Boss of SKS resigns

Note: This section contains information in English only.
Source: BBC
© Scanpix/Reuters

Boss of Indian-based microfinance company SKS announced about his resignation after being accused of speculation. The company was top-performer on the Indian markets; the share price cost 1,304 rupees in August. However, the company was accused of charging exorbitant interest rates and using aggressive methods for debt collections. The share price lost 90% after accusations.

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