Name & Shame Bhagtani Builder's Employees & Bankers
20th September, 2017, Mumbai: During the past 3-4 days, the victims of Bhagtani builders from various projects such as (Savannah, Sapphire, Serenity and Riyo) have started going in groups to Santacruz Police Station and giving their statements. Hopefully, we will see more FIRs being registered against the Dipesh, Mukesh and Lakshman Bhagtani for cheating. It may not be long before they are arrested and interrogated by police.
SOME QUESTIONS ARISE:
1) Will investors get back their money? Will the courts and/or other authorities recover the money from wherever the Bhagtanis have siphoned it off? Will they start recovery proceedings and get the money back within a reasonable timeframe, and return it pro-rata to investors? One hopes so; it is necessary for all of us to work towards that objective. If our system fails to deliver some kind of justice and payback, a couple of hundred NRIs who invested in Bhagtani projects may lose faith in the Indian system, and may spread the word that India isn't a reliable investment destination. The authorities should remember that our nation's reputation is at stake here.
2) Will victims name Bhagtani's office staff? Most investors forget that the work of cheating them was mostly done by salaried staff -- Customer Relationship Managers, Sales Manager, etc. Victims were (and still are) interacting with and following up with office staff. The staff has been shielding the Bhagtanis from angry victims for years, by giving various false assurances and wrong facts on their behalf. Every few months, the employee changes, and the victims have to frustratingly start all over again by updating the new one about the commitments made by his predecessor! Please name and shame the staff members on social media, and also put their names in your FIR as conspirators. Remember, they earned their salaries by cheating you of the money that rightfully belongs to your wife and children! For many years, the only work done in Bhagtani's staff is cheating and misleading customers after calling them to the office! Bhagtani builder's office has wiped out not only the life savings of individual families, but also over 100 extended families, consisting of parents, brothers, sisters, in-laws etc, who were persuaded by the main victims to book a flat!
3) Will the bank branch (and branch managers) be shamed? The Bhagtani builders bounced over 1000 cheques in the last few years i.e. an average of at least two per day! This isn't normal and acceptable by banking standards! So, did the bank officers, particularly branch manager, initiate any action against Bhagtani? Did the branch manager take steps to close the accounts of the Bhagtanis for violating banking norms? One doubts it! Remember, bouncing the cheques was a not an accident that happened only with you; it was a regular modus operandi for Bhagtani builders, and it happened with hundreds of investors! Bouncing post-dated-cheques repeatedly was an important part of Bhagtani's strategy. So, please name and shame the bank branch that aided and abetted Bhagtanis in cheating you!
Even if these people quit their jobs and go to work elsewhere, they should carry the bad reputation that they earned while working for Bhagtanis! The employees and bankers were Bhagtani's collaborators, who aided and abetted in the cheating. So let us create a database of the names of Bhagtanis crooked employees, and also the dishonoured cheques. Please email or whatsapp me the name and designation of the employees (along with their photo and/or photo of their visiting card), and clearly mention the role that they played in cheating you. Also email or whatsapp photos of the dishonoured cheques. I would like to publish these details as a database, and it may be useful for our case in High Court also.
SOME QUESTIONS ARISE:
1) Will investors get back their money? Will the courts and/or other authorities recover the money from wherever the Bhagtanis have siphoned it off? Will they start recovery proceedings and get the money back within a reasonable timeframe, and return it pro-rata to investors? One hopes so; it is necessary for all of us to work towards that objective. If our system fails to deliver some kind of justice and payback, a couple of hundred NRIs who invested in Bhagtani projects may lose faith in the Indian system, and may spread the word that India isn't a reliable investment destination. The authorities should remember that our nation's reputation is at stake here.
2) Will victims name Bhagtani's office staff? Most investors forget that the work of cheating them was mostly done by salaried staff -- Customer Relationship Managers, Sales Manager, etc. Victims were (and still are) interacting with and following up with office staff. The staff has been shielding the Bhagtanis from angry victims for years, by giving various false assurances and wrong facts on their behalf. Every few months, the employee changes, and the victims have to frustratingly start all over again by updating the new one about the commitments made by his predecessor! Please name and shame the staff members on social media, and also put their names in your FIR as conspirators. Remember, they earned their salaries by cheating you of the money that rightfully belongs to your wife and children! For many years, the only work done in Bhagtani's staff is cheating and misleading customers after calling them to the office! Bhagtani builder's office has wiped out not only the life savings of individual families, but also over 100 extended families, consisting of parents, brothers, sisters, in-laws etc, who were persuaded by the main victims to book a flat!
3) Will the bank branch (and branch managers) be shamed? The Bhagtani builders bounced over 1000 cheques in the last few years i.e. an average of at least two per day! This isn't normal and acceptable by banking standards! So, did the bank officers, particularly branch manager, initiate any action against Bhagtani? Did the branch manager take steps to close the accounts of the Bhagtanis for violating banking norms? One doubts it! Remember, bouncing the cheques was a not an accident that happened only with you; it was a regular modus operandi for Bhagtani builders, and it happened with hundreds of investors! Bouncing post-dated-cheques repeatedly was an important part of Bhagtani's strategy. So, please name and shame the bank branch that aided and abetted Bhagtanis in cheating you!
Even if these people quit their jobs and go to work elsewhere, they should carry the bad reputation that they earned while working for Bhagtanis! The employees and bankers were Bhagtani's collaborators, who aided and abetted in the cheating. So let us create a database of the names of Bhagtanis crooked employees, and also the dishonoured cheques. Please email or whatsapp me the name and designation of the employees (along with their photo and/or photo of their visiting card), and clearly mention the role that they played in cheating you. Also email or whatsapp photos of the dishonoured cheques. I would like to publish these details as a database, and it may be useful for our case in High Court also.
ISSUED IN PUBLIC INTEREST BY
Krishnaraj Rao
krish.kkphoto@gmail.com
816 947 1229 (Whatsapp)
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