Rajesh Rampal57 Vaishali Pitampura, Delhi
[email protected]
Sh. Satish Golcha IPSJoint Commissioner of PoliceEconomic
Offenses Wing Delhi PoliceMandir MargNew Delhi
Dear Sir,
I lodged a complaint on 16th March 2015 with DCP EOW Reference D
1772 and also sent by Speed Post a covering letter to the Jt. CP
EOW Sh Satish Golcha on 16th March 2015 reference ED619788175IN
explaining the gravity of the Economic Offenses situation pan India
and to ensure it would merit your interest.The Complaint was
transferred to DCP OD by EOW without information to complainant
(me) on 20th March 2015. EOW informed complainant (me) on 28th
April 2015 only after I made enquiries.DCP OD transferred the
complaint to DCP NW Delhi on 6th April 2015 and informed
complainant on 29th June only when enquired. DCP NW has not
answered as yet to the query where the file is presently.
The details are available (most of them) at
http://www.slideshare.net/rampalr/sebiomniplethicobajaj1I fail to
understand why the EOW- Delhi Police is bent upon sending
complainants on a wild goose chase across DCPs in Delhi. Why cannot
the original Office in this case EOW handle this case and more so
since it involves swindling of Billions of Rupees by unscrupulous
Promoters under schemes approved by Central Government. None of the
Government bodies is willing to pick the tab- either the ROC, MOCA,
SEBI and now even the EOW of the Delhi Police. I hope you shall
agree that for failing to take appropriate timely action these
bodies are as much in default as the unscrupulous promoters.
I am an Author, Chartered Accountant, Battlefield Guide and
Military Historian and am amazed that in the East India Company
regime in India there were no Jurisdiction issues for courts or
police yet Delhi Police has spent nearly 4.5 months and is still
not able to decide which DCP will bell the cat. If the objective is
to achieve a new Guinness record the matter may be different.
Please see all correspondence which is attached. I hope realization
will dawn and some concrete action be taken. Yours truly,
Rajesh Rampal
cc. 1. CP DP Sh BS Bassi2. Sh. Raj Nath Singh, Minister of Home
Affairs, GOI.3. Sh. Ajit Doval, National Security Advisor.
TO DCP NWFrom: [email protected]:
[email protected]: FW: Regarding your complaint filed
by you in EOW by vide D-1850/DCP/EOW, dt. 17.03.2015Date: Wed, 1
Jul 2015 09:07:15 +0530Reference above complaint transferred to
your office by DCP OD vide no 509 dated 6 th April 2015. Please let
me know the progress and if you have forwarded it to somebody else
for action their address. Best regardsRajesh RampalFROM DCP OD>
Date: Mon, 29 Jun 2015 15:32:32 +0530> Subject: Regarding your
complaint filed by you in EOW by vide D-1850/DCP/EOW, dt.
17.03.2015> From: [email protected]> To:
[email protected]>> Sir,> we received your email on
18 june 2015 on the email of DCP/Outer District. In this regard, we
can say that your complaint has been transferred to DCP/North-West
District by vide No. 509, dated> 06.04.2015 for further
necessary action. it is therefore requested that further
correspondence, if any may please be made with DCP/North West
District.> for Dy. Commissioner of Police:> Outer District:
Delhi.FROM EOW DPFrom: [email protected]> To:
[email protected]> Date: Tue, 28 Apr 2015 14:44:12
+0500> Subject: regarding forwarding your complaint> OFFICE
OF THE DY.COMMISSIONER OF POLICE,ECONOMIC OFFENCES WING,POLICE
STATION MANDIR MARG COMPLEX MANDIR MARG NEW DELHI-110001>
SIR/MADAM,> Your complaint (No. C-1004/DCP/EOW DT. 17.03.15
& D-1850/DCP/EOW DT. 17.03.15) has been forwarded to The Dy.
Commissioner of Police, Outer distt. Delhi. Vide Dispatch No.
1441/Complaint Br./DCP/EOW Dated 20.03.15. You may contact the
concerned office for further enquiry/progress ofyour complaint. I/C
COMPLAINT BRANCH ECONOMIC OFFENCES WING PHONE NO. 011-23746753
Flight of Capital from IndiaGrievances of Millions of Indian
Investors
Companies quoted on NSE & BSE obtained Central Government
approvals to raise short term Deposits from the Public (U/S Section
58 of Companies Act 1956) around 2011 and invested in dubious
assets abroad and do not repay either Principal or interest
(payable Quarterly) to millions of Indian Investors since 2014.
Government and its arms/agencies remain silent spectators rather
make a mockery of the grievance redressal system mainly SEBI, ROC,
EOW of Delhi Police and MOCA. SEBI approved Merchant Bankers have
the best laugh as nobody questions them on their ethics or ethos
and the licensing authority SEBI is big brother protecting them all
the way without bothering about the requirements of the Code of
Conduct for Merchant Bankersin Schedule III of the SEBI Merchant
Bankers (Regulations )1992 Regulation 13.
Questions
1. Who in Central government sanctioned raising Deposits by
these Companies and on what basis and study?2. What is the total
outstanding of all Companies for Deposits (under Section 58 of the
Companies Act 1956) of both Principal and Interest due till 30th
June 2015 company wise?3. What action has been taken by ROCs, SEBI,
MOCA or EOW Police against such Promoters?4. In case NO ACTION is
taken then Action envisaged against officers who were supposed to
take action and also Promoters?5. Why is SEBI so hesitant to cancel
the Merchant Banking licenses given to Bajaj Capital Ltd., despite
complaints by Investors? Complaints are against a Merchant Banker
who has been given a license to operate in India and his ethics and
ethos are subject to SEBI regulations under Code of Conduct for
Merchant Bankersin Schedule III of the SEBI Merchant Bankers
(Regulations )1992 Regulation 13. and not whether the complaint
relates to FD, the excuse behind which SEBI takes cover.6. Why
Bajaj Capital should not be treated at par with its Principals for
recovery of dues to Deposit Holders.7. Outstanding of all Bajaj
Capital Ltd.s clients in terms of Deposits when the Chairman claims
to Treat your investors money as your retired fathers money who has
done his last savings and who is not able to earn again in his
life. The philosophy is shown below in full glory just outside
Green Park Metro Station. Anupam Kher too brags about Bajaj Capital
Ltd in Ads across Media. hi . . . . . Savings . . crorepati . For
truly independent advice call Bajaj Capital- Always in your
interest .It is quite amazing that Bajaj Capital also claims to be
Financial Planners to the Nation. (reverse of their Clients Copy
receipt.) SEBI turns a blind eye despite
complaints!https://www.youtube.com/watch?v=eTt9FLx-mkY.
Flight of Capital from IndiaGrievances of Investors
Companies quoted on NSE & BSE obtained Central Government
approvals to raise short term Deposits from the Public (U/S Section
58 of Companies Act 1956) around 2011 and invested in dubious
assets abroad and do not repay either Principal or interest to
millions of Indian Investors since 2014. Government and its
arms/agencies remain silent spectators rather make a mockery of the
grievance redressal system.
Unscrupulous Promoters managing Public Limited Companies quoted
on the National and Bombay Stock Exchanges obtain Central
Government permission to raise short term funds under Section 58 of
the Indian Companies Act 1956 in and around 2011. They use these
funds to acquire dubious assets abroad. These Companies now in
doldrums since 2014 and saddled with diminishing Sales and Profits,
have neither repaid Principals that are overdue for more than a
year nor have they paid the interest that was payable quarterly to
the millions of investors who were conned into investing in these
Companies by SEBI approved Merchant Bankers mainly Bajaj Capital
Ltd who resorted to unethical advertising campaigns featuring
Bollywood celebrity Anupam Kher and made misleading statements and
claims to rope in their decade old customers and even new ones to
invest in such companies. Registrars like Link Intime India Pvt.
Ltd openly flout the terms and conditions of the terms of Deposits
as sanctioned by the Central Government and any complaints made to
EOW of Delhi Police, SEBI, ROC and Ministry of Corporate affairs
are just not heard.
These Investors complained to the following agencies but to no
avail as each and every agency is passing the buck to somebody else
or within their own Organisations and take no action. Neither do
copies addressed to PMO or MOF result in any action.Complaints
Lodged (since January 2014 till date) Result NULL(Any documents can
be provided provided one is sincere in taking action)
1. Companies mainly Plethico Pharmaceuticlas Ltd,, Omnitech
Infosolutions Ltd., Elder Pharmaeuticlas Ltd. Please see web link
and pages mentioned hereunder for detailsPlease refer to page 19
to21 of/40 for Plethico Pharmaceuticls Ltd.,Page 22 to 24 of 40 for
Omnitech Infosolutions Ltd.And page 25 of 40 for Elder
Pharmaceuticals
Ltd.http://www.slideshare.net/rampalr/sebiomniplethicobajaj1 2.
Bajaj Capital Ltd. A SEBI approved Merchant Banker who made several
misleading claims and statements and ran advertising campaigns to
rope in Investors. Anupam Kher was the celebrity who appeared in
the advertisements on the TV and also on the Internet.Please refer
to Page 12 to 18 of/40 on the web in the complaint for Bajaj
Capital Ltd. For the first mentioned
link.http://www.slideshare.net/rampalr/sebiomniplethicobajaj1http://www.slideshare.net/rampalr/seb-ibajajreply25april-sebiedh1500010401https://www.slideshare.net/secret/k3wvGXjzn3fIQY
3. Registrar of Companies, Mumbai and GwaliorDespite complaints
to the ROCs in Mumbai and Gwalior Dr J. Pandian and Sh J.N. Tikku
respectively have not acted against any company for reasons best
known to them. Please see Annexure I attached. 4. Registrars- Link
Intime India P. Ltd.Please refer to Page 26 and 27 of 40 for
complaint against Link Intime India P Ltd. Openly flouts terms of
sanction of Deposits and Interest and despite complaints SEBI is
silent- relate to Corporate FD not in realm of SEBI refer to MOCA a
non performer responsible for all the
mess.http://www.slideshare.net/rampalr/sebiomniplethicobajaj1 5.
Economic Offences Wing of the Delhi Police- a supposedly elite
organisation and Delhi Police.Please see link at web
http://www.slideshare.net/rampalr/sebiomniplethicobajaj1 (Please
see Page 3/40 on web link hereunder for details) for complaint to
Jt. CP Satish Golcha whose office very conveniently accepted the
complaint on 16th March 2015. EOW passed it on to DCP Outer Delhi
and who in turn Passed it on to DCP NorthWest Delhi and who is
silent despite reminders. In such cases it should be the duty of
the person receiving the complaint in this case the Jt.CP EOW Delhi
Police Satish Golcha to ensure that the complaint is registered
than letting the Public move around in circles. Please see Annexure
II for the details. 6. SEBIComplaints with reference were lodged
with SEBI- details in Annexure III and the mockery which SEBI is
making of Investors complaints.
http://www.slideshare.net/rampalr/seb-ibajajreply25april-sebiedh1500010401https://www.slideshare.net/secret/k3wvGXjzn3fIQY
7. Ministry of Corporate AffairsPlease refer to Annexure IV for
letter addressed to Sh Naved Masood former Secretary Ministry of
Corporate Affairs by Speed Post. Sh. Manoj Kumar Jt Secretary
Ministry of Corporate Affairs never responds to any mail or request
for a meeting.. 8. Ministry of Finance) Please refer to web link
for copies of complaint delivered to both MOF and PMO for the
inaction of SEBI. 9. PMO )
https://www.slideshare.net/secret/k3wvGXjzn3fIQY
A mockery is made out of the Investor grievance mechanism in
this country. Any complaint made to SEBI is met with a response
after months -'Relates to Fixed Deposits hence Contact Ministry of
Corporate Affairs- a Ministry that never ever responds or takes
action. These Promoters are roaming free and without any fear while
Investors grieve. It seems that the Objective of the Agencies like
SEBI, MOCA, ROC and EOW Delhi Police is to aid and abet these
dubious Capitalists to rob the millions of Investors who invested
their life's savings thinking it was approved by the Central
Government and that they were investing in Quoted Public Limited
Companies and through a SEBI approved Broker. Indian Entrepreneurs
or manipulators thus take capital out of India with Central
Government approval and invest in dubious assets and fail to honour
the terms sanctioned by the Central Government and Government
agencies do not even raise a finger.The ordeal faced by a family is
given hereunder and also at
http://www.slideshare.net/rampalr/sebiomniplethicobajaj1with proof
of how the various Government agencies have failed to act despite
written complaints and there is a need for investigating the role
of such Agencies and the people heading such Agencies mainly -SEBI,
ROC, MOCA, EOW of Delhi Police.
ANNEXURE IIEconomic Offences Wing Delhi Police/DCP OD/DCP NW
1. Lodged complaint on 16th March 2015 with DCP EOW Reference D
1772 and also sent by Speed Post a covering letter to the Jt. CP
EOW Sh Satish Golcha on 16th March 2015 reference ED619788175IN.2.
Complaint transferred to DCP OD without information to complainant
on 20th March 2015. EOW informed complainant on 25 April 2015 only
after he made enquiries.3. DCP OD transferred the complaint to DCP
NW Delhi on 6th April 2015 and informed complainant on 29th June
when enquired. 4. DCP NW has not answered as yet to the query where
the file is presently.5. Please see all correspondence below. Is it
not the JOB of the first office in this case Jt CP EOW DP Satish
Golcha to ensure a complaint is registered?TO DCP NWFrom:
[email protected]: [email protected]: FW:
Regarding your complaint filed by you in EOW by vide
D-1850/DCP/EOW, dt. 17.03.2015Date: Wed, 1 Jul 2015 09:07:15
+0530Reference above complaint transferred to your office by DCP OD
vide no 509 dated 6 th April 2015. Please let me know the progress
and if you have forwarded it to somebody else for action their
address. Best regards Rajesh RampalFROM DCP OD> Date: Mon, 29
Jun 2015 15:32:32 +0530> Subject: Regarding your complaint filed
by you in EOW by vide D-1850/DCP/EOW, dt. 17.03.2015> From:
[email protected]> To: [email protected]>
Sir,> we received your email on 18 june 2015 on the email of
DCP/Outer District. In this regard, we can say that your complaint
has been transferred to DCP/North-West District by vide No. 509,
dated> 06.04.2015 for further necessary action. it is therefore
requested that further correspondence, if any may please be made
with DCP/North West District.> for Dy. Commissioner of
Police:> Outer District: Delhi.FROM EOW DPFrom:
[email protected]> To: [email protected]> Date: Tue, 28
Apr 2015 14:44:12 +0500> Subject: regarding forwarding your
complaint> OFFICE OF THE DY.COMMISSIONER OF POLICE,ECONOMIC
OFFENCES WING,POLICE STATION MANDIR MARG COMPLEX MANDIR MARG NEW
DELHI-110001> SIR/MADAM,> Your complaint (No. C-1004/DCP/EOW
DT. 17.03.15 & D-1850/DCP/EOW DT. 17.03.15) has been forwarded
to The Dy. Commissioner of Police, Outer distt. Delhi. Vide
Dispatch No. 1441/Complaint Br./DCP/EOW Dated 20.03.15. You may
contact the concerned office for further enquiry/progress ofyour
complaint. I/C COMPLAINT BRANCH ECONOMIC OFFENCES WING PHONE NO.
011-23746753
ANNEXURE IIISEBI
ReferenceComplaint againstDate filedDate disposed(No of
Days)Reason
SEBIE/DH15/0000911/1Bajaj Capital Ltd. SEBI approved MB
INM00001054423rd April 201511th June 2015(49 days)In view of the
replies from the Merchant Banker and Exchange the complaint is
being closed.
SEBIE/DH15/0001040/1Bajaj Capital Ltd. SEBI approved MB
INM0000105441st June 201522nd June 2015(22 days)Matters pertaining
to Corporte FD's are in the purview of MOCA and not SEBI Matter may
please be taken up with MOCA.
SEBIE/DH15/0000912/1Link Intime India P Ltd.23rd April 20159th
July 2015(77 days)Matters pertaining to Corporte FD's are in the
purview of MOCA and not SEBI Matter may please be taken up with
MOCA.
SEBIE/MH15/0002504/1Plethico Pharmaceuticals Ltd.23rd April
201524th April 2015(1 Day)Matters pertaining to Corporte FD's are
in the purview of MOCA and not SEBI Matter may please be taken up
with MOCA.
SEBIE/MH15/0002506/1Omnitech Infosolutions Ltd.23rd April
201524th April 2015(1 Day)Matters pertaining to Corporte FD's are
in the purview of MOCA and not SEBI Matter may please be taken up
with MOCA.
SEBIE/MH15/0002507/1Elder Pharmaceuticals Ltd.23rd April
201524th April 2015(1 Day)Matters pertaining to Corporte FD's are
in the purview of MOCA and not SEBI Matter may please be taken up
with MOCA.
SEBI is out to protect a Merchant Banker Bajaj Capital Ltd. To
whom it has given a Merchant Banking license to fool the Investors
of India. Under reference SEBIE/DH15/0000911/1 and also
SEBIE/DH15/0001040/1 a complaint was lodged with SEBI against the
said party Bajaj Capital. Bajaj Capital Ltd. themselves replied to
us quoting the same reference SEBIE/DH15/0000911/1 vide their
letter dated 25th April 2015 but SEBI sent this case to NSE and got
NSE to state and rule that our complaint against Bajaj Capital Ltd
was actually against Just Trade Securities Ltd a company unknown to
us and thus settled the complaint.For all other cases language may
be a bit different but the basic premise is the same -It is outside
our purview please contact Ministry of Corporate Affairs. When a
person drowns it is the duty of people seeing him drown to raise an
alarm. SEBI does not follow this basic principle of life. SEBI
claims to be the Messiah of Investors and of the Stock Exchanges
yet it does NOTHING when the first alarm is sounded by FD investors
for Companies quoted on the Stock Exchanges not honouring their
commitments approved by the Central Government and signaling the
coming events of financial gloom of those companies. SEBI follows
the path of inaction and does NOTHING but draws a line around it of
INACTION. It has allowed such companies to fall into the dungeon
and harmed several Equity holders Investment whose value has gone
down the drain. Annexure V of letter addressed to Sh. Upendra Kumar
Sinha Chairman SEBI delivered in their office in Mumbai on 22nd
June 2015 gives suggestions to SEBI with copies to PMO and MOF.
Complete letter at
https://www.slideshare.net/secret/k3wvGXjzn3fIQYSEBI attitude is of
NOT being Pro-active at all and instead of acting on the first
alarm it allows matters to deteriorate till everything is lost.
CASE CLOSED BY SEBI CHAIRMAN SH UK SINHAFrom:
[email protected]: [email protected]:
[email protected]: FW: Complaint bearing SCORES
Registration No. SEBIE/DH15/0000911/1Date: Tue, 21 Jul 2015
12:13:17 +0530
Madam,My profoundest apologies for not thanking you for your
kind reply.I hope you had kept in mind while dealing with these
complaintsSEBIE/DH15/0000911/1 andSEBIE/DH15/0001040/1theCode of
Conduct for Merchant Bankersin Schedule III of the SEBI Merchant
Bankers (Regulations )1992 Regulation
13.http://www.sebi.gov.in/cms/sebi_data/commondocs/mbreguamendmarch2012_p.pdf
Anyway you have closed the case as they relate to FD's.best
regardsRajesh Rampal
From: [email protected]: [email protected]:
[email protected]: RE: Complaint bearing SCORES
Registration No. SEBIE/DH15/0000911/1Date: Tue, 21 Jul 2015
11:33:05 +0530Madam,Your response is in answer to my letter
addressed to your Chairman Sh U.K. Sinha with copies to PMO and
MOF.While writing the letter I had a hope agaisnt hope that
probably SEBI will try to look beyond its nose for a change and
realise that the complaint is agaisnt Merchant Banker -Bajaj
Capital LtdMB INM000010544who has been licensed by SEBI. I had a
faint hope that SEBi will look at the bigger picture and cancel the
license of Bajaj Capital Ltd. after seeing his ethics and ethos and
false claimes and work practices.Alas it was too much to expect
from hard nosed Bureaucrats who not only failed to act on this
complaint SEBIE/DH15/0000911/1 but also on SEBIE/DH15/0001040/1 and
several others too.Since you have closed the case but unfortunatley
not me as I intend to pursue this further. Perhaps only a public
interest litigation in the Supreme Court will make the Government
wake up to the hardships faced by Investors in Corporate Deposits
approved by Central Government and non-payment of Principal and
Interest to Depositors. Unscruplous promoters manage to buy dubious
assets abroad with these borrowed funds and no Goverment body or
agency raises a finger - who all end up saying -not my work. Where
does the Buck end?Any body ever heard what the term pro active is?I
have had my fair share of dealing with MOCA who are a total
hopeless mechanism.Best regardsRajesh Rampal
From: [email protected]: [email protected]:
[email protected]: Complaint bearing SCORES Registration
No. SEBIE/DH15/0000911/1Date: Mon, 20 Jul 2015 11:17:33
+0000Sir,1.This is with reference to the captioned complaint
against Bajaj Capital Ltd.2.It is informed that matters pertaining
to Fixed Deposits are under the purview of Ministry of Corporate
Affairs (MCA) and SEBI does not regulate deposits. In view of the
same, the matter may please be taken up with MCA.3.In view of the
above, your captioned complaint has been closed in SCORES. The
status of your complaint can be viewed from SCORES website at
http://www.scores.gov.in/.Regards,Esha KapoorManagerSecurities and
Exchange Board of India5th Floor | Bank of Baroda Building | 16,
Sansad Marg | New Delhi 110 001| INDIA |Direct Line: +91 11 2345
1053 | Board Line: +91 11 23724001-05
|e-mail:[email protected]|www.sebi.gov.in|
