[Resolved]  Pacl India Limited — Cheating poor depositors by not returning their money

Address:

Mumbai City, Maharashtra

PACL INDIA LIMITED is a company, which is collecting deposits through its agents under some fraudulent schemes, has opened offices pan India. Since the agents are given fat commission, the agents have brought in several thousands of crores of customers for this fraud company. Like other fraud companies which have made fool of the poor gullible investors in the past, this company too was sincere in repaying the money to the customers after maturity. And gradually the company started its real and genuine color and character. Its actual intention of systematically and gradually delaying and cheating the payment started manifesting. Initially the delay was one month, then three months, six months, one year and now two to three years. Depositors whose deposits have become due for returning are not being returned for year and the depositors are running from pillar to post. But the company officials are unfazed of the thousands of poor and middle class depositors visiting each office asking for their money. Meanwhile depositors who have paid partly and whose schemes are midway for maturity have started panicking. The company has already diverted the deposits to some other purpose with the sole aim and intention of cheating the customers (Depositors) and misappropriating the funds. The numbers of customers (Depositors) who have been cheated and whose hard earned money have been fleeced are several thousands of crores. In the meanwhile the Govt. Investigating agencies and regulatory authorities like SEBI and CBI have been watching and monitoring the fraudulent activities of the company for several years and have been initiating actions from time to time, but each time the fraud company has been dodging the action and escaped and continued to fleece the poor and gullible people of their hard earned money. In the month of August SEBI realized that several thousands of crores of people’s money is in jeopardy. The average savings amounts of each depositors range from RS.50000 to RS. 5, 00, 000. Hence SEBI instructed the company to stop the fraudulent business and return the deposits already collected by the company with interest immediately. The company has already stopped returning maturity amount to the depositors long back. Depositors whose deposits have already matured and have become due for payment two year ago are not getting their money back and the people are running from pillar to post, but of no avail. In such situation how will the company return the money of all depositors? Impossible. I AM ALSO ONE OF THE VICTIMS. Considering the number of depositors and the volume of their deposits, it seems that several hundreds of depositors will be committing suicide, as they are not going to get back their deposits. Several thousands of crores of people will be reduced to poor class from middle class. Dear Sirs KINDLY USE YOUR GOOD OFFICES TO HELP THE SITUATION WHEREIN SEVERAL CRORES OF PEOPLES LIFE SAVINGS IS AT RISK FOR WHICH SERVICE GOD ALMIGHTY WILL BLESS YOU AND YOUR FAMILY ABUNDANTLY. Regards Devasigamani [protected]@rediffmail.com [protected]