The Bank, which collected Rs30 crore from investors, is believed to have charged an entry load of Rs25,000 for every Rs10 lakh invested
ABN AMRO Bank customers who had invested in the Osian Art Fund through the bank are now upset over the low returns and have accused the bank of not taking ownership of the entire process. According to sources, the Bank garnered Rs30 crore from its customers for the art fund, which totally raised Rs100 crore.
Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam
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In fact relationship Managers of the bank were seen advising the mother of one of their own employees to invest in stocks when the sensex was at 21000. They're great con men ... don't look at anyone's risk profile - just use the access they have to how much money you have in your account and land up at your house to pressure you into investing. That's how my Osian happened in 2006 ! I'm willing to go public on this.