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ACGA features in mint: The mysterious UBOs surfing in India’s small-cap froth

Sharmila Gopinath, ACGA Specialist Advisor, India, features in a mint article – The mysterious UBOs surfing in India’s small-cap froth.

Sharmila's comments are quoted below.

“What really baffles me is that even after more than a year when questions were raised on lack of transparency into who is the ultimate beneficial owner of these Mauritius-based entities, there does not seem to be any change in the status quo. The market continues to be left in the dark as to who the final beneficiaries of these funds are,"

“Mauritius-based funds are still a blackhole for the regulator when they try to know the people who are behind these entities,"

To read the full article, please visit mint.