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Not to worry, assets exceed liabilities, Kuber group tells investors

Kuber Mutual Benefits Limited has refuted certain reports that chairman of the Kuber group P K Sharma and director M M Sharma were absconding.

The company has been in the news for allegedly going into the red and duping its investors to the tune of several millions.

Director of KMBL, A Sharma, said in a media statement that ''the news items are totally incorrect and have been issued without even an attempt to verify the facts''.

It said while the chairman was presently in Allahabad in connection with certain official assignments, the director was regularly attending office and has also appeared in certain television interviews.

The company reiterated that it has assets substantially in excess over its liability. In order to discharge its obligation towards investors, the company was taking all necessary steps to generate necessary funds from its assets.

UNI

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