Sterling Tree Magnum Ltd. Complaints & Reviews

I bought 23 trees from STM with a maturity date of 16/10/2016. Till date, the company is not responding to us and not giving us our maturity amount....

Respected sir,
I have invested Rs. 1775 in Sterling Tree Magnum (India) Ltd. on 16/12/1995 for plantation of 1 tree. but as of today i haven't received any return funds.

Details: Certificate No. K 39671
Dt. of Joining: 16/12/95
Dt. of Maturity: 15/12/15...

Sterling Tree Magnum Ltd. — redemption of teakquity certificate

1 Review
purnimaraj on Jun 21, 2018 Mark as Resolved

Company not responding or honouring payment in respect of my investment, detailed hereunder ;
1. Application no. R 87496
2. certificate no. K 40137
3. date of maturity - 30/03/2016
4. interim returns assured on 30/03/2002 & 30/03/2008
5. Maturity value...

Company not responding or honouring payment in respect of my investment, detailed hereunder ;
1. Application no. R 87496
2. certificate no. K 40137
3. date of maturity - 30/03/2016
4. interim returns assured on 30/03/2002 & 30/03/2008
5. Maturity value - 1.06 cum teak or Rs 97500/=

Company appears to be a cheat which has duped many investors like me. They are not responding to calls or letters...

Myself P.Rajesh kumar from Bangalore had invested in Sterling tree Magnum (india) Ltd, 20 trees @ rs 1475 per tree, certificate no A1999 on 29.09.1994 in Andipatti plantation, maturity being 28.9.2014.
I had visited there office about 3 yrs ago in chennai they said it is court case . Can anyone update on case as on today. Any chances of getting back money.
[protected]...

Following is the investment in the above company.
Bhavin g. Parekh 16 trees maturity 30.01.14 certificate no. M154.
Girish p. Parekh 16 trees maturity 21.01.14 certificate no. M1933.
Girish p. Parekh 16 trees maturity 28.08.17 certificate no. Q7269.
There is no communication from the company whatso ever. Letters to the
Company are returned with the remark not found or wrong address.
The company seems...

Respected Sir I have purchased one Teak Tree Worth of Rs.1475/- on 31.01.1995 (Date of Joining) with Application No: K 425821 and Certificate No: F13927 in favour of Chodagam Chittibabu along with Maturity date: 30.01.2015. Till date I have not received any amount from Sterling Tree Magnum after completion of maturity date i.e., 30.01.2015 I have been trying to contact the company to get the maturity amount due to me but have not been...

Respected Sir I have purchased one Teak Tree Worth of Rs.1475/- on 31.01.1995 (Date of Joining) with Application No: K 425821 and Certificate No: F13927 in favour of Chodagam Chittibabu along with Maturity date: 30.01.2015. Till date I have not received any amount from you after completion of maturity date i.e., 30.01.2015 so please send my maturity amount to the following address. Ch Chittibabu my mail Id: [protected]@gmail.com...

I had bought 2 trees in the name of my sons, , , , certificate nos T 39617 and T 49059 which have matured in Jan 2013 and 2014 respectively. I have been trying to contact the company to get the maturity amount due to me but have not been successful. Hoping that it will be addressed soon and I will be contacted regarding this by the company at the earliest....

I have invested Rs 3550/ by cheque dt 21/11/95 in 2 teak trees as per the scheme vide certificate no. I 4905 maturing on 20/11/2015 .According to the said certificate, Ist interim return was payable on 20/11/2001 and 2nd on 20/11/2007, but nothing paid.The whereabouts of STM is not known, but repored having committed fraud with investors.Also learnt that Rakshna Consumers Association, Samalkot(AP) has filed complaint in court till High Court.Such...