[Resolved]  Kerala Fashion Jewellery — kfj bond of gold - fraudulent - cheating the customers

Address:#68 Chandra Prabhu Colony 1st Main Road, 1st Street, Ponniammanmedu, Chennai - 600110., Chennai, Tamil Nadu, 600110

This complaint is regarding kfj bond of gold scheme. I paid rs.40000 and i have booked 20 grams of gold @ rs.1999/- on 25th august 2017 under this scheme and my maturity date is 25th august 2020 which is the locking period. Recently i came to know that all branches in chennai are closed already and only 1 branch which is mylapore branch was operational and that too there are no items in the shop. And yesterday's (7th december 2019) news i saw some big issues going on in kfj and they refuse make what is agreed or claimed by them in the bond. They neither pay as gold nor as money and they keep on extending the dates and the cheque are being returned in bank due to no money. I am from a middle class family where money is everything to us to survive our life and this is amount which i spent is was my saving for my baby girl. Please help me in getting this issue fixed and refund my above said amount. Hopefully when i get this amount back i will be very thankful to you and your serving team ever. Thanks!

Below are the details for your references
Name: ragavendra
Registration no: obog16504

Regards,
Ragavendra. A
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Yes (21)
Dec 7, 2019
Complaint marked as Resolved 
wrongly posted the incorrect company address, hence cancel this complaint. I have created new complaint with correct address
Dec 07, 2019
Updated by Ragavendra A
wrongly posted the incorrect address, please remove this complaint. I reraised as new complaint
Feb 06, 2021
Updated by Ragavendra A
This issue is not yet resolved till date then how come you mention it as resolved. This is a false information bro the people
Complaint comments 

Comments

I too am a victim of this scheme .I was promised 52.526 gms on maturity which was on 20.08.2020.
Now I find that all their branches are closed and I have no where to call.
Pls ensure I get the promised gold or the equivalent amount as it was my hard earned money.

Dear Sujith Cherian / KFJ,

Considering that the shop is trustworthy with its establishment since 1973, I have invested in "KFJ's Bond of Gold" for 50 Grams @ RS. 1999/- (The Registration No - AN17BOG3, ANNA NAGAR BRANCH), which has matured now on[protected].

Upon maturity, there is no Branch existing and came to know from the news that KFJ's all Branches closed and couldn't connect to any of KFJ's branches over phone thereafter.

I humbly request you to return the money invested (at least) or in the form of appropriate Gold, as it is the blood sweated for many years to earn that amount.

Thank you
Sreelakshmi
Anna Nagar West, Chennai - 600040
[protected]
Registration no: AN17BOG3. Branch - ANNA NAGAR

Hello Sunil

Why are you not picking the call?
See we have invested our money and still waiting patiently tat you may return it even after our bond matures..
As a human, we gave you enough time since u said u were in struggle for money..but u r blocking all the numbers and behaves irresponsible..?
Is that a way you cheat..?
Give us a proper response..
No need of any profit, atleast payback the principal amount what we have paid three yrs back..
Thanks
priya
[protected]
We also booked gold for almost 4 lakhs and the maturity date is over. When we wanted to take the gold all the shops are closed. Kindly do make some arrangement to give us the booked gold weight or at least return the money. Looking forward for a positive reply..
We too have invested 1 lakh amount and received gold bond with maturity date as 5 Jan 2021. Today we have visited to the KFJ valasaravakkam and the shop is no more available. We dont know what to do. please give us any information by which we could contact these people or tell us some of similar saving customer who could get back the amount till date.

Regards
P Mohanavalli
Dear Sujith Cherian / KFJ,
Based on your advises/guidance and television advertisement that too with the trustworthy person, I (V. Ramkumar) have chosen KFJ and invested Rs. 79960/- "KFJ's Bond of Gold" for 40 Grams @ RS. 1999/- (The Registration No - WBOG1708, MYLAPORE BRANCH), and has got matured now on 14.01.2021.
Upon this maturity, have visited the Branch and came to know the news (that KFJ's all Branches closed) and tried to approach KFJ's all contacts over phone and found none of KFJ's Phone numbers are working.
However, I hereby request you not to treat this as a complaint, and just help me and my family by returning the money invested (at least) to my family needs and get rid of the mental agony.

Below are the details for your references and Help.
Thanks & Regards,
S.Jailapdeen,
Gandhi MaaNagar, Coimbatore - 641004
Phone Number:- [protected], my mother number
Registration no: WBOG1708. Branch - MYLAPORE
I want to make a complaint against kfj bond of gold scheme. my reg no is OBOG16439. I paid rs.16000 and i have booked 16 grams of gold @ rs.1999/- on 20th august 2017 under this scheme and my maturity date is 20th august 2020 which is the locking period. Recently i tried calling kfj and no response. I came to know that all branches in chennai are closed already. I am from a middle class family and saved this through my hard earned money for my sister marriage. Please help me in getting this issue fixed and refund my above said amount. Thanks!

Geethalakshmi D's reply, Feb 1, 2021
It was not 16000Rs. Typo error. Bond was for 32000Rs
I am Mohideen Basha, I want to make a complaint against kfj bond of gold scheme. my reg no is MY17BOG3-445/[protected] & MY17BOG3-446/[protected]. I paid rs.3, 20, 000/- and i have booked 160 grams of gold @ rs.1999/- on 08th January 2018 under this scheme and my maturity date is 08th January 2021 which is the locking period. Recently i tried calling kfj and no response. I came to know that all branches in chennai are closed already. I am from a middle class family and saved this through my hard earned money. Please help me in getting this issue fixed and refund my above said amount. Thanks!
i paid alreaady above 15000 ..i want refund ...kfj is cheating me
KFJ Gold Loan complaint
This complaint is regarding the KFJ bond of the gold scheme. I paid Rs.319840 and I have booked 160 grams of gold @ rs.1999/- under this scheme and my maturity date is 8th January 2021 which is the locking period. Recently I came to know that all branches in Chennai are closed already. Today only I came to know that some big issues going on in KFJ and they refuse to make what is agreed or claimed by them in the bond. They neither pay as gold nor as money and they keep on extending the dates and they were provided agreed letter to 5 instalment to settle the amount. still not settle (not return) the amount, continues delay, Please help me in getting this issue fixed and refund my above-said amount. Hopefully, when I get this amount back I will be very thankful to you. Thanks!

Below are the details for your references
Name: Mohideen Basha
Contact no : [protected]
Bond Registration No: 1) MY17B0G3-445 (Date-08-Jan-2018),
2) MY17B0G3-446 (Date-08-Jan-2018),
Selvam Venkatesh's reply, Nov 27, 2021
Hello sir this is venkatesh is ur problem solved kindly help me for raising complaint
My number is 7798988109
Kindly suggest lodge complain

I have also invested Rs 1 lac in "KFJ's Bond of Gold" for 50 Grams @ RS. 1999/- (The Registration No - AN17BOG3-302, Anna Nagar Branch) in 2018 to mature in 2021. On maturity, I am not able to contact as all shops are closed and phones dead ("does not exist"). Request someone to please help/advice to what needs to be done to settle this issue.

Thanks & Regards
M Vanathi

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    Contact Information

    Kerala Fashion Jewellery
    #68 Chandra Prabhu Colony 1st Main Road, 1st Street, Ponniammanmedu, Chennai - 600110., Chennai
    Tamil Nadu
    India
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