MPS Greenery Developers — non payment of maturity amount on orchard bonds | |||
I am filing this complaint on behalf of my father mr. Richard gomes. He has been holding these orchard bonds since 2011. Ever since mps was identified as trading in fraudulent means by way of raising funds through collective investing schemes (Cis) and engaging in unscrupulous means of laundering money from customers hard earned retirement funds, siphoning of customer's funds into multiple revenues and channels of investment, sebi has red flagged them and initiated legal proceedings on the owners of mps greenery by putting them behind bars. Currently this firm is being liquidated by online public auctioning of their assets across the state of west bengal. My father is a retired senior citizen 71 yrs of age. He was solely relying on these monthly interest payouts from mps greenery since 2011 as his only means of livelihood. He has invested rs. 8, 00, 000 (8 lacks) in these orchard bonds during 2011 from his retirement provident fund money with the sole intention of getting some returns during his old age. But he never expected things to take a different course, until it was in the news that mps was being investigated by sebi and accused of fraudulent business practices. Please note that i have attached all my bond details of the bonds that my father is holding with mps greenery. He is due to receive the maturity amount till date from at least 6 of these schemes that was matured during 2018. The remaining two of the orchard bonds mature in 2022. The least that he expects is to get his principle amount from these guys as the auctioning process is underway. Kindly help in this regard. Was this information helpful? | |||
MPS Greenery Developers customer support has been notified about the posted complaint. | |||
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