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Market regulator, Securities and Exchange Board of India (SEBI), has announced the auction of 61 properties belonging to the Saradha Group on 17 July, with a reserve price of over INR26.22 crore ($3.5m). The proceeds will be used to recover funds raised through an illegal chit fund operation that collapsed in April 2013, allegedly causing losses of nearly INR40bn ($534m). The properties include land parcels in West Bengal, and the auction will be managed by online classified-ads company, Quikr Realty, with C1 India as the e-auction provider.
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GME stock is in the spotlight following insider buys from Directors Lawrence Cheng and Alain Attal. Here's what you need to know.
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