[Resolved]  Shree Om Sai Nath Car On Rent — News Innocence proved

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 to appoint a supervising officer in the case who should not be below the rank of an ACP," additional chief metropolitan magistrate Ajay Pandey said.
The court expressed its displeasure over the probe saying "there appears to be no proper investigation in the highly sensitive case which involves the interest of thousands of investors."
It was hearing the bail application of Rupesh Verma, managing director of Delhi-based M/s Shri Om Sai Nath Car On Rent Ltd, who sought his release on the ground that his personal and company assets amount to Rs 300 crore which could be used in paying back the investors.
Verma was arrested on December 18 from the Press Club of India when he was addressing the media following two FIRs alleging that he and his firm duped investors to the tune of around Rs 2,000 crore.
"Despite directions of the court, neither the list of persons, who had invested money with the accused is provided nor any details of the assets of the accused company is given... There is no specific reply from investigating officer inspector Raj Kishore," the court said.

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Dear Investor Friends,

Based on the above media report, It has now proven that police/eow has not been able to fulfill the basic requirement of filing charge sheet as they just don't have any hard evidence other then some complaints by few investors (increased under pressure from police/eow and some insane persons) to substantiate cheating, misappropriation of funds & design/intention to cheat as charges on Mr. Roopesh Verma, It is a win for investors. And also if any complaint/FIR is filed whether a bogus one the police/eow tries to prove it correct to add stars to their work (we dont doubt their intentions) but a genuine person suffers & in this case we investors are suffering. Also as sequenced by our investor friend the following:

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, 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.

Now also that:

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.

Don't loose this opportunity to claim your invested amount & returns/profit as per the contract/agreement and send Affidavit of support to Mr. Roopesh Verma to his Lawyer at the earliest as this seems to be the only way to get our money.

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