Ive sent the followipng email to Radiant Cash’s management …I havent received a resonse yet.
“Dear Sir/Madam
I write this email to you, seeking clarity on the ’ Network Cash Management’ services provided by your company; of which Im an investor.
As I understand it, there is a risk of the said vertical/business being fragile in nature; as the concerns/risks flowing from money laundering or aid or abetment of money laundering can be huge, in such cases; especially when the transactions involve opening of multiple bank accounts and explaining the money trail. If you have followed the news on the ED going after the money transfer institutions in Kerala, you would know why this concern is huge.
I would like to know the Standard Operating procedure(s) followed by you, in this regard and the Management’s views on the justifiability of taking such huge risks, that open a can of worms on the regulatory side.
I would be glad if you could allay my concerns on this matter .I understand that the Management team has very high credibility, but I wanted to be sure that your cost benefit analysis on this vertical, factors in a possible structural risk to the existence of the business .
Yours Sincerely,
Adarsh “
| Subscribe To Our Free Newsletter |
