POSTED BY November 20, 2012 11:07 am COMMENTS (3)ON
Investment agents in rural areas of Bihar are offering an investment plan in Falkon induestries in which company is promising 10 times return in 13 and half years. One agent showed me me details of an already issued debenture of Falkon industries in which company has issued 400 units for 40,000 rupees whise redemption value is 4,00,000 rupees after 13 years and 6 months. If I calculate the return on investment, then it comes out to be nearly 18.6%. I searched on net about the company but other than a very basic website (http://www.falkonpariwar.com/), I could not find anything else. It is a fraud company?
The company claims to have businees in FMCG, Real Estate and many other sector while it was formed just 3 years ago. Can you please suggest whether it is safe to invest in this company?