years. And blaming the people who received the funds, companies owned by a jeweller named Nirav Modi, and in another case, those owned by Mehul Choksi, such as the publicly listed Gitanjali Gems. Nirav Modi is Choksi's nephew. (As trivia: Nirav Modi's brother, Nishal, is married to Ishita Salgaokar, who's Dhirubhai Ambani's grand-daughter through his daughter, Dipti) Here's PNB's message, in a tweet by Siddharth Zarabi [URL="https://twitter.com/szarabi/status/963828635881934850/photo/1"][IMG]https://pbs.twimg.com/media/DWA0_7gWsAAWeWq?format=jpg&name=360x360[/IMG][/URL][URL="https://twitter.com/szarabi/status/963828635881934850/photo/1"][IMG]https://pbs.twimg.com/media/DWA1BAnW4AAKXEP?format=jpg&name=360x360[/IMG][/URL] [/QUOTE] this is what happens when gov which cant even run public toilet tries to runs some the biggest banks with tax payer money... no accountability no checks and balances.. When you Socialise losses and privatise profits there will be zero accountability.... This PNB fraud is tell tale sign of worse things to come... IF people think this only happened at one branch in PNB i have couple of bridges to sell them....
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/pune-real-estate/9993-indian-stock-advice-trading-strategies-trends-market-predictions-regulations
Posted by: Manoj2012
On: February 17 2018 06:00 PM
[SIZE=18px][B]If this weapon is attached to the Aadhar data and the program is set to be done immediately , then what will anyone do ? You will continue to give thanks to humanity and they will have passed their jihad! [url]https://youtu.be/GkhCgIznVHo[/url][/B][/SIZE]
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/pune-real-estate/9993-indian-stock-advice-trading-strategies-trends-market-predictions-regulations
Posted by: Manoj2012
On: February 17 2018 08:34 PM
[QUOTE=TruthSeeker1;n2582792] this is what happens when gov which cant even run public toilet tries to runs some the biggest banks with tax payer money... no accountability no checks and balances.. When you Socialise losses and privatise profits there will be zero accountability.... This PNB fraud is tell tale sign of worse things to come... IF people think this only happened at one branch in PNB i have couple of bridges to sell them....[/QUOTE] [url=https://postimages.org/][img]https://s14.postimg.org/o6zb3tyrl/Capture.jpg[/img][/url]
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/pune-real-estate/9993-indian-stock-advice-trading-strategies-trends-market-predictions-regulations
Posted by: ukdoctor
On: February 18 2018 06:59 AM
[QUOTE=iceemani;n2582775][QUOTE=revhappy;n2582571]The number of frauds in India is alarming. First Singh brothers then Nirav and now OLA. I guess, anyone who is in position of power in India will try to cheat, this is why you shouldnt place trust on anyone with your money in India. Diversify abroad. [/QUOTE]what is your rationale to believe abroad is safe? i could even think of cryptos based of blockchain as an alternative as it is marketed to have the ability to avoid fraud transactions. [/QUOTE]Sold a fair bit of my stocks in India in mid Jan as I had posted on the forum. Transferred the funds to the UK and put it in crypto . Have had a 50% gain in crypto in less than a month. Bitcoin is nearly 100% up from its lows . PS: Didn't catch the bottom of the crypto crash as I also bought into the FUD. Lowest I managed to buy BTC was around $7000. Its now $11200
With warm regards,
Team IREF
With warm regards,
Team IREF
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