The promotional yield that promised 20% a year and bankrupted thousands
A 20% yield lured retired teachers to buy teak certificates in Chennai-how did a plantation pitch promise so much?
The promotional yield that promised 20% a year and bankrupted thousands
In this episode, we follow the rise and collapse of Anubhav Plantations Limited and the people who trusted its teak investment pitch. The episode traces the company’s founding, marketing, and the specific numbers and biology that made its 20% promise implausible-how did that gap go unnoticed for so long?
Date: December 2, 1998
Person: C. Natesan
Company: Anubhav Plantations Limited
Amount: more than 400 crore…
The skinny
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