[Resolved] VHF Selve — No response
VHF Selve was very popular in Gulf countries around 10-12 years back, selling its properties like Farm houses, residential plots, Teak plantation units, etc in Chennai, Hosur and Bangalore.
the company's MD Dr. Jagannathan used to stay in a hotel at Muscat, Dubai, Doha most of the time selling these properties. Many have bought, a few are happy as they got everything whereas long term investors are suffering.
I too invested in one of their schemes called "Millionaire Estate". It was a small piece of land with Teak plants and mango plants.
We are supposed to get the returns from Teak after 20 years i.e. in 2012 or 2013 whereas we were supposed to get the returns from MANGO after 05 years i.e. atleast from 2000 but so far, nothing has come from their end.
Also, there is no website, no e mail id of this company. If we call them on their office numbers, no proper response, unable to get a feedback to our queries.
Dr. Jagannathan has passed away two years back and now his son is taking care, but no one is responding to the investors queries.
I am now worried whether my hard earned money is safe or am going to lose it. Many others too may be having the similar problem.
The authorities should interfere and see that the company responds and keep in touch with the investors.
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Aug 13, 2020Complaint marked as Resolved
Category: Real Estate
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