Lotus Gilts Global Inc — Fraud and cheater. | |||
On 1 sept 2015, i received a letter from the above company.Donot entertain any letter you receive from this company.The owner Sharat Jain and his wife Rachna Jain along with three other Jains have opened this fake company.The leak information of your shares from ICICI bank and send you a letter saying u have the last exit option for redemption of your bonds.Many people have been fooled including me by this letter and have send their bond to them before investigating these frauds.The bank personnel and the marketing agency both have a nexus with the frauds and they are the ones who give them your bond information and address.after sending them the bond, the ageny cross checks and asks u i[censored] have pemitted the transfer.yes it is the transfer not redemption, the transfer bond to Rachna Jain.These people don't have any real job.They send these misleading letter to u and misguide you to send them your bond paper.the bond have not yet matured, the promise you to give them half the amount to mature as if they are doing some good for you.meanwhile you would be in the wrong impression from the sent letter, that if you don't avail the exit option u may not get any money.They have no real work in the world and their source of living is feeding on some one else's savings.beware of these cheats.once u r trapped its very difficult to get your bonds back. Was this information helpful? | |||
 6 Comments | |||
Comments
Lotus Gilts Global Inc. is into buy-back o[censored]nsecured bonds issued by banks & institutions. We make offer to investors by sending letter. It is clearly mentioned in letter that this is Exit Option- i.e., option of investors to avail. The offer is optional and all terms & conditions of bonds are as per terms of prospectus. We buy the bonds on our own from those investors who wish to sell now. It is an offer from our side & not the call option from the companies. The offer is optional & not compulsory. The company has not yet closed the bonds & they are still on till maturity & it is the prerogative of investors to avail this offer. The circular was sent in Regional & Hindi language also for ease of investors who do understand English. The circular is to provide prompt & efficient service to bondholders who do not know as to how to dispose off their bonds in case of immediate & urgent need of money by them, since the debt market in India is at a very infant stage and, Icici series bonds are not traded on any Exchange. So, the investors have no option in case any one wishes to get exit out of the same. Our circular letter is to inform the general public at large that we are dealing into bonds. In the circular, it is mentioned that in case anyone is holding such bonds and wish to avail exit option, they may contact us for the same. Further for every enquiry made by the bondholders, they were first informed about the prices of bonds being held by them & the other terms & conditions to transact. Only after if they wish & so desire, they can enter into contract with us to sell their bonds. Further, any prudent person who wishes to sell any of his belongings first enquire about the rates at different places & then he deals with the one who provides to him the best of price & service.4. Among the terms & conditions printed on Exit option form, it is also clearly mentioned that bondholder does not have any objection to transfer of bonds & that we are not related to Icici Bank Ltd. All the terms & conditions of the bonds about the issue of the bonds are printed at the backside of each bond certificate and each bondholder is fully aware of the same who can exercise the options for disposal of the bonds affecacially.
Reply
An you also mention in Letter that Bond scheme will be shortly discontinued so this is your last exit option.
The fraud still continues : This is email dated 03.09.2020
Sub: Exit Option of IFCI Bonds
Dear Investor,
This is in continuation to our earlier communication regarding exit option of IFCI Infrastructure Bonds. We understand that you are holding IFCI Bonds.
Please note that many bondholders have availed our offer of exit option & as an investor friendly gesture this intimation is being sent to you. We offer an exclusive desk to holders for encashment of IFCI Bonds. This is a reminder, in case you wish to avail our Exit Option scheme for encashment of your Bonds.
Your payment under exit option of bonds is ready to be processed with us. If you are holding IFCI Bonds or any other bonds & wish to avail exit option, please contact so that your payment is processed. Under our exit option scheme there shall be no deduction of any TDS or, Income-Tax from the amount payable. In case you are holding any other type of bonds also, you may contact us for the same.
Please note that this limited time exclusive offer is from our side. This offer is optional & is not compulsory. This offer is not from IFCI Ltd. & we are not related to, or appointed by IFCI Ltd. for the same. Disputes, if any, are subject to jurisdiction at Delhi only.
For details about price & modalities to Exit bonds under demat, please contact immediately by whatsapp / email quoting the above letter ref. no. If you have already availed Exit Option, you may ignore this letter.
Please retain this Email for future reference. Thanking & assuring you of our best & sincere services for all the times to come, we remain,
Yours Faithfully,
For Lotus Securities,
Sd/-
Bonds Deptt.
Sub: Exit Option of IFCI Bonds
Dear Investor,
This is in continuation to our earlier communication regarding exit option of IFCI Infrastructure Bonds. We understand that you are holding IFCI Bonds.
Please note that many bondholders have availed our offer of exit option & as an investor friendly gesture this intimation is being sent to you. We offer an exclusive desk to holders for encashment of IFCI Bonds. This is a reminder, in case you wish to avail our Exit Option scheme for encashment of your Bonds.
Your payment under exit option of bonds is ready to be processed with us. If you are holding IFCI Bonds or any other bonds & wish to avail exit option, please contact so that your payment is processed. Under our exit option scheme there shall be no deduction of any TDS or, Income-Tax from the amount payable. In case you are holding any other type of bonds also, you may contact us for the same.
Please note that this limited time exclusive offer is from our side. This offer is optional & is not compulsory. This offer is not from IFCI Ltd. & we are not related to, or appointed by IFCI Ltd. for the same. Disputes, if any, are subject to jurisdiction at Delhi only.
For details about price & modalities to Exit bonds under demat, please contact immediately by whatsapp / email quoting the above letter ref. no. If you have already availed Exit Option, you may ignore this letter.
Please retain this Email for future reference. Thanking & assuring you of our best & sincere services for all the times to come, we remain,
Yours Faithfully,
For Lotus Securities,
Sd/-
Bonds Deptt.
I also received an email today to redeem my IFCI bonds. this firm isa fraud. please stay away.
I received a similar email as well. I called the AGM of IFCI Ltd and came to know that they have received such complaints from several people. He said that they have published this company as fraud in news papers. also have an email from them (below) for reference.
Not sure if this case can be taken to the Cyber Crime Branch and have this company Banned.
[protected][protected][protected][protected][protected][protected][protected][pr...⇄
प्रिय महोदय / महोदया Dear Sir/ Madam,
This is with reference to your trailing email, in this regard we would like to inform you that IFCI / BEETAL ( R&TA) has not authorised or appointed anyone to act on its behalf for the redemption of Infrastructure Bonds. The bondholders are advised to exercise utmost care and diligence in dealing with such Firms/Entities to avoid any kind of loss by dealing with these third parties not authorised by IFCI.
Please note that, in case, any bondholder relies upon any such representation/statements made by the Firms/Entities, IFCI shall not be responsible for any such encashment decision of the bondholder through these Firms/Entities.
We suggest that in any case any query related to IFCI Bond, please contact only IFCI Limited or its Registrar & Transfer Agents, Beetal Financial & Computer Services (P.) Ltd
If any investors surrender their certificate with Lotus Securities, then it will be at their own risk and IFCI / BEETAL will not be responsible for the same.
सादर Regards
निवेशक कक्ष Investor Cell
आईएफसीआई लिमिटेड IFCI Limited
[protected] / 41732457 / 41732423
Not sure if this case can be taken to the Cyber Crime Branch and have this company Banned.
[protected][protected][protected][protected][protected][protected][protected][pr...⇄
प्रिय महोदय / महोदया Dear Sir/ Madam,
This is with reference to your trailing email, in this regard we would like to inform you that IFCI / BEETAL ( R&TA) has not authorised or appointed anyone to act on its behalf for the redemption of Infrastructure Bonds. The bondholders are advised to exercise utmost care and diligence in dealing with such Firms/Entities to avoid any kind of loss by dealing with these third parties not authorised by IFCI.
Please note that, in case, any bondholder relies upon any such representation/statements made by the Firms/Entities, IFCI shall not be responsible for any such encashment decision of the bondholder through these Firms/Entities.
We suggest that in any case any query related to IFCI Bond, please contact only IFCI Limited or its Registrar & Transfer Agents, Beetal Financial & Computer Services (P.) Ltd
If any investors surrender their certificate with Lotus Securities, then it will be at their own risk and IFCI / BEETAL will not be responsible for the same.
सादर Regards
निवेशक कक्ष Investor Cell
आईएफसीआई लिमिटेड IFCI Limited
[protected] / 41732457 / 41732423
TorchLight's reply, Oct 17, 2020
I have got similar emails from Lotus and wanted to file a complaint. can you please send the email for IFCI where they have sent. IFCI cannot claim they are not responsible by posting a note in their website, they are answerable to explain how and who has compromised the bondholder information to these cheaters.
REgards,
Sriram
REgards,
Sriram
Same for me for IFCI Bonds