Bafel academy pvt ltd doing extortion, tax evasion, fraud with franchisee and landlord -
This is to bring to your notice that bafel academy pvt ltd a company based out of new delhi is not only doing tax evasion but also blackmailing its landlords when asked to vacate as per the contract.
Firstly they do not take the entire payment from the franchisee in cash. Whereby showing only 60% of the payment in books. Then they confiscate the franchise saying they have not lived up to the terms and conditions. Thereby confiscating the entire money along with the infrastructure money which is refundable in total as per agreement.
They also sell study material without any receipts. No trace of any sale made. They did not charge service tax till before gst was rolled out.
They manipulate their books and inflate the marketing expenses to cut down profits whereby another case of tax evasion.
As per contract if asked to vacate by the landlord they demand money to vacate threatening them with dire consequences in court. Not only are they forever late in paying rent they infact stop paying rent totally in order to put stress financially on the landlord when asked to vacate.
Request you to kindly take strict and appropriate action against this company so that it cannot cheat amyone else. Be it the landlord or the franchisee.. Was this information helpful? |