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If you are interested in being involved in a class action to pursue funds in Australia at NO Cost to you, please express your interest by signing up and inserting your particulars below.
Have you lost money invested money with?
Pearls Agrotech Corporation Ltd or PACL
I understand that the former Chief Justice of India is conducting an investigation, however the only avenue to secure funds in Australia is to pursue civil action through the Federal Court in Australia. I have contacted the Indian authorities and they have failed to respond. The owners of the Pearl assets in Australia may take action to move funds and in particular to sell the largest interest in the Sheraton Hotel (approximate value $62 million). If I do not get investor support it is very likely that the proceeds of any sale will be distributed making it very difficult to return any funds to investors. If investors want me to act I suggest you contact me by providing your details so that I can contact you regarding the Class Action in Australia.
If you are interested in being involved in a class action to pursue funds in Australia at NO Cost to you, please express your interest by signing up and inserting your particulars above. Please tell the Indian lawyers acting for you that you wish to pursue this action in Australia.
My name is Niall Coburn, Managing Director of Coburn Corporate Intelligence Pty Ltd ACN 160 777 962 which is a corporate investigation firm based in Australia. I am conducting a due diligence on whether there is sufficient evidence to take proceedings in the Federal Court of Australia to obtain freezing orders in relation to approximately A$150 to 500 million of investor funds obtained through illegal collective investments schemes by Indian Nirmal Singh Bhangoo (Banghoo) and managed through its two main companies, Pearls Agrotech Corporation Ltd (PACL) and Pearls Golden Forests Ltd (PGF).
The PACL Group collected money by using hundreds of agents and under the use of at least two business names, Lotus Agricultural and Marketing Co-operative Society Ltd (Lotus) and Mesmeric Private Limited (Mesmeric) and others. Banghoo initiated the incorporation of other Pearls companies in Australia, the Pearls Group (renamed Miigroup in Australia). There were endorsements of the Pearls schemes in India by Australian international cricketer Brett Lee, there is no implication of wrongdoing by Brett Lee.
Bhangoo (Bhangoo), and other executives of the Pearls Group, were arrested in India recently for their part in the scheme that involves a complex money trail and alleged conspiracy with Government officials in India. The Pearls Group, after landing on Australian shores, changed its name to Miigroup in 2010 and transferred approximately AUD$150-$500 million from India to invest in property on the gold coast. This is nearly 25,000,000,000 Rupees.
The money trail of illegal funds from India led to the now cancelled sale of Miigroup properties including the Sheraton Mirage on the Gold Coast and other multi-million dollar developments in Brisbane, Australia. We are investigating how these funds were mixed with Indian investor funds and what action can be taken to recover anything for the Indian investors.
Niall Coburn of Coburn Corporate Intelligence
Pearl investors hold a protest in Mumbai
Click the below link for a PDF copy of the article.
Sheraton Mirage Resort/Hotel on the Gold Coast in Queensland Australia.
One of the Australian assets we believe is partly owned by the Pearl Group.
For more information about Niall Coburn and Coburn Corporate Intelligence please visit our website at
Coburn Corporate Intelligence Website
To contact Niall Coburn regarding the potential Australian Class Action please email niall@paclclassaction.com . |