So is it better to stay invested and not redeem any appreciated value beyond 1 Lac at all or should I
come out of the investments now itself and park funds in say Fixed
deposits or other safer
schemes (perhaps in my parents» name as they are senior & non-tax paying).
Bandoian's report made the company sound like a classic Ponzi
scheme, as he wrote that «monies used for repayment appear to have
come directly from the funds received from lenders, as Cash Plus did not appear to have sufficient income - generating activities to support the interest payments on these
deposits and to pay staff and other operating costs.»