KALIMPONG 31 Jul 2014: One after another, Kalimpong is churning out companies that have allegedly been engaged in ‘shadowy’ deals. If the first ones to get exposed were Basil, Rose Valley, Axis Multi-developer, Prayag Group and Gulshan Group, pleading their inability to reimburse investors, it is now the turn of Golden Parivar and Ramuel Group of Companies to throw up their hands.
According to sources in the know, Golden Pariwar and Ramuel Group have failed to reimburse due amounts of their clientele since the past one year. After the Sharada fiasco came to the fore, these small-time chit fund companies are also facing troubled times. Both Golden Parivar and Ramuel Group have their respective offices on the same building at DB Giri Road, but they are under lock and key.
The two companies had ventured into Kalimpong back in 2010 projecting themselves as product-based enterprises and while Golden Parivar had managed to collect about Rs20 lakh, Ramuel Group amassed some Rs25 lakh. However, both companies failed to repay their customers, said the sources.
Some investors are of the opinion that a number of bank accounts of the two firms have been frozen following the Sharada scandal. This could be the main reason why the companies have their hands tied and are pleading helplessness before investors. However, there has been no official confirmation of this directly from company officials and efforts to contact them over telephone bore no fruit.
The hills of Darjeeling and their residents, perhaps due to their naiveté or simply greed to get quick returns from their investments in companies that have mushroomed over the past decade or so, have seen their hard-earned money disappearing on most occasions. Many Kalimpong residents remain helpless and silent spectators seeing their lifelong savings disappear.
It may be recalled that this trend of rampant looting by so called bogus companies started around 14 years ago when a product-based company called Subam introduced itself to the townsfolk with irresistible promises of handsome payouts.
Speaking of these fraudulent firms, one is reminded of Docomo SMS, Cyber Job and Unipay besides a number of others that have been a bitter experience to Kalimpong residents. There was a time when the town was home to more than two dozen such companies whose actual modus operandi is still in doubt.
Following last year’s Sharada chit fund scam and the July 21 incident when Basil International could not repay investors, the other remaining companies with the same profile are also being viewed with strong suspicion.
Source: EOI
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| Two more Chit fund firms under scanner in Kalimpong |
The two companies had ventured into Kalimpong back in 2010 projecting themselves as product-based enterprises and while Golden Parivar had managed to collect about Rs20 lakh, Ramuel Group amassed some Rs25 lakh. However, both companies failed to repay their customers, said the sources.
Some investors are of the opinion that a number of bank accounts of the two firms have been frozen following the Sharada scandal. This could be the main reason why the companies have their hands tied and are pleading helplessness before investors. However, there has been no official confirmation of this directly from company officials and efforts to contact them over telephone bore no fruit.
The hills of Darjeeling and their residents, perhaps due to their naiveté or simply greed to get quick returns from their investments in companies that have mushroomed over the past decade or so, have seen their hard-earned money disappearing on most occasions. Many Kalimpong residents remain helpless and silent spectators seeing their lifelong savings disappear.
It may be recalled that this trend of rampant looting by so called bogus companies started around 14 years ago when a product-based company called Subam introduced itself to the townsfolk with irresistible promises of handsome payouts.
Speaking of these fraudulent firms, one is reminded of Docomo SMS, Cyber Job and Unipay besides a number of others that have been a bitter experience to Kalimpong residents. There was a time when the town was home to more than two dozen such companies whose actual modus operandi is still in doubt.
Following last year’s Sharada chit fund scam and the July 21 incident when Basil International could not repay investors, the other remaining companies with the same profile are also being viewed with strong suspicion.
Source: EOI
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