Jun
25
Hedge Funds Alleging $1.5 Billion Fraud Fear They’ll `Bleed Dry’
By-
‘If we do nothing, we will largely bleed dry,’ Singh says
- Axon’s Dinakar Singh calls alleged fraud ‘astonishing theft’
Two high-profile hedge funds accused one of India’s biggest real estate developers of defrauding its foreign investors out of as much as $1.5 billion, potentially one of the largest private equity scams ever.
IREO Management engaged in a billion-dollar criminal conspiracy involving shadow companies, dumped documents and “astonishing theft,” according to Axon Capital and Christopher Hohn’s Children’s Investment Fund Foundation…
Hedge Funds Alleging $1.5 Billion Fraud Fear They’ll `Bleed Dry’
