Move
was made after both companies entered a strategic tie-up
Non-banking financial services
firm Money Matters has been renamed as Capri Global Capital following both the
companies entering into a strategic tie-up and has appointed Qunitin E. Primo
III, as Non-Executive Chairman on its board.
Qunitin E. Primo III is
currently Chairman and Chief Executive Officer of Chicago based Capri Capital
Partners LLC (CCP), which is a $3.4 billion fund in real estate and structured
equity investments.
“With Quintin coming on board,
we plan to aggressively expand our operations and launch new products including
expansion of lending portfolio to MSME segments as a part of diversification
strategy with special focus on priority sectors,” said CCCL – India’s Managing
Director PH Ravikumar while adding that the company plans to deploy around 1900
crore rupees under MSME & priority sector lending by the end of 2016-17.
In 2010 controversy surrounded
Money Matters as its then chief executive was arrested by Central Bureau of
Investigation (CBI) on the allegation that the company has bribed or attempted
to bribe bankers to get loans for many companies.
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