Thai Investor Favorite, Group Lease Hit…

The Thailand-listed Group Lease PCL, which provides loans for poor peasants to buy motorbikes and agricultural equipment in several Southeast Asian countries and which has become a darling of Thai investors, is actually worth a fraction of its share price and could well in effect be little more than a Ponzi scheme, according to an exhaustive report issued on Oct. 11 by a mysterious organization calling itself Anonymous Equity.

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