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Pearls Ponzi Scheme Class Action

Mountain ranges | Shine Lawyers

Shine Lawyers is acting on behalf of tens of thousands of Indian investors, who were members of the Janlok Prathishtan of Pune, and who invested in the Pearls Group.

Pearls signed up tens of millions of Indian investors to investment schemes that were later determined to be scams, causing investors to be left billions of dollars out of pocket. The class action, lodged by Shine Lawyers in the Federal Court of Australia, has been brought on behalf of investors who collectively invested tens of millions of dollars in the scheme.

Related information:

Opt-out Notice - English
Opt-out Notice - Hindi
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2.1 - Janlok applicant's Amended Statement of Claim - 15.11.16
2.2 - SEBI's Statement of claim - 17.03.17
2.3 - First Respondents Defence - 20.06.17
2.4 - SEBI's Reply - 07.07.17
2.5 - Fifth and sixth respondents defence - 22.09.17

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