NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky, LLP is investigating Amira Nature Foods Ltd. (NYSE:ANFI) in connection with possible breaches of fiduciary duty by the Board of Directors of the Company.
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The investigation stems from allegations made in a February 9, 2015 report from Prescience Point Research Group (“Prescience”). In this report Prescience suggested that: (a) Amira Nature Foods had overstated its India-produced Basmati rice revenue by at least 116.9% in 2014, citing Indian government reports on Basmati rice exports; (b) the Company had engaged in material related-party transactions, including with its largest distributor, one of its largest suppliers, and a company from which it intended to buy a $30 million parcel of land; and (c) Amira Nature Foods’ CEO used company resources for personal use.
If you own common stock in Amira Nature Foods and wish to obtain additional information about the investigation and our efforts to assist shareholders in recovering their losses, please contact Eduard Korsinsky, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/amira-nature-foods-anfi.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits and have helped shareholders recover millions of dollars in losses over the years. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.