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NATHELLA JEWELLERS
No protection for small depositors if jeweller defaults on gold schemes“Investors have no protection in these gold schemes if a company goes into liquidation. The deposit is usually a small amount, below Rs 1 l...- ED attached Rs 328-crore worth property of Nathella Sampath in money laundering caseNathella sells gold jewelry and “precious stones” at its retail outlets in T. Nagar, Velachery, Tambaram, Anna Nagar and Purasaiwalkam in C...
- Tamil Nadu: Depositors suffer as Nathella Jewellers shuts branchesNathella's gold saving schemes collect monthly deposits with the promise of jewellery that can be purchased with the proceeds once the inst...
- Jewellers wary of new gold schemes under Companies lawGold retailers bank on such schemes for working capital requirements and a guaranteed customer base. It’s the equivalent of interest-free l...
- It may be diamonds & platinum this Akshaya TritiyaAkshaya Tritiya, considered an auspicious occasion for investments in gold, might just turn out to be a ‘white’ affair this year.
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