Have you filed your complaint with RBI under ombudsmen , they take serious 
actions against such complaints if proved.
AV
________________________________
From: kdayaldasj <[email protected]>
To: [email protected]
Sent: Thursday, 25 June, 2009 3:41:19 PM
Subject: [bm] Andher Nagari Chopat Raja, No one is serious, bus desh chal raha 
hain.......





Here under is my complaint, Finance company to extract extra money from me, 
given sleep less nights from one year , I approached every concern person/ 
departments to beg for  justice, no one is serious, whole system is working 
with finance company, I lost all my hopes now…..
 
K Dayaldas J,
79, Everest Shopping Centre,
Opp.Railway Station,
Dombivli-West- 421202.
Tel.(m): 9322544941
Email: kdayal...@gmail. com
 
 
Shri Pranab Mukherjee,
Minister of Finance,
Govt.of India ,
New Delhi.
 
Re: Fraud in Banking & Financial Sector.
(Indiabulls implicated thousands of Maharashtra youths in bogus cheque bounce 
cases to extract extra money, RBI staff willfully omitted to discharge their 
duty to investigate the matter to protect the finance company)
 
I had taken Loan from Indiabulls Financial Services Ltd..f-60, Malhotra 
Building, 2nd floor, Conaught Place, New Delhi- 110 001. of Rs.25601/- by 
cheque bearing No. 431950 on 25/5/2007 (Loan A/c. No. S000179323) , and return 
back amount of Rs.22,600/- but just default in one of my EMI, Indiabulls 
misused one of the 10 blanks security cheques by filling false figure of 
Rs.28249/-  and also misused my signed blank loan agreement by filling false 
EMI figures of 30 instead of 24. Though I tried to settle the dispute by 
offering pending principal amount with me and also pending interest amount, but 
to extract extra amount from me Indiabulls implicated me in bogus cheque bounce 
case and filled criminal case against me in Patiala House Court , Delhi .  As 
it is very tough for me travel from Mumbai to Delhi to defend bogus cheque 
bounce case, finance company black mails me to pay Rs.33,892/ - more and 
uncharged interest. I made several complaints of Indiabulls
 to Department of Non Banking Supervision, R B I (Copy of complaint- 
Annexure-I), and Mr.R.R.Aggrawal, Astt. Manager,RBI, DNBS,  New Delhi just 
forwarded my complaint to Indiabulls in first six months, even my repeated 
complaints by writing letters, reminders, emails , telephone calls he not taken 
any interest to investigate my complaint, and tried level best to protect the 
dubious finance company ( I  am enclosing Annexure-II, here with the news 
reporting of various national news papers which reflect the how fraudently said 
finance company doing business in market.) and said officer by diluting my 
serious complaints given clean chit to Indiabulls.  I observed that Mr.Aggrwal 
not only did this with my complaint but there is system working not to take any 
action against Indiabulls and they technically dilute every complaint RBI 
received against Indiabulls. Indiabulls distributed small loans up to Rs. 
30,000/- to near about 4 lakh borrowers and to earn
 huge profit Indiabulls implicated thousands of Maharashtra youth borrowers to 
bogus cheque bounce cases in New Delhi Courts. As there is big amount involved 
in this there is whole system working with Indiabulls.
 
I here by request you to investigate this serious matter and do the needful.
 
Kindly acknowledge my complaint.
 
Thanking you,
 
Yours faithfully,
 
K Dayaldas J
 
 
 
 
Encl: 1). Annexure-I 
           2). Annexure-II
 
 
 
ANNEXURE- I
 
 
 
 
K DAYALDAS J,
79, EVEREST SHOPPING CENTRE,
OPP.RAILWAY STATION,
DOMBIVLI-WEST- 421202.
TEL:0251-6571691 (M)9322544941
EMAIL: kdayald...@gmail. com
 
August 7,  2008
 
 
The Chief General Manager,
Department of Non Banking Supervision (DNSB),
Reserve Bank of India , Central Office,
World Trade Centre,
 Mumbai 400 005. 
 
Re:  Complaint against Indiabulls Financial Services Ltd. F-60, 2nd floor, 
Malhotra Building , Connaught Place , New Delhi - 110 001.Ref: Loan Disbursal 
No. S000179323
 
Dear Sir,
 
I would like to bring to your kind notice that I had taken a loan amount of Rs. 
25,601/- from M/s. Indiabulls Credit Services Limited (Indiabulls Financial 
Services Ltd.) by cheque bearing No. 431950 dated 25/5/2007 .
 
The said company had obtained from me 10  blank cheques as a security for the 
said loan amount.
 
Sir ,  I had made the payment of monthly installment of Rs.1800/-  continuously 
for 10 months , but due to sickness of my mother who was admitted in ICU , in 
hospital I couldn't make the payment of one month viz. June , however at my 
request their recovery officer Mr. (Ram )Mahatre & Ramesh Patil  allowed me to 
make the payment of next ESC by cash .
 
It is highly regretted that without any intimation to me, the above said 
finance company has deposited one of my blank cheque bearing No. 78870 by 
filling the false  amount of            Rs. 28,249/-thereby the said company 
has misused my cheque. And now they are threating me  of legal action for 
bouncing of cheque under 138  case.
 
Further in spite of my repeated demands , the copy of the Agreement of loan has 
not been supplied to me by the above said finance company. There is possibility 
of misusing the said agreement , as they have taken the signs from me on  
printed agreement which contained several unfilled blanks in respect of very 
material terms. I am not aware as to what has been subsequently filled up in 
the blanks by this company. 
 
Further to bring to your kind notice that as per my Bankers accounts statement 
, the above said company has received all the monthly installments , for which 
I showed and submitted them the Xerox copy of my banks statements.  It is 
highly regretted that in spite of that the recovery officers of the company are 
pressuring me for the payments of such two installments which were cleared by 
me and have been giving me notices.
 
Being aggrieved, from the above said attitude of the company  I hereby approach 
you with a request to kindly intervene and get me relief from such unwanted 
situations, for which I shall remain highly obliged.
 
Thanking you,
 
Yours faithfully,
 
K Dayaldas J
 
 
 
ANNEXURE-II
 
 
R B I PROTECTING DUBIOUS FINANCE COMPANY
 
Here under are reports of newspapers about the Indiabulls, which shows the how 
finance company doing business. The said finance company implicated me and 
thousands of Maharashtra youths in bogus cheque bounce cases in New Delhi 
Courts to extract extra money. I raised and made complaint against Indiabulls 
with RBI by writing letters, emails, reminders, telephone calls, but I am 
disappointed that even though eight months has been passed instead of taking 
any action against Indiabulls, RBI not taking matter seriously, RBI responded 
all the times through only one officer who by diluting seriousness of 
complaints, with out any investigation given clean to Indiabulls and thus 
openly protecting the finance company. The whole system is working with India 
bulls.
 
 
1.Police restrained from arresting Indiabulls executives
http://timesofindia .indiatimes. com/Business/ India-Business/ Police-restraine 
d-from-arresting -Indiabulls- executives/ articleshow/ 4324836.cms
 
2.SEBI FINES INDIABULLS FOR FRAUDULENT PRACTICES.
Link:-
http://www.business -standard. com/india/ news/sebi- fines-indiabulls 
-for-fraudulent- practices/ 00/03/350132/
 
3. Delhi High Court refuses to stay investigation against Indiabulls officials.
Link:-
http://economictime s.indiatimes. com/articleshow/ 2935511.cms
 
4.FIR against Indiabulls for illegal transactions.
Link:-
http://www.accessmy library.com/ coms2/summary_ 0286-34107205_ ITM
 
5.Financial Services Firm in the Dock
Link:-
http://timesofindia .indiatimes. com/articleshow/ 2842494.cms
 
6.Despite SEBI inquiry , Court allows FIR against Indiabulls.
Link:-
http://www.expressi ndia.com/ latest-news/ despite-sebi- inquiry-court- 
allows-fir- against-indiabul ls-officials/ 412487/
 
7.Investors allege shares worth of crores vanished from their Indiabulls 
accounts in blink.
Link:-
 
http://mid-day. com/news/ 2009/feb/ 020209-Indiabull s-Securities- 
Limited-investor s-Delhi-news- alleged-fraud- selling-shares- without-info. htm
 
http://mid-day. com/news/ 2009/feb/ 020209indiabulls -investors- allege-fraud1. 
htm
7.Indiabulls asked us to fake it.
Link:-
 
http://www.mid- day.com/news/ 2009/feb/ 030209-News- Delhi-Courier- 
firm-employee- finance-company- south-Delhi- industrialist- Indiabulls- 
account.htm
 
8.IPO Scam , What, When, Who and How ?
Link:-
http://ibnlive. in.com/news/ ipo-scam- what-when- who-and-how/ 8980-7-single. 
html
 
9.Indiabulls , Forts undergo Income Tax searches.
Link:-
http://www.indianta xsolutions. com/main. php?t=28011985&d=1130310070
 
10.Fraud : Indiabulls men booked.
Link:-
http://cities. expressindia. com/fullstory. php?newsid= 85402
 
11. Indiabulls Co. charges 4.5 Crores Service Tax on Fake registration number.
Limk:-
http://www.allindia ntaxes.com/ ait-news- 145.php
 
12. Indiabulls Retail not paying some vendors.
Link:-
http://www.livemint .com/2008/ 12/12234548/ Indiabulls- Retail-not- paying-s. 
html
13.Indiabulls to pay up Rs.35,000/- as compensation.
Link:-
http://www.livemint .com/2008/ 12/12234548/ Indiabulls- Retail-not- paying-s. 
html
14.Pay us our dues now.
Link:-
http://www.manageme ntparadise. com/forums/ general-talks/ 4955-pay- 
us-our-dues- now.html
15.Vanished Funds.
Link:-
http://www.indianex press.com/ oldstory. php?storyid= 82800
 
 
 
 
 



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