Two US-based Keralaites have also raised complaints against the EMCC over cheating them over a real estate project.
A native of Olavakkode in Palakkad, Sreejith Moolayil started True Elements in 2017. The startup is based out of Pune.
At a time when Covid pandemic created huge uncertainties in the global market, gold attracted global investors as a safe investment which also resulted in the shooting up of prices.
Diamonds have different prices at different places due to the lack of a uniform price. This difference in price has kept investors away from diamonds.
The government opposed his bail application, submitting that he was an accused in the case of cheating of investors in the gold jewellery business involving crores of rupees.
Unearthing the story behind the humongous Fashion Gold jewellery scam, involving Muslim League legislator M C Kamaruddin, that rocked Kannur and Kasaragod districts recently.
The survey points to different priorities for those over the age of 35 years and those below.
The changed situations call for a change in the investment philosophy. Investments play a major part in global finance.
GIC will invest Rs 55.12 billion for a 1.22% stake, while TPG Capital Management will invest Rs 18.38 billion to own a 0.41% equity stake in the retail arm.
The investment amount will be utilised for research, development, support and business expansion of Fokuz, Manodh Mohan, founder and CEO of Skyislimit Technologies, said.