Cinema Capital Venture Fund — Illegal & unilateral extension of the fund maturity

 
35 Reviews
Mumbai, Maharashtra, India
 RaviMathur607
This company is a big fraud. They promised returns of 35 % at time of launch of the fund to entice investors. I invested rs. 20 l on the promise that in 5 years time (Maturity period of the fund), the funds will give returns which would be secure and attractive..

They have paid nothing and in turn asked for first extension for 2 years and then again for 1 year extensions and warned now that if we insist on refund, the fund nav has eroded by 90 %. Based on this, they got extensions to the initial maturity period of 5 years. Over 7 years have now elapsed with zero returns and a bleak future for investors. I did not give my consent for this extension when last asked in oct'15.

The owner mr. Samir gupta has pocketed rs. 35 crores as upfront management fee from the investors and is not bothered. He does not respond to emails or phone calls.

Since sebi was involved in giving approval for this fund, we need to collectively approach them and lodge a complaint for recovery of our monies.

Thru this mail, i am requesting all investors to provide their email addresses and other contact details and let us form a group to collectively get mr. Gupta to at least pay up our principal amounts invested even if we cannot get ant interest on it.

Pl respond and let us apply pressure thru sebi, fir etc else our monies are doomed.
Complaint comments  34 Comments     Updated: Share0Tweet0

Comments

I have also invested 10 lakhs on ICICI advise.My mobile is [protected] and mail id [protected]@yahoo.com Samir Gupta is a cheat and its time to confiscate his wealth thru SBI intervention.ICICI is also involved in this scam.Let's collectively meet and fight this issue. B Srikanth Hyderabad.
hi

i am also invested in the same fund.
my name is sachin bhaskar
you can reach me at [protected]@yahoo.com and [protected]


sachin
Hi,

I too have invested and looks like a big scam / fraud by CCVF and ICICI bank. Not sure why is SEBI sleeping and not taking any action. My email is [protected]@yahoo.com.

Regards,
Pranav
Dear Customer (Pranav),

We regret the inconvenience caused. We request you to email us your concern with your contact details on [protected]@icicibank.com. Please mention the UID (a3gvth_aaaa) in the subject line of your email. Our official will assist you.

Regards,
ICICI Bank Customer Service Team
I am also an investor in this fund and for last many days I have been shuttling between CCVF and Karvy. They even gave me wrong phone number contacts. Finally I spoke to Sameer Gupta and this guy is unbelievable. He has eaten up so much money and on phone he was so rude. He said do what you can. He should be held criminally liable and sent to prison. ICICI Bank also should be charged for misleading and fraud.
My details
Parmjit Snigh Nayyar
Investment: Ten Lakhs
Folio No. [protected]
Email ID: [protected]@hotmail.com
Phone: [protected]
Dear Mr. Nayyar,

We regret any inconvenience caused. Our official will get in touch with you. We appreciate your patience.

Regards,
ICICI Bank Customer Service Team
I am also a investor who has been on the receiving end. I feel completely helpless dealing with funds like CCVF. There is nothing that investors like me can do. [protected]@gmail.com. I have literally been asking them if I can write off the entire amount as a loss as I don't have any more hopes. I had been introduced to this fund via ICICI.
I have also been cheated by this fund. I had invested in them through ICICI bank as I trusted the bank but now ICICI bank is washing its hands off the whole affair. Extremely disappointed with the bank and have lost faith in their investment capabilities. It seems they are only interested in getting their commission rather than looking after their client's interests.
I have already registered an online complaint with SEBI against Cinema Capital fund and would urge others to do the same (http://scores.gov.in). Maybe that might help. Feel free to reach out to me if you need any help registering the complaint. My email id - [protected]@yahoo.com
I am also thinking of registering a formal complaint against ICICI for promoting such fraudulent funds.
I have also been cheated by this fund. I had invested in them through ICICI bank .My email id is [protected]@yahoo.com
My husband also invested Rs. 10 L as per suggestion of ICICI bank RM. Pls intimate any developments on [protected]@veyecare.com
I had also invested 20 lakhs. Pls inform me details how we should proceed against these fraudsters and criminals. My mobile is [protected] and email is [protected]@gmail.com. Personally feel we should get all investors together and put Samir Gupta behind bars. Then we should approach ICICI Bank who vetted them and strongly pushed for investing in CCVF.
I have also invested 15 lac in the same fund.Sebi should take the appropriate action against the fraudsters & I cici bank too.My mobile is [protected] and my mail I'd is [protected]@yahoo.com.Please keep me informed . Regards Rajeev Khanduri
With folio no- [protected]. I invested 10 lakh with the huge pressure from Icici wealth management team with the promise of return at 35% annually but it's a huge fraud of Ccvf together with Icici bank
No words to say, this is SEBI registered company and big bank Icici is involved here

My contact no is. [protected]
Email address is- [protected]@rediffmail.com

My name is Prashant wibhaw from patna,
A customer of Icici bank
Moxie 13 minutes ago

We should go to SCORES (SEBI COmplaints REdressal System) .

This is as advised by FLAME (Financial Literacy Agenda for Mass Empowerment) - " How to redress your grievances with SEBI ". The Step - by - Step Process is well explained, starting with "access http://scores.gov.in .
Moxie 13 minutes ago

We should go to SCORES (SEBI COmplaints REdressal System) .

This is as advised by FLAME (Financial Literacy Agenda for Mass Empowerment) - " How to redress your grievances with SEBI ". The Step - by - Step Process is well explained, starting with "access http://scores.gov.in .
Post te complaint on ICICI Facebook page, many complaint here may get some response from the bank
I too invested in this particular fund.i find myself helpless as their help line now are no longer working.
Name :charumathi GR
Contact no: [protected]
email: [protected]@gmail.com
I too invested in this particular fund. I have been helplessly trying to contact them.
Name: Charumathi
Contact no:
email : [protected]@gmail.com
Hi We too invested
My details [protected]@yahoo.co.uk
My name: Ramesh

We have been helplessly contacting them and nothing happened
Let us work together
https://www.consumercomplaints.in/cinema-capital-venture-fund-illegal-unilateral...
Yes
We have also invested in this fund Rs.10l.
We should fight this legally. It was known from their regular reports that the funds are diverted to their own company. I had discussed this with my ICICI wealth manager as well, but he did not give any response and helpless. This is a serious fraud done by the Guptas and Mehra.
We have invested in name of our company Intra Electronics.
email address: [protected]@gmail.com
Satish Shah
Pune

Post your Comment

    I want to submit Complaint Positive Review Neutral Comment
    Your Rating (1 star is bad, 5 stars is good)
    code
    Customer satisfaction rating
    0%
    Complaints
    15
    Pending
    0
    Resolved
    0
    phone
    +91 98 1058 8667
    location
    102-103, 1st Floor, Building A/4, Lok Nirman Towers, Dr. Ambedkar Road, Khar (West), Mumbai, Maharashtra, India - 400052
    Cinema Capital Venture Fund - Illegal & unilateral extension of the fund maturity