[Resolved]  Bonaz Capital — fraud by investment advisory firm

Address:	Indore, Madhya Pradesh
Website:	www.bonazcapital.com

Complain against company:

Bonaz capital pvt ltd
217-222 shagun tower above apna sweets, vijay nagar square, vijay nagar, ratna lok colony, indore, madhya pradesh 452010, india

Sebi reg no : ina[protected]

Respected sir / madam,

This is a brief complaint as discussed regarding fraud done with me by mukeshbhai (Executive bonaz capital)

First mukeshbhai sent me two proposal mail from a gmail id in the name of bonaz capital regarding operator based services (Mails forwarded to bonaz support and also screenshots attached)

The first mail included an operator based service of rs 450000…in that he mentioned that he will make me earn profit of rs 40 lakhs in 3 months time

The second mail included a note that if i have paid for the first stage service of rs 450000 than he will provide me the second stage service in rs 15 lakhs (Actual cost 30 lakhs) and in that he will make me earn 6 crore profit in time span of 3 months

So, when i received these mails i have paid rs 480000 to bonaz capital for first stage services, but on the very next day mukeshbhai called me (Mobile no : [protected]) and said that he is not activating this service and he told to think and go for the second stage service of rs 15 lakhs

He had a condition that i must complete those 15 lakhs by the end of february
I agreed and asked some time to arrange for the funds…and on the last day of february i was somehow able to pay 13.5 lakhs to bonaz capital…and for the remaining 1.5 lakhs he told that company needs to achieve its target so the remaining 1.5 lakhs he gave me as discount

Afterwards, he called me after 2 days and told that discount is not possible and i need to pay that 1.5 lakhs than only he will activate my service…so again i asked for some time and i paid that remaining amount within a week
Than, again after i received a call from him that as i have paid that remaining amount in the month of march (When he called me for the remaining amount at that time already march was started) so my offer has expired and now i have to complete total 30 lakhs rupees in bonaz capital in order to start my service

I tried to convince him saying that i will not be able to pay such a big amount. I requested him to start my service in 15 lakhs or else transfer me to first stage service and refund the rest amount…but he didn’t agreed for any of the options and told me to arrange for funds and than talk to him

I called him repeatedly but he didn’t answered my calls and one day someone picked up the call that person told me that he is on leave for about a month

Total payment done till date is

Bonaz capital : 18 lakhs 80 thousand

These payments i have arranged and lended from money lenders as mukeshbhai promised me to make me earn the same from market as soon as possible…till now as i am paying huge interest on this amount to money lenders so i request bonaz capital to take strict actions on mukesh and refund my amount that is taken in illegal way

Inspite of my several calls and reminders i havent got any result... This is my last reminder or else i will have to forcefully involve sebi in this matter... Hoping for quick action

Attachments :
Bonaz capital proposal mail sent by mukesh from gmail id (Mails forwarded to [protected]@bonazcapital.com)

Regards,
[removed] raithatha
([removed])