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Investigation

Trouble inside Anurag Bhatia's money maze called Minance

Bhatia and his Bengaluru-based wealth-management company Minance are under scrutiny. Investors and former employees narrate instances of alleged mis-selling, default on payments, and related-party transactions. Add to it, dealings in high-frequency trading, fixed-income scheme, and unlisted shares. Bhatia refutes all the allegations and says he has received only one formal query from Sebi.
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artisingh
28 May 2020 20 Mins Read 30 comments
Anurag Bhatia, CEO, Minance; Image credit: Facebook
Anurag Bhatia, CEO, Minance; Image credit: Facebook
Prodigies are rare. Young geniuses who can prove arcane theorems, or chess grandmasters who can give Magnus Carlsen moves to think about, are not frequent occurrences. But such things can happen. In the investment business, young geniuses don’t come by so easily. But then not everybody is Anurag Bhatia, the wonder kid from Kolkata who started investing his parents’ savings
but I am not getting it encashed because I doubt it will bounce or something.” Part-II: From idea pitch to life-threatening calls: how two aspiring entrepreneurs got mixed up in a bizarre funding tale. Click here to read the full story. ( Graphics by Sadhana Saxena) (This story was updated with a clarification from INDWealth)
Prodigies are rare. Young geniuses who can prove arcane theorems, or chess grandmasters who can give Magnus Carlsen moves to think about, are not frequent occurrences. But such things can happen. In the investment business, young geniuses don’t come by so easily. But then not everybody is Anurag Bhatia, the wonder kid from Kolkata who started investing his parents’ savings but I am not getting it encashed because I doubt it will bounce or something.” Part-II: From idea pitch to life-threatening calls: how two aspiring entrepreneurs got mixed up in a bizarre funding tale. Click here to read the full story. ( Graphics by Sadhana Saxena) (This story was updated with a clarification from INDWealth)

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