Obscure company offers to 'invest' $500 billion in national

Obscure company offers to 'invest' $500 billion in national infra pipeline, not operating from 'Bengaluru address'


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ANI |
Updated: May 24, 2021 22:57 IST
Bengaluru (Karnataka) [India], May 24 (ANI): An obscure company Landamous reality ventures, which gave front-page advertisement on Monday offering to invest 500 billion USD in the National Infrastructure Pipeline and non-NIP projects listed by central government, was not found to be operating from its Bengaluru address mentioned in a website.
In its advertisement, the company said it would like "to invest USD 500 billion in equity as the first phase of investment into the National Infrastructure Pipeline (NIP) and Non-NIP projects lined by the Government of India under the India Investment Grid for 'Invest India' initiative".
The website of the company lists the address of Landomus Realty Ventures Inc as Secaucus, New Jersey, USA. The website has no "about us" section and no clue about its promises of massive investments that are slightly less than India's current foreign exchange reserves. All that the website is lists four persons as "directors" apart from a chairman and CEO and five "advisors".

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