[Resolved]  Shriram Chits — forgery and misleading the people.

Respected sir,
I am manga thayaru subscriber of sriram chits since from ten years. Meanwhile suddenly shriram stepped in to the insurance business. When ever
Subscriber bid the chit they’ll ask the members to invest in to the insurance, if they are not interested the chit was not released. Some time they’ll mislead the clint like,
They’ll tell the clint that the money will return after five years and they invest for fifteen years. (Why because manager will get the incentives, only if it is long term only) most of the shriram chits clint's are uneducated and women’s. They don't even know what is insurance.

Some times if clint bid the chit and asked the manager to deposit the prized amount, then they will ask the clint to invest in insurance, if clint is not interested, the manager will deposit the amount in to the insurance without any information to the subscriber. Sometimes they won’t release the amount and toucher the clint till they agree to give the insurance.
Some times non prized chits are prized without information of subscriber, and deposit in the insurance. (Clint think we have the chit, whenever money need, we can bid the chit, but whenever clint come to know, the chit has bidden, if they ask the manger will prolong the problem, like we don’t no, or manager is in leave, staff will tell the lies. But there is no use, purpose of chits, the clint lose the money and time
Some of my friend's there, they will come and give all the evidence.
Like wise so many incidence, many of victim are there by loosing every thing and come’s on road by shriram.
One of the victim by shriram is me.
I am one of the clint of shriram chits i have invested my money in chits. Even chits also they’ll cheat the clint’s, like" we give the first chits if you give three chits.” they beg like beggars, because they have to float the group, after joining the group they don’t even bother or don’t give the right response also.
All of the sudden shriram # stepped in to insurance chits. So they have to do business, the higher officials of shriram started giving the targets to the managers by offering huge incentives to do the insurance. So managers started cheating the clint’s first they requested the client, if they are not interested, the manager will not release the chits.
So whenever i bid the chit, they requested me to invest in the insurance, the insurance is not wrong so i but after some limit they started cheating.
I have several chits, whenever i bid they will start begging. Some time if i give the cheque to chit payment, they deposited in the insurance. When i notice i asked the manager they’ll replay, ” because of targets we deposited, so you can cancelled it, when ever you receive the document, so don’t pay the chit amount this month we can manage. So i agreed. That time i din’t have much knowledge about insurance
If we want to cancelled, it will have some grace period, in that grace period only we have to cancel, if not policy will not be cancelled. They don’t give the document in that grace period. If we ask they will tell us we still not receive, or other reasons, after grace period they’ll give. We can’t cancel. What ever we pay will be totally loss. Like they cheated 2, 50, 000 thousand rupees.2, 50, 000 is not a small amount, so i continued. Some without my husband sign.
Nnioi[protected]—— 100000 —-2015 —- 5, 00, 000 (A. Srinivas)
Np[protected]——- 200000 —-2015— 2, 00, 000 (A. Srinivas)
Np[protected]—— 50000. —2013— 1, 44, 000
Np[protected]—— 50000 —-2013— 1, 44, 000
Np[protected]—— 250000——2013 —12, 50, 000
Np[protected]—— 50000——2014— 1, 00, 000
Np[protected]—— 50000——2013— 1, 00, 000
Np[protected]—— 20000——2012— 1, 00, 000
Np[protected]—— 50000——2013 — 1, 00, 000
Np[protected]—— 50000——2014— 1, 50, 000
Nn[protected]—— 100000——-2014- 2, 00, 000 (Alsnvikyaath)
Np[protected]—[protected]— 40, 000
Np[protected] ——- 20000 — 2014— 80, 000
Np[protected]——- 100000——2014—- 5, 00, 000 (K. V. Lakshmi)
Total (41, 20, 000)
Lniiiiooo74702 ———- 1, 00, 000—-2011 (Closed)
Lniii[protected]——— 2, 00, 000—-2012 (Closed)
Ln[protected]——— 50, 000—-2012 (Closed)
Npiiii00128102———— 2, 50, 000—-2011- (Closed with loss}
(41, 00, 000)=47, 00, 000
Now if i close all my insurance, they are telling me, that i will get 5, 000, 00 only. I paid near about 47, 00, 000. Difference 42, 00, 000. How i can rectify all this total loss. All this amount invested from chits. So i have to pay chits, at the same time, i have to pay my loans, at the same time i have to look after my insurance. So i have to plan every moment, still i am doing my level best, but whenever i need any information, or any service, they don’t even cop-rate, at the same time they behave with recluse. Because of this, i could not able to submit information to income tax, so i paid penalty to income tax 23, 00, 000.
Why i din’t gave the complaint on those days, because i don’t have the proper evidence, at the same time i drone into financial crisis, because of shriram chits, at the same time i thought customers who’ve invested will take care about their money, company will look after that, but day by day company is doing fraud, it’s turning like a big financial scam. Why i know this again they started same game with me. I can sustain, but what about other customers, who doesn’t know about the insurance, loosen the money what they are investing. Why only shriram chit’s doing fraud, other insurance company not doing? Here chit customers are base to target, and higher officials of shriram are forcefully giving the targets indirectly they are encouraging, to mislead the customers, because they will get the heigh incentives. Without knowledge of higher officials, notting will happen. Other companies have no customer base, so they have to sell need base insurance. They will explain the purpose of insurance, and sell the customers, who really afford. Sriram chits doing insurance business under the chit business.
Before investment they will promise one thing, after investment they don’t even bother. Only managers, staff, agents are getting benefits one of my insurance is money back policy. I paid 12, 50, 000 rupees.
Np[protected]—— 250000——2013 —12, 50, 000 after six years i will get 6, 82, 000 rupee cheque. So i got 6, 82, 000 rs cheque. I have given this policy as a surety one of my chit.. So they told me that cheque will on shriram chits so i agreed and said to them not use the cheque because of income tax problems. I am paying the chit up to date. The future liability of that chit is remain 3, 00, 000 rupees.
I spoken to the manager, he agreed. Next day i got one massage, stating that “thank you for paying 6, 82, 000, ”
For the chit. Again same behaviour, same recluse. If we ask they will give some stupid answer. We will tell one thing, they will do what ever they feel. No rules and regulations.
Customers are suffering and given the complaints, so they changed the strategy, so now they are not taking insurance direct from the chits. New strategy is client have to pay before releasing the chit. Some people will not have much money to invest, so agents pay the money like a financier, for the business and commission. If not chit will not be released. So they are doing insurance business under chit business. Even staff also working like an agents, for an incentive greediness. Managers, agents and staff also doing fraud, and miss guide the client. Also i am an educated i have been cheated, and what about uneducated, and common people. So i am giving written complaint on
Chit ed shaker, chit ed durvassan
Chit ceo ramesh.
I have spoken to assistance commissioner of police. So he