FINANCIAL FRAUDSTERS WHO DUPE PEOPLES’ MONEY NEED TO BE DEALT WITH SEVERLY IN INDIA

As the science and technology is advancing so are the frauds, particularly the economic frauds galloping with high speed duping hundreds of thousands of innocent people in the vast country like India which is the second largest country in the world in terms of population with more than 60% people still living in rural India and not so literate.

Therefore the fraudsters find more scope to commit their illegal acts duping investers in the names of doubling their money in a short span of time enticing them in the name of reputation or big brands and finally eloping with huge amounts.

In India such economic frauds have become the order of the day with fraudsters and tricksters fleeing out of the states or country and seeking foreign citizenship or tranmitting/ transacting the entire money collected illegally from investors or their so called valued customers in foreign banks finally physically eloping abroad with families thus leaving hundreds of thousands of investors who’d invested their hard earned money in lurch and utter shock.

There have allegedly been hundreds of suicides by the people who’d lost their lacs of Rupees, even crores or say the entire savings of the life by being tricked, defaulted or betrayed by such fraudsters. I remember a company called City Lumisoune which duped thousands of investers of several thousand crores, myself being one of the victims with bounced checks still in my possession n no hope of getting back the invested hard earned money.

There are builders, big finance companies, chit fund dealers and those who promise to double the income in a year or two years time thus manipulatingly enticing investers out of the greed of getting the money doubled.

But the most worrisome part the whole story is, the successive governments at the centre or states have not shown any evidence of being serious in penalising these fraudsters who are till date active in various parts of the country.

As far as I personally know not a single investor duped by these fraud outlets or companies or in negligible numbers have received back his or her hard earned money invested in these fraud companies.

Slowly n gradually the duped invester is compelled to forget the fraud due to various other problems cropping up in their lives and hence these financial criminals get off conveniently from the shackles of law, to again go for such financial misadventures.

India, unfortunately has allegedly become a safe haven for these fraud companies or individual fraudsters who influence the system, police, financial regulators by allegedly in league with them and finally getting off.

If one seriously goes to check the record of such financial fraudsters and if the government agencies really, earnestly release their records in the open for the general public viewing, I am sure not only will we find several unresolved cases but would also be shocked to find the duped amount by these dubios financial companies or private players in fraud businesses going in hundreds of thousands of crores.

The few instances of Ponji Scheme fraud of 500 crores, City Lumisuone fraud, Mumbai, fraud in the name of tree plantatiin, Sahara, Kingfisher, Neerav Modi and Mehul Chouksi and Lalit Modi etc etc are in front of us( that have been highlighted by the media) and the government of the day is not able to do anything credible to bring them back to India and retrieve the government’s money which ultimately is the miney of publiq exchequer, that amounts to more than 15000 crores.

Just imagine that if the system could not recover its own money from these financial fraudsters, how would the general public duped by these fraudsters ever receive their individual money. Sounds shocking.

These days a new fraud is being committed right under the nose of the banking system. There are hundreds of fraud call centres working in India clandestinely who are making false calls and duping people of their entire bank savings after imposting themselves as bank managers or employees and asking them their pan numbers or Adhar Card details inorder to reopen their regular bank account which these fraudsters claim has been closed.

The account holder usually gets confused, particularly the not so educated, women or senior citizens and part with the pan numbers or other adhar card or bank details finally finding their entire savings having been siphoned off by these fraudsters.

But hardly anything seems to have been done from the government’s side, as such fraud calls and threatening is on, on peoples’ mobiles disturbing their peace of mind and confusing them very often.

Just today in my presence a friend of mine got a fake or prank call from two mobile phone numbers ( secured with him) asking him his adhar details and pan card details under the pretext that his SBI account has been closed and for reopening it , the fake caller, who claimed himself as the SBI branch manager said that he needs them urgently.

When he called back and pressurised the caller to reveal his details : he said that he is calling from the main SBI headquarter Kurla, Mumbai and disconnected the call in a huff. The receiver of the call said that this is the third call he has received today.
What’s your take friends?