Nirmal singh bhangoo biography definition
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Pearls Group Owner Passes Away; What Happens to 5 Crore Investors He 'Scammed' in Rs 45,000-Crore Chit Fund?
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Out of these 5.5 crore investors, only 21 lakh people were refunded with their money, while the rest 5.25 crore investors are still waiting for a refund.
Nirmal Singh Bhangoo once sold milk door-to-door on a bicycle in Chamkaur Sahib village, Ropar, Punjab.
Nirmal Singh Bhangoo, who went from being a milkman to the owner of a financial firm and then executed the Rs 45,000 crore chit fund scam, died on Sunday at a Delhi hospital due to illness.
Nirmal singh bhangoo biography definition
The Pearls Group founder, who was lodged in Tihar Jail, was admitted to the hospital after his health deteriorated. His death has left a cloud of uncertainty over the fate of 5.5 crore investors, many of whom are still waiting to recover their lost savings.
Out of these 5.5 crore investors, only 21 lakh people were refunded with their money, while the rest 5.25 crore investors are still waiting for a refu