A new approach to financial scam is operating in different parts of India, details of one of such scamster gang is given below for the benefit of my fellow citizens.
HOW THEY OPERATE:
- This Ajmer based cheaters group calls itself "Suryodaya Services Pvt. Ltd." and finds victims basically on internet.
- Their sugar-coated tele-callers call you finding few information about you on internet and offer their loan products with 5% Rate of Interest p/a.
- Upon showing interest, they will send brochure written by a 4th standard student
with a spelling mistakes via email. This PDF file states all kinds of loans and documents required for the same. They also mention that you need to pay a processing fee(approx Rs.8000) and approval charges (between Rs.11, 000 - 6Crores) for different range of loans (from 1Lac - 700Crores).
- Upon submitting the processing fee and documents, these fraudsters send someone to your place to do the so called "due-diligence" and send a confirmation that you are eligible for loan.(In the case of Mr. Hanmant Rao Chavan, these fraudsters called him on phone and did the "due-diligence", not even seeing his property which was supposed to be kept as mortgage, since they never had intention to disburse loan).
- Then these people send you a "Loan Offer Letter" with their stamp and signature, mentioning amount, tenure etc. so that it looks real.
- They will keep you calling for 5-6 times a day for submitting now the much awaited "Approval Fee", which they say is used in Lawer's Fee, Stamp Duty, Tax etc.
- Once you pay this bigger amount in lacs or crores(depending on loan amount), suddenly all those calls will stop and here is the Great Indian Drama starts. Afterwards, you start calling them to catch hold of these gang. I guarantee that none will never give a answer. They will just transfer the calls to someone else and keep giving you excuses.
- To make it more realistic, they will also send you a cheque with company name, which you can use to get back the approval fee(with amount of tax deducted) if in case COMPANY FAILS TO PAY YOU. In case you want to cancel it from your end, 35% will be deducted and rest amount will be paid back.
- After couple of weeks after this mental harassment, when you call them for disbursement, they will ask you to submit additional documents which are NOT MENTIONED in any of the emails they sent you earlier. Documents which cannot be created, or are completely IRRELEVANT to any loan process, will be asked to be submitted. In simple terms, they create such a situation so that you yourself will terminate the process. They ask you to submit "Bank Solvency Certificate" OR "Undertaking Certificate from Tahsildar/Patwari" etc. Even if you succeed in getting these documents due to your credentials, they will further torture you to take Bank Solvency Certificate on Stamp Paper which is impossible on the planet earth. One should wonder as to why a Tahsildar should give his undertaking for someone else's loan from any private lending company in Ajmer. One borrower who was a
businessman, was asked in December to bring certificate of his employment to be given loan after he paid Rs.1, 47, 000 as approval fee for a loan of Rs.60Lacs. How a businessman can bring an employment certificate :))
ALL CHEQUES THAT YOU SUBMIT FOR REFUND ALWAYS BOUNCES AT BANKS DUE TO INSUFFICIENT FUNDS AND KEEP RUNNING BEHIND THEM FOR MANY MONTHS.
They cut 35% from everyone's approval fee before paying them back(God knows if really even pay back) and make huge money out of this shadow scam and leaving no clue of crime.
Directors TARACHAND AND RANJIT CHOUDAHRY
CIN : U67120RJ2014PTC046308
Company Name MUDRA TOTA SERVICES PRIVATE LIMITED
ROC Code : Jaipur
Registration Number : 46308
Date of Incorporation : 15/7/2013
ASECTOR 11 HIRAN MAGRI UDAIPUE
Email Id : [protected]@yahoo.com