One of Brazil's richest and most powerful men, Chiquinho Scarpa stunned the world when he announced that he was burying his million-dollar Bentley so that he could lead his later life in style.
It attracted a lot of media attention, mostly negative and was strongly criticized for its extravagant gesture and the destruction of a valuable vehicle.
Why won't you donate the car?
How far is this gentleman from reality?
Moments before he landed his Bentley car ready to bury....it was then that he made a statement that he would not bury his car and then revealed his true motive behind the whole thing was to create awareness for organ donation.
Gold is considered to be an important asset, a hedge against inflation and an immediate source of cash especially for the rural households in India. Gold is used as collateral to earn money for short term needs.
2/ Most of households do not sell gold ornaments; instead they pawn it for immediate use. In 2019 India accounted for 16% of the global gold demand. Kerala has the highest per capita consumption of gold and has the highest inflow of remittances among Indian states.