Civil lawsuits and government investigations involving the company continue in multiple venues in the country.īut in the US, Helios and Matheson Analytics (HMNY), a company born out of an HMIT acquisition that still has strong links to some executives who led the Indian company, is selling a different story - that of the moving picture and the silver screen. In India, HMIT stands accused of defrauding at least 5,000 creditors, including banks and senior citizens. Many have lost faith that it will ever arrive. It continues there as thousands of creditors await the money promised to them years ago. "See the light," a corporate slogan, flickers on the website of India's Helios and Matheson Information Technology, even now that the company's telephones have dropped out of service and its email inboxes spit back inquiries with a message: "Address not found." ![]()
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