I think there were a host of companies which decamped with billions of public mony starting right from CRB Caps to Anubhav Plantation to Hoffland FInance. AS we all know the legal system in India is so lax that almost everybody goes scottfree. CR Bhansali for your information was released on bail and so on...
Now coming to Lloyds Group, it has floated a finance company by the name of Lloyds Finance during the time of boom in NBFC’s and leveraging on the name of this Truly International group collected crores of Public Money. A few years back the company ran into problems and found itself in no position to repay the fixed deposits that it had taken from general public. There are thousands of investors who are still waiting for their money from this company. Fortunately some formula was reached and a time frame ranging from one year to five year(post maturity) was set up in congruence with the legal authorities, but then if you cannot access your money you need it the most then its as good as lost.
I feel the group is far from being international, its really unprofesssionally managed lala firm.