R400 cr that Masood fled with still untraced

Year on, City Limouzines head arrested for scam

Friends it has been proved that the association called “All India Speakasia Panelist Association” has been formed only to safeguard the interest of Speak Asia and not its panelists. You can not trust an association which claims to safeguard the interest of panelists and are yet to prepare MOA which will form the policies and agenda (see AISPA’s secretary Ashok Bhairwani’s comment .This association is mainly formed to misguide people at large. Its evident now that this association has been formed only on the behest of Speak Asia just to utilize the growing unrest among the people for their gain to come out of the clutches of law and run away




The legal firm appointed will send you a wakalatnama and the case will be put up collectively on the mailer’s behalf

Objectives:

1. Custody of website with an independent IT firm for investigation and to stop all the activities on website including anything to do with reward points further locking the reward point transfers.This will stop people from selling reward points to loot people further.
2. Appointment of CA firm to calculate the amount of reward points to be converted into payouts and get it ready for immediate bank transfer.
3. Appointment of ESCROW account with any nationalize bank and transfer all the frozen money into that account.
4. Freeze all the international accounts of saol and their promoter’s account including ceo and coo as they may have an active hand in siphoning money worldwide and get it back to ESCROW accounts 5)Pay people their money back for the reward points they have in their e wallet from the frozen amount with the help of CA firm and ESCROW account via bank transfer.
5. Appointment of a judicial committee who can validate business model, compensation plan, legal statute of saol and it can be done with people from different field comprising of director/ceo of market research companies, network marketing national/international consultants,legal advisory company, auditing firm, retired supreme court judge, representatives of EOW, CBI, RBIand MCA who can investigate and submit their report in 30 days.
6. Issue of red corner notice to bring in promoters of saol and its share holding companies in front of this judicial committee with all their non-disclosure agreements, balance sheets and all relevant documents so they can investigate and validate saol’s business module.

The biggest mistake we do is to try fighting emotionally..its high time we stop being a puppet and an emotional fool, get united and fight for our rights by legal and democratic means..stop fighting law and utilize it for your benefit…save yourself and your fellow speak asian
Your’s Truly

Speak Asian - Manas Robin

City-Barpeta, State - Assam

panelistforum@gmail.com

 

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Chit Fund

THIS IS A BIGGEST FRAUD COMPANY SO DON’T INVEST YOUR HARD EARN MONEY KARAN THAKUR, PREETISHALWASHI,RAJESH SING IS A No1 FRAUD PERSONS  SUPPOSE YOU INVEST THIS COMPANY PLEASE RETURN BACK YOUR AMOUNT IMMEDIATELY THIS IS FRAUD FRAUD FRAUD.

N Mart CMD Arrested

Hyderabad: Andhra Pradesh police arrested Gopal Shekhawat on the basis of complaints of fraud against the nation’s leading retail Chain owner of N-Mart on Tuesday morning around 11.30 in Bollywood style. Gopal Singh Shekhawat was with his wife at the time of arrest.



Later by road he was taken to Mumbai from Surat. As per N Mart’s management office located in Surat, Gopal Singh Shekhawat was presented in Mumbai local court where the court has released him on conditional bail. After hearing the news of arrest whole N Mart associates were in confusion and chaos but late in the evening after the news of his bail spread, everyone was in sigh of relief. Due to this new development, Hyderabad police could not take him to Andhra Pradesh.

On Tuesday morning with his wife, Gopal Singh Shekhawat went to a local area hospital for a regular check-up. When he came out of the hospital with his wife, the Andhra police surrounded them in filmy style and took them away. His driver opposed them but could not do much. The way the whole incident took place many presumed that Gopal Shekhawat has been kidnapped. The moment driver realised that, he immediately reported the information to their families.

later the case was reported to the Surat local police. The local police registered a complaint against Hyderabad police because they did not inform them in advance as per given law. After this Andhra Pradesh realised their mistake and immediately faxed was sent to Surat Police.

N Mart CMD Arrested

33 Chit Fund companies sealed at Gwalior – Madhya Pradesh(M.P). Administration and police in the city, with a combined team on Monday did raid over two dozen of corporate offices of Chit Fund Companies and seized a large number of records. The records related to the business of these companies have been asked to present in two days.

Administration and police in the city, with a joint team on Monday did raid over two dozen of corporate offices of Chit Fund Companies and seized a large number of records. The records related to the business of these companies have been asked to present in two days.

Collector Akash Tripathi and SP Makrand Deuskar in the afternoon finalized the action of raids on Chit Fund companies. Eight teams have been formed to investigate. Earlier, the SP and the Collector sent a letter to DIG about the police investigation on these Chit Fund companies and pointed to the police investigation was being lazy. During the first investigation the collector have already submitted report on 31 Chit Fund Companies (non-banking), this report was submitted to Superintendent of Police four months ago but only 11 cases have been presented in the court. Except for four companies, the process of giving notice is on the way.

The company operators and owners of these Chit Fund Companies are threatening investors. Such complaints have been reached last week to police and administration. Violence is also mentioned in the complaint when investors asked for money. The investigation teams found that during the raid, an official said that Skylodge Land Developers was accepting payments with an agreement. The record of Sai Prasad properties shows that it in four years they collected Rs.11 crores at Gwalior.

These are missing companies: Arbien Company Lalitpur Colony, MKD Developers Shinde camp, Ram Towers Shinde Camp, Royal Sun India Developers Bhagwan Colony Murar.

These are the instructions: the ongoing investigation against the companies should be completed immediately. A case should be registered under section IPC 420.

What the Act says: RBI Act of 1934 Section 45-1 (A) according to the Reserve Bank, without permission from RBI any non-banking company cannot accept funds from public. Madhya Pradesh Nispakesh Act. Protects the interest of the investors under companies Act, 2000. Additional rights have been given to SP, Additional Superintendent of Police to take action against Chit Fund Companies.

Police have conducted raids at the office of two companies here who were allegedly collecting money from people in rural areas on the promise of trebling it within six years.
However, police could not find managers or proprietors of the two companies -- Sai Prasad Food and Sai Prasad Properties during the raid yesterday. No one could provide information regarding the accused.
Computers found at the offices had been sealed. Besides, police have written to concerned banks to seal their accounts.
It was informed that the directors of the companies are from Pune. Recently, the companies had opened branches at several places in Madhya Pradesh. Their premises were raided following information that they had collected crores of rupees from nearby districts. Company agents used to visit people in rural areas and collect money on the promise of trebling the amount in six years. These agents used to get 20 per cent of the amount as commission.

Sai investors urge CM to intervene in Real Estate fraud case

BHUBANESWAR: Demanding a high level inquiry into the Real Estate fraud case by Sai Pragati Assets and Properties (SPAP) and S Virgin Worldwide Concept Pvt Ltd, the investors of the companies staged a dharna at Lower PMG here on Thursday and later in their memorandum to the Chief Minister urged him to intervene into the matter.
Among others, investors including Abhimanyu Nayak, Aniruddh Mahapatra, Prasant Kumar Routray and others were leading the rally.   

Today saw, fraud investment co. NGHI looted people of India, through floating following scheme,
Requesting you to all Indian fellows, dont invest hard earned money this type of fast making rich scheme, you will always get cheated by these fraud peoples.

Banned by Sebi

Shri Rajeev Kumar Agarwal, Whole Time Member, SEBI has passed an ad-interim ex-parte order on July 09, 2012, in the matter of NGHI Developers India Limited (NGHI) with the following directions:

i. NGHI and its promoters and directors including Mr. Pipal Singh, Mr. Bakshish Singh and Mr. Avtar Singh shall immediately stop collecting money, directly or indirectly, from investors under the plans/ schemes offered by it and as identified in the Order or launch any such further plans /schemes in the nature of a 'collective investment scheme'

ii. The properties/assets which have been owned or acquired in respect of or in pursuance of the plans/schemes or earmarked/allotted to the investors under the plans/schemes, shall not be disposed of by NGHI without prior permission of SEBI

iii. NGHI, its promoters and directors including Mr. Pipal Singh, Mr. Bakshish Singh and Mr. Avtar Singh are prohibited from buying, selling or otherwise dealing in the securities and are restrained from accessing the securities market, directly or indirectly, or in any manner whatsoever. Further, they shall not be associated with any intermediary registered with SEBI.

iv. NGHI shall deposit the money collected from the investors under its plans/schemes identified in the Order in a separate bank account within a period of 3 days from the date of the Order. A report to this effect shall be filed within 3 days of making such deposit. It shall not withdraw the money so deposited without the prior permission of the SEBI in writing in this regard.

v. NGHI is restrained from replacing the certificates issued by Nicer Green Forests Limited with its bonds or any other instruments by whatsoever name called.

vi. NGHI shall, within 7 days of receipt of the order, provide the details/documents as required by SEBI vide letter dated September 08, 2011.

NGHI, having its registered office at F-117, 1st Floor, City Star Complex, Central Spine, Vidyadhar Nagar, Jaipur was found to be related to Nicer Green Forests Ltd. (Nicer Green) which had been held by SEBI vide its Order dated November 09, 2010 to have been operating unregistered Collective Investment Schemes. Hence, Nicer Green had been directed by SEBI vide the Order to wind up its existing collective investment scheme(s) and refund the money collected by it under the scheme(s) with returns which were due to the investors as per the terms of offer within one month from the date of the SEBI Order. The said proceedings against Nicer green are still ongoing. Based on a complaint it was found that NGHI is letting Nicer Green substitute the certificates issued to Nicer Green’s investors with the bonds of NGHI. It thus prima facie appears that NGHI is being used by Mr. Pipal Singh and Mr. Bakshish Singh, Directors of NGHI, as a vehicle to subvert the SEBI order against Nicer Green.

NGHI has also been prima facie found to be launching/floating/sponsoring 'collective investment schemes' in violation of the provisions of the SEBI Act, 1992 and the SEBI (CIS) Regulations, 1999. It is noted that agricultural lands are claimed to be sold to poor villagers/farmers who invest their hard-earned money pursuant to investment contracts that are in the nature of 'collective investment schemes' of NGHI.

While the aforesaid directions take effect as on the date of the order, the company and its directors may make their submissions, if any, within twenty one days from the date of receipt of this order.