02-05-2013, 12:40 AM
Aside from some of the employees are not having work visa, sunfeast's trade liscnce does not allow it to have this kind of business operation (accepting investors aka our deposits).
One reliable source told me it requires 4M bond to dubai government. During the "raid", the CID asked for that but Kumar cannot present it coz there's none.
One posted here 40M, some 2M, don't really know the correct amount. whatever it is, sunfeast doesn't have a bond. they need to produce it plus the fines for not doing so in the first place, only then it will be considered a valid business. And u think this can be solve soon and on Saturday were back to business? I don't think so.
One reliable source told me it requires 4M bond to dubai government. During the "raid", the CID asked for that but Kumar cannot present it coz there's none.
One posted here 40M, some 2M, don't really know the correct amount. whatever it is, sunfeast doesn't have a bond. they need to produce it plus the fines for not doing so in the first place, only then it will be considered a valid business. And u think this can be solve soon and on Saturday were back to business? I don't think so.