Behind $500 billion investment ad, property firm with a chequered past
India Today
On Monday morning, Indians woke up to an unbelievable advertisement from a purported US-based firm, offering "first phase of investment" worth $500 billion.
In 2014, the Joint Statement between India and the United States governments officially set a goal of achieving shared bilateral trade worth $500 billion. Since then, both countries have come a long way but still stand far from achieving that goal. However, on Monday morning, Indians woke up to an unbelievable advertisement from a purported US-based firm, offering “first phase of investment” worth $500 billion. The conspicuous advertisement published on behalf of “Landomus Reality Ventures Inc” in several editions of a national newspaper was directly addressed to the Prime Minister of India. However, digital footprints of the firm’s past records cast doubt on its track record and business promises. Although the newspaper advertisement was published in the name of a Landomus USA, the company is also registered with Registrar of Companies, Bangalore. India Today TV visited the registered address of the firm in Bengaluru but did not find its offices at the location. Even the people who had offices nearby did not recognize the company.More Related News