Shree Om Sai Nath Car On Rent Complaints & Reviews

Dear All,

The honorable judge has decided/guided/suggested the following:

1. Those persons who have given Affidavit of Support will get their routine returns/profit/compensation as per the contract/agreement for the balance period of 60 months.
2. Those who have made complaints will get their principal/invested amount as per the contract/agreement as specified for withdrawal of amount with the appropriate...

NEW AS APPEARED IN DNA

Court asks police to appoint supervising officer in fraud case
PTI Sunday, February 21, 2010 17:01 IST
New Delhi: Irked over alleged improper probe into a multi-crore fraud case involving a Delhi-based finance firm, a court here has asked police to appoint a senior officer to supervise the investigation.
"I hereby direct the Deputy Commissioner of Police (DCP) of Crime Branch...

Bail is not a solution
Dear Investor Friend,

We should clearly understand one thing that bail is not a solution; The solution is to help Mr. Verma restart his company & start giving returns/profit/compensation as per agreement/contract.

For this we have to be clear what would be our pre-Bail & post-bail strategy. Even after Mr. Vermas bail, he needs to apply to the court for de-sealing his office, Resorts, Vehicles etc. de-frezing his accounts and permission to start releasing money to investors & launching new schemes.

This all is a time consuming process and we at investor forum should be ready with all possible help & support to Mr. Verma if his intentions are clear to release dues to its investors.

Thanks

Dear Investor friends,

I will come up with a workable plan in a day or two for making a forum based on the support extended by investors but the path chartered by me would be a very straight forward one because I am trying to leave ifs & buts theory aside and nor I will be able to give too much explanations both because after reading blogs, entries, informations & requests I have concluded that we may not be able to get into debate with our own investors friend (rather we should not) and second their is not much we can explain to each & every body who are recent entrant in blogs/discussion forum and are focusing on their own grievances & or on negative approach to confuse/mitigate any positive outlook.

Though my focus would entirely be on a short & swift solution to get our returns/compensation pm but also I am looking forward to have an immediate answer along with a long terms solution so everyone can be benefited for time to come as well.

I have made a workable plan for Investor Forum but I need feedback, suggestions and inputs by the investors to fulfill their aspirations & handle grievances and act like a care taker. So I invite the same on [protected]@gmail.com and request to kindly apprise & contribute to the noble cause of helping our investor friends in the time of need.

Thanks

[protected]@gmail.com

Dear Investors Friends,

I am an Investor like you but as per the information & my physical/personal visit to Patiala court today I would like to reinstate/inform the following and would like to clear most of the doubts & questions to my optimum knowledge. Kindly pay attention;

1. No directors, staff & others are authorized to clear any doubts/questions/details at this moment as it will be breach into courts/police/eows jurisdiction & will jeopardize Mr. Roopesh Vermas bail/release.
2. Affidavit of support has played a very constructive role to give clear picture to the judge today though they were short of expectations. I request that if you would like to file a complaint/FIR go ahead or sent an affidavit of support but kindly don't stay as Hijra/chakka/shemale/hefemale otherwise it will be too late.
3. Mr. Ajay Panday, ACMM, Patiala court has taken a very serious view of EOW not filing any charge sheet today (60 days) nor able to produce List of investors, nor able to prove/give evidence of cheating, Misappropriation of funds, intention/design to cheat by Mr. Roopesh Verma and now have called upon Deputy Commissioner, EOW to be physical present to the details to the court or otherwise dismiss the case.
4. The court also took serious view of EOW not presenting Mr. Verma physically for Bail procedure because court wants to hear from him about his statement of giving dues/returns/compensation/profit to every investor as given in writing by him for his bail based on the contract/agreement with the investors.
5.Mr. Dharmendar Arya (Lawyer) today has presented all the sequence of incidence happened which has lead to the unneeded arrest of Mr. Roopesh Verma as a) Bank stopped giving stationary on flimsy grounds b) Issue of same series cheques by Bank c) Dishonour of Cheques due to withdrawal of high amount by unscrupulous persons using same series of cheques (copies submitted to the court) d) Press Conference by SOSN (News Clips) e) Issue of directions by SOSN to the Bank not to clear certain cheques unless & until validated/Cleared by SOSN f) Notice in the public & website to convert payments through cheques to ECS G) Details of Notice of problem because of Bank & about ECS issued in December in 60 leading newspaper cuttings submitted to court H) Press conference & subsequent preventive arrest and unreasonable complaint/FIR under pressure by Lawyers & Police by 2 persons etc.
6. Mr. Dharmendar Arya on the direction by Honorable Judge has also read out the version of complainants copy of FIR which states that they were happily getting their contractual income for the last 17 months and when they have not received the payment in Dec 09 they have found that the company has not bought car on their name & because of that they have made the complaint; which the Judge has asked why they were sleeping for 17 months & why they had not approached the company first they didn't had any answer to it.
7. Even the Lawyers of the complainants were not able to produce any documents/evidence of cheating, Misappropriation of funds, intention/design to cheat by Mr. Roopesh Verma other then the copies of contract/agreement which clearly mentions what is to be done. Who so ever approaches them they ask for their fees & 10% cut on the claimed amount & say only who have made complaints will get money. The Judge has clarified that every investor will get their dues as per the contract/agreement whether one complaints or not.
8. The court has also made the observation that their now has been more no.s of lawyer coming on behalf of many more complainants as fleeced by lawyers/forced by police/eow then others & it may create more problems & may hamper court proceedings & delay the process of justice (justice delayed is justice denied) & loss to investors.
9. On the question of assets Mr. Dharmendar Arya has submitted Balance Sheet, Profit & loss A/c (Audited as per Governments requirement) of last year & Advance payment of Tax 09-10 (September 09) to the court which has high net worth & surplus cash flow to take care needs of investors payment. Even they have pm turnover of 10-15 crores from resorts, car rentals & allied business which is suffering due to his unreasonable arrest.
10. SOSN as per Media/EOW report has 1780 luxury cars, 24 crore cash, 24 co. bank account, 15-20 hotels/resorts across country & co.s like Sai Cine vision, Sai construction co., Swiss cabs, Shree Resorts, Sai Airways (planned) + planning of right issue/IPO. etc.
11. The Affidavit of Support has played a very vital role & has strengthen the hands od Investors & Lawyer of Mr. Roopesh Verma as it clearly mentions the amount invested & conditional support if returns/profit given as per contract/agreement.
12. The SOSN Investors are not able to represent themselves & rumor mongers will play with their sentiments & delay the genuine & needful right of receiving their profit/returns/compensation as deserved.

We all are sailing in the same boat send Affidavit of Support to claim your amount invested & help the court.

Their is a misconception been spread by lawyers of the complainants that the court will give money to only those who have made complaints (taken as register with them for money to be claimed from SOSN) and also they want 10% cut on the amount received by them.

I myself is a senior advocate & an Investor in SOSN till today I have not filled any complaint/FIR because as per the procedure the court will release the accused...

See the information about Axis Bank in the following link

http://www.consumercomplaints.in/complaints/fruits-of-patience-will-be-sweet-c33...⇄

As anticipated the fall out of our judicial procedures based on many complaints/FIR across state/cities, all Investors are now feeling victimized. Mr. Roopesh was taken by some other state police from Jaipur (may be to Mumbai or Bangalore) and because of this he was not physically present in the court though the court has taken serious view of the same and have directed Delhi Police to produce him in all circumstances on 20th February 10...

Dear Friends,

I am unfolding the events as it has happened since November 2009 in Delhi.

1. Shortage of stationary - Axis Bank, Lajpat Nagar Branch is not supplying enough stationary (Reason not known, may be the SOSN might have come to know of same series print, Axis Bank had not given any satisfactory reply)
2. Cheque bounced of quiet a number of Investors - Action taken - Axis bank, Lajpat Nagar Branch blamed for same series issue of cheques & fraudulent withdrawal by someone (Photocopies of same series cheques pasted in office) prompt service - dishonoured cheques deposited ECS done with in 10-15 days)
3. Press Conference held on 17th November 09 - Axis Bank blamed in media with copies of same series cheques shown to media. Also Public Notice in SOSN website placed.
4. All investors through a Notice in News paper and other ways informed to submit postdated cheques issued to them - Investors given unclear picture of ECS dates some told 10th December others 20th and many 25-30th December 09.
5. Many were not been able to get the information as they were staying in far flung areas and also there cheques in November not bounced - luckily mine cheques were dishonored and I got to know.
6. 10th December 09 - ECS not started & cheques of various investors bounced even of statesman Hs Branch - Investors panicked flocked to offices to know details. No senior person to handle situation No information from Head office.
7. 11th December 09 - Office closed - Investors blamed for disturbing office, Office expected to open on 14th December - meeting on 13th sunday of employees Delhi Office no clear decision of opening office 14th office still closed - every one in dark. Every one in panic.
8. Information on 14th that there will be Press conference on 16th Investors informed via sms by employees.
9. Spoken to Mr. Roopesh Verma on phone on 14th He said not to panic office will be opened at the earliest after the Press conference & ECS will start it delayed because of DATA blocked in Delhi office.
10. Many Investors reached PCI - too much crowd - police was informed - Media started interviewing people for some breaking News (sansani khej news), Investors reacted negatively - some positively - Many journalist took questions from the public to be asked inside.
11. Police came with CRPF tried and managed the crowd, Mr. Roopesh Verma came on time went inside the PCI-club, came out in 10 mts wanted to speak to Investors, No management - 2 ladies created ruckus & shouted "Maro maro hato mai chudia pahani hai kiya" public panicked - commotion took place, police took Mr. Verma in preventive custody to save him from the public.
12. Those 2 ladies told the crowd to go to police station & file complaints (somebodies apprehensions are they were from Bank). I asked one of the ladies how many schemes she has & in which option - she was not able to reply properly - it seems she was not an investor.
13. Some people were able to get Press release copy I was able to study one (though not able to procure it) and it was clearly mentioned about same series of cheques issued to some ttk co. & SOSN and again fraudulent withdrawal happened in Banglore Axis bank branch on 10th December 09 irrespective of clear instructions by SOSN to inform them immediately about duplicate series cheques to nab the culprit and SOSN has to stop payment & also have to delay ECS through Axis bank & planned to do it through other bank.
14. Spoken to few journalist who were coming out of PCI club they told those 2 ladies had not allowed Mr. Roopesh Verma to speak in the Press conference and Mr. Verma has said that he is will be giving returns as promised to the investors.
15. Most of the Investors were not in favor of any complaints though people went to Parliament street police station, people chose 5 representatives to go to PS & speak to Mr. Roopesh.
16. Too many people wanted to speak to Mr. Roopesh - Police didn't allowed to meet and told only those can meet who files complaint/FIR and claimed Mr. Verma has said he will not give money to anybody (can he say so sitting in PS I doubt), Nobody was able to meet him.
17. Some lawyers took advantage of situation and pressurized 2 investors to file FIR telling them they will not get there money & Mr. Roopesh will run away. Finally by 8.30-9 pm complaint was made & Mr. Roopesh Verma arrested.
18. Employees felt leaderless as no information - Delhi office sealed - police investigation begin 2.14 Cr cash (many investors deposit scheme amounts in cash in Delhi office & 5-6 franchisee centres in NCR) with good no. of gold coins (kept to be given to investors under various schemes) was found, police disclosed to the court.
19. Bail application made on 19th December 09 rejected by court because police said that the investigation has just begin.
20. Every one clueless few employees responded all offices except Delhi open people submitting their documents for ECS & waiting ECS to start early, support provided by all offices.
21. Situation got out of control as everyday thousands of Investors calling all offices for information though employees have assured investors that as soon as Mr. Verma gets bail ECS will start as all financial powers lies with him only (Mr. Verma cannot do so because he is stripped of all executive powers being in Police custody or till the court permits).
22. SOSN got in tie up with IDBI, IOB for ECS but Accounts of the co. frozen - now nobody can take any money out nor deposit.
23. Mumbai office sealed by EOW/Police and panic spread as everyone alongside investors even employees clueless (many of them invested what they have earned from SOSN & even got their friends & relatives amount deposited).
24. Media claimed SOSN/Mr. Verma owns 10 hotel/resorts, good no. of car & vehicles, good money in crores in various a/cs, most offices of SOSN & properties in various places (I believe it was expected as the scheme were of cars & resorts) also they had sister concerns like swiss cabs, shree cine vision, shree resorts etc.)
25. Investors met Mr. Verma in Tihar jail He assured them he is ready to give investors their dues only if he gets bail and he had not done any fraud (one has to have his own funds, property & guarantor to get bail)
26.some investors filed complaint in Jaipur, police took him to Jaipur. Jaipur media claimed Mr. Verma was absconding (sansani khej news).
27. In jaipur also he told he is ready to give dues to every investor but got JC till 8th Feb.
28. Bail application was put up on 28th January 10 not attended Delhi court as was in Jaipur result no bail again same thing happened on 30th Jan & 5th Feb 10.
29. Delhi Court has asked Mr. Roopesh to submit the details that how is he going to make payments to Investors. Which means he will be giving everything in writing to court thus saving & taking care of investors interest. The court can also centralize all complaints/FIR filed across other cities like jaipur, lucknow, banglore etc & can direct all complainants to represent their case in Delhi for faster decision.
30. Many investors from across india met him in Jaipur, He had categorically have mentioned he has not done any fraud & he wants to give money back but he is looking forward for support from investors. His lawyer has made a proforma for affidavit of support which mentions that one supports him only if he gives returns as per contract/agreement for rest of the period.

All Investor friends those who have filed a complaints, those who are in process of filing complaint or those who have not filed any complaint and also those who wants to give affidavit of support & even those who are neutral; I can only say one thing that we all today are victim of circumstances but together we all have to decide our future course of action, which could be

a) We wait for the judicial system to take its own time & give us verdict.
b) We impress upon the court that our motto is of running of SOSN & get our money back as promised in the contract/agreement.
c) We make some out of court settlement & get our money back may be through sale of SOSN assets or by any other better means.

Decide yourself

An Investor with very limited means

Those like to support can give the following affidavit of support as informed.

Mr. Dharmendra Arya has said that the Affidavit was drafted by him on the basis of intention of Roopesh Verma to continue to keep paying his investors as per the Contract/ Agreement. Given here below is the draft matter:

AFFIDAVIT

I, __________________ son/ daughter/ wife of ________________________ age ___ years R/O address __________________________________________________ ___________________________________ __________________________________________________ do hereby solemnly affirm & declare as under:-
1. That I invested Rs. ____________/- (Rupees _____________________________________) Only in the Car Plan/ Resort Membership Plan in the company of Shree Om Sainath Car On Rent Ltd. located at <address of your city> __________________________________________________ _____________, vide receipt no. ___________ dated __________ and entered into an agreement dated __________ for sixty months.
2. That I have received the agreed amount/ compensation continuously since the date of agreement till November 2009 as per terms & conditions of the agreement.
3. That I am satisfied with the company & want to continue the agreement if the agreed amount is to be made by the company continuously in future till the expiry of the contract.

Deponent

Verification:-
Verified at <name of city> on this date __________ that the contents of the above Affidavit are true and correct to the best of my knowledge & nothing material has been concealed therefrom.


Notary Seal Attested
Notary Public


Advocate Dharmendra Arya has seeked the help of the investors. Kindly send the above Affidavit to reach the Advocate’s office address by 10th February, 2010 in maximum numbers:-
Mr. Dharmender Arya – Advocate
239, Lawyers Chamber,
Patiala House, New Delhi.

The court has deffer-ed its decision till 11th February 2010 as expected because Mr. Roopesh Verma is in Jaipur Jail because of the FIR in Jaipur & could not be present today. His lawyer is trying to get him to Delhi along with his plan of payment to be presented to the honorable Judge.

REST IS WE ALL INVESTORS SUPPORT ROOPESH VERMA

ROOPESH VERMA NE KAHA, “MAINE KOI FRAUD NAHI KIYA HAI”

A couple of investors, together, from different cities reached JAIPUR, MET ROOPESH VERMA in Jail; questioned him. Roopesh Verma said: Maine Koi FRAUD NAHI KIYA. Mujhe phasaya gaya hai. Meri madat kijiye.
He said he was ONLY doing BUSINESS. He said, He took money from investors; He earned by making handsome profit from the business; He was saving for his establishment; & He was paying back to his investors as per commitments made to them;
HE WANTS THE HELP OF THE INVESTORS TO CONTINUE; TO DO THE SAME.

Roopesh informed and requested the investors to meet his new Advocate Dharmender Arya who has put up an application for Bail for Roopesh Verma IN Delhi. The Advocate said there were problems but expressed confidence. He said now their are too many lawyers of various complaints who were suggested by police/EOW to make complaints against Mr. Roopesh Verma. He also asked of the help from the investors. He showed a pile of Affidavits made by investors of Delhi.
He said that the Affidavit was drafted by him on the basis of intention of Roopesh Verma to continue to keep paying his investors as per the Contract/ Agreement.
Given here below is the draft matter:
AFFIDAVIT
I, __________________ son/ daughter/ wife of ________________________ age ___ years R/O address __________________________________________________ ___________________________________ __________________________________________________ do hereby solemnly affirm & declare as under:-
1. That I invested Rs. ____________/- (Rupees _____________________________________) Only in the Car Plan/ Resort Membership Plan in the company of Shree Om Sainath Car On Rent Ltd. located at <address of your city> __________________________________________________ _____________, vide receipt no. ___________ dated __________ and entered into an agreement dated __________ for sixty months.
2. That I have received the agreed amount/ compensation continuously since the date of agreement till November 2009 as per terms & conditions of the agreement.
3. That I am satisfied with the company & want to continue the agreement if the agreed amount is to be made by the company continuously in future till the expiry of the contract.

Deponent

Verification:-
Verified at <name of city> on this date __________ that the contents of the above Affidavit are true and correct to the best of my knowledge & nothing material has been concealed therefrom.


Notary Seal Attested
Notary Public


Advocate Dharmendra Arya has seeked the help of the investors. Kindly send the above Affidavit to reach the Advocate’s office address by 10th February, 2010 in maximum numbers:-
Mr. Dharmender Arya – Advocate
239, Lawyers Chamber,
Patiala House, New Delhi.
Those investors who have faith & want the company to continue & who are prepared to give time for this activity for benefit of your city. Kindly email your contact details to [protected]@gmail.com. We will definitely call you.
Yours in support investorsdesk @ SOSN.

Dear friends there is nothing to loose now if we support Court will definitely give Bail/release to Mr. Verma and will also keep an eye on him to full fill his commitment of paying dues to Investors as given/would be given by him in writing to the court.

Is link may acchi khabar hai

http://www.consumercomplaints.in/complaints/shree-om-sai-nath-car-on-rent-c33046...⇄

Dosto ham sab ko ak bat yad rakhni chahiya ki agar kisi bank may uus bank kay saray customer pahuch jay or apney deposit kiya huaye paisae mangay to koi bhi bank same day sab ko paisae nahi daye sakta kyoki bank paisae kamanaye kay liya apkae paisae aagaye day daetta hai. Ishi tarah saye SOSN nay bhi paisae agaya properties, car, resorts, service appartments may laga rakhay hai jiski value utni nahi hogi ki wo sabkay paisae daye sakay aur court kay thru to saalo lag jayagae. Isliya lagta hai ki kai investor auro ko complaint aur fir karnay kay liya mana kartay hogo baki sabki apni marji.

Agar company chalagi toh meray khyal say sabko unkay paisae mil jayagay magar aab to faisla court may hai. Suna hai ki EOW ko kuch bhi sandigdh nahi mila kawel complaint or fir kay isliya police chaha rahi ki jitni jayada complaint or fir mialgi utna unka case strong hoga lakin paisae to investor kay jaygay. vaisay bhi EOW kisi ko 60 din say jayda nahi rakh sakta bagar kisi bahut solid proof kay or agar jaisa ki mainay padha hai ki letter of support milanay par rupesh bahar aa sakta hai jismay sabka fayda hai, meri to salha hai ki agar rupesh paisae daina chaha raha hai to mutual agreement kar kay paisae lay lo yaa co. ko support karo. Vaisay bhi agar wo paisae nahi dena chahaga to ham or aap kya court ko bhi kafi muskil hogi.

Ab to woh yahay bhi kahay sakta hai ki court may case chal raha court hi faisla karaygi or 10-15 saal aish karayga paisae ki problem to usko hay nahi. Yeh to accha hai ki kafi properties co. kay nam say hai or rupesh ko bhi bhagnay ka fayda nahi hoga, ha agar co chalayga to usko or sabhi investro ko fayda hai. Baki bhagwan malik hai

Dear Friends,
I have always requested to not file any complaints/FIR not because I am against Investors interest or I have no investment (I might be having much more at stake then most of you) in SOSN or I have received my money back but most of the information I have got through various channels have normally pointed to the mismanagement/short sightedness of the SOSN Management and some inadvertently mishandling of cheque issue and accounts of SOSN by Axis bank.

I have also seen that the outcome of the procedure followed by police of any state/city will lead to almost same outcome; but will only delay the release of Investors money. Many of you must be knowing that the Delhi police (EOW) is already in touch of other SOSN city office police (EOW) and even court has directed the EOW office of other state/city to release the vehicles to there owner irrespective of their is a complaint/FIR or not. Even the anticipatory bail taken by any body any where in India is applicable through out the country which Mr. Roopesh Verma did not take before coming to Delhi press conference which he could have easily got had he anticipated his arrest.

Coming back to Axis Bank they have neither approved nor denied their role in the fiasco till today (If someone knows please apprise). Even my attempt to get answer from a Branch Manager of an nearest location did not yield any concrete results, he only started blaming SOSN and said such company always bust/runaway when they are not getting investments which I told him that till November end there was huge flow on investments across India (I myself has deposited good amount) and when I asked him very particular question like; Why then they opened SOSN account if they know the co. is going to run?, Why there was a problem crated by Axis bank in giving stationary to SOSN when SOSN pays for every cheque leaf? Why they have not suggested SOSN for ECS earlier?, Why there was same series no. cheques issued to 2 companies?, Why they had not checked the A/c number of that company while clearing? Why directions (if) any given by SOSN on clearing of cheques was not followed? How the fraudulent withdrawal took place in Delhi & then in Bangalore (as claimed by SOSN in their Press release)? When there was a message of funds under clearing on 10 December 09 Morning and why funds didn't got transfered the whole day in SOSN a/c so they could be given/transfered in Investors a/c?, Why Axis bank want to loose such an esteemed client with such large amount being deposited by it through which the bank has money earning? but I was sidelined on all the questions; though I don't blame the Manager/Bank for sidelining my questions and I am not an authority as well! but as an Investor loosing so much money and all current earnings, present & future financial safety by anybodies fault is too much to bear. I even said that there could be suicide attempt by me he said casually all my money has now lost. There seems to be some tiff between Axis bank & SOSN.

Bank is supported by Government & can have NPAs which are waived of and still carry business but not private companies like SOSN which solely depends on good enough support by Banks as everything depends on clearing of cheques on right date & time. It is a big fault by SOSN mgmt. to not have payable accounts in other banks.

Rest I had come to know that court is getting SOSN properties valued to support the Investors cause and make sure that Mr. Verma give money as promised which he has/would give/given in writing to court. There are all probabilities of Mr. Verma running his company after his bail/release and help every one o[censored]s to taste the fruit of our patience and support to him & SOSN. Otherwise also we have other options to exercise in case he falters.

I also request all to read all blogs/entries by all investors & then take appropriate decision by them selves, as far as I am concerned I support the rerunning of the company.

All the best

Dear All,

I have got contact of Mr. Mohd Shalib who has got all the updates about Om Sai Nath. He is the employee of the Company & cheated many persons. Please help me in tracing other guys like Garima Singh & Saurab.

Shalib
J-30; Part-II; Near Momdon.Hotel,
Ramesh Park; Street No-12
Laxmi Nagar
Delhi – 110092
Mobile no.:- [protected]

Regards,

Jay

Today the court has taken a positive step to direct the EOW to produce data of Investors and issue a Notice in the newspaper for the same. The court is also oblivious that in the larger interest of the Investors Mr. Verma should be released on bail at the earliest as 99% investors present in the court were in favour of Mr. Vermas release. The court is also looking forward to have letter of support from investors for Mr. Verma release because...

Not Recievd money from last three months
I have invested a lot in this Shree OmSai Nath company but since last three months not getting any cheque from them. Everyday when I call to them, either they don't answer and if they do they just say next week u will get in into ur account thru ECS facility.
So what should we do now? Launch a FIR against them?


So alls not well at all, when wud we receive our money back?
pls. reply

regards
Mithlesh Kr.Singh

Payments Stopped & Offices Closed
The company M/s Shree Om Sai Nath Car on rent ltd having head office in Mumbai.It is also having its regional office in Delhi at Naurang house,5th floor, K.G. Marg , Connaught place.
The company has stopped the Chequs of its investors and closed it Delhi office on 10/11/09.All its staff has either switched off their mobiles or are not picking up the phones.
Lots of investors are daily going to their office but there is no one in the office.
We have talked to the director of company Mr. Rupesh Verma who is in Mumbai about the same matter.He is claiming that Axis bank has done fraud with their company.
Investors are unable to understand this and are daily going to their office and coming back empty handed.

Mr.Rupesh Verma(MD of company) is assuring that by wednesday or Thursday the payments will be credited into customers a/c through ECS.

We request to look into the matter seriously as lots of hard earned money is invested in this by the people.


Addresses and phone number of company are listed below:

514,Naurang House,
21,K.G.Marg,
Canought Place,
New Delhi-01
ph:[protected]

Mr Roopesh verma (mob:[protected])
Regd office:14,Avon aptt,chhatrapati shivaji road,near santoshi mata mandir,
dahanukar wadi,kandivali(w),mumbai-400067
ph:[protected],69504020,69588093

Unconfirmed information says there was a hearing on 27 Jan and now there will be a further hearing on 30 Jan 2010 and all probability of Bail/release.

But what I am seeing now is it is becoming Investor v/s Investor fight; one files a case against company another files an affidavit of support; and it should also be not one files a complaint and gets money another wait for court verdict and gets nothing. Is there a nexus going on (Lawyers of complainants wants case file money and 10% of claim received). The court will give enough time to every investor to file claim through it after the verdict so need not panic.
Mr. Verma is himself looking forward to come out and have requested investors to support him so he can start paying the returns/money and he wants to run his company because all the assets mentioned by Police are in the name of SOSN which he will loose if he does not run the co. or pay the returns as per court directive.
Don't take decision in haste; chances of Mr. Verma running away after getting bail/release is remote if he runs the assets are still with court as sealed by EOW. Even extradition treaty will get him back where ever he goes. The Investor Forum can file FIR in the name of all pre/existing Directors, Chairman, Sr. Employees, All Branch & other Managers and also their family members for hatching the conspiracy and part of it and see all of them behind bars. So don't panic we all will unite and fight and get our hard earned money back.

Mr. Rupesh Verma was presented ACJM - 2 court in Jaipur today .His lawyer from Delhi Mr. Sunil Kumar Singh was also present in court . I was also present in the court , to my surprise his lawyer did not apply for his bail and Mr.Rupesh Verma was sent to Judicial custody till 8 th Feb .

After the court I spoke to his lawyer personally and he informed me that first they will apply for his bail at Delhi on 28 th and at EOW . I also spoke to Mr. Rupesh Verma personally and he asked to have patience and faith and everything will be normal but it will take time .

The police will be present him in court in delhi on 28 th .According to my judement personally it will take a long time to for things to be normal .

Avinash kalani - Jaipur ( M ) [protected]

My Thoughts

I have earlier shared my view point about not filing complaints in many cities because the process remains same but only take the valuable time of investors & delay the bail/release of Mr. Roopesh Verma as now happened in Jaipur case he is given JC till 8 Februray 10 (adding another 10 days); after getting bail in delhi he now has to rush to jaipur for further bail/release order and moreover have to spend investors money.

Also if any court in India finalises/give orders/verdict it is applicable all through the country (unless charged otherwise) and also the court does not give money only to those who have filled complaints; every investor will be given enough time to file claim after the court orders and get there money without getting into the hassles of police complaints and/or lawyers cost.

All the Best

It is very good to unite & make an investor forum in cities of SOSN investors. We at delhi are been misguided by police & lawyers to file complaints against Mr. Roopesh Verma & SOSN so he is not able to come out on bail or altogether the case gets dismissed on the basis of lack of evidence.

We have found that every state/city police will follow the same procedure (as happened in Jaipur) which is already complete in Delhi & Mumbai and delay the release altogether which will harm the interest of all SOSN investors.

We have decided not to file any complaints and approach the courts directly in case Mr. Roopesh does not get bail or he is not released to get our money.

Let the good sense prevail

Dear all

All trouble begun when some people created ruckus at 16th December 2009. Because of those silly people every one is in trouble, including offcourse those people also. The FIR was lodged late in that eveining. Now the Delhi and Jaipur police are contacting investors and instigating them to lodge thier FIR the make a strong case against Roopesh Verma. This will make things worse. I request all to not to be instigated by police.
One thing is clear there is an uncertainity about our money. It is a mistake to think that because of more number of complaints our investment we will get our money back earlier. But reallity is that this will make the case dragged for 10-15 years and people will get nothing. If the case settles after a gap of 10 year, just think what will we getting that time.
One more thing, probably, we all know that Mr. Roopesh has no intention to cheat investors. This is a very positive aspect we should not ignore. So it is the interest of all o[censored]s that Mr. Roopesh gets out on bail on 28th of Jan. He has hired some of the most renowned Advocates of Delhi like Mr. Harshvardhan Khurana, Mr. Rambir Singh Kundu. They are studying the case. Mr. Roopesh has repeatedly said everywehre whether in the public, media or court that he is ready to pay the investors their money. In view of this, I dont think the charge on him which under section 420 IPC for forgery and cheating and 426 for Criminal Breach of Trust would stand in the court. The police is just trying to extend his remand in the name of investigations.
So I request all you people to have some patience and try not to make thing any worse for them. Dont make any complaints with the police it will get you noting except delaying of case and running your money away from you. The only hope for the safety of your money is that Mr. Roopesh comes out on bail. Please give some time to Mr. Roopesh and his advocates.
All this is sake of all o[censored]s.

Regards

Anil

More over the more complaints in more cities will end in nothing; every state/city police will only follow the procedure which is already over in Delhi & Mumbai and will delay our returns/money further.