Luxury Sanctuary Cove residence to be sold to reimburse investors

  • INDIAN investors burned in one of the world’s biggest Ponzi schemes look set to get millions of dollars from the sale of a luxurious Sanctuary Cove mansion.

The house, on the waterfront at 1019-20 Edgecliff Drive, is being auctioned next month — furnishings and all.

It is owned by Pearls Infrastructure Projects Ltd, part of India’s embattled Pearls group, owner of the Sheraton Mirage Hotel.

READ MORE VIA GOLDCOASTBULLETIN

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Indian investors burned in one of the world’s biggest Ponzi schemes look set to get millions of dollars from the sale of a luxurious Sanctuary Cove mansion

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