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In 2008, the SEBI commenced litigation against osian due to its not having filed any papers for the art fund (Osian countered that their art fund did not fall under SEC's purview). In 2011, as investors from India and Dubai realized that they would not get their promised returns and were in danger of losing their principal, they started to file suits against Osian's art fund in Mumbai and in London.[1]
As of 2017, Osian's continues to function through its New Delhi office.[2]
References
- ^ "SAT allows investor to be part of Osian art fund case". The Economic Times. 2014-06-18. ISSN 0013-0389. Retrieved 2024-04-12.
- ^ Nag, Ashoke (2006-08-09). "Osian's stocks up on Hollywood memorabilia". The Economic Times. ISSN 0013-0389. Retrieved 2024-05-31.