Hi Friends,

I have also invested money in Shree Om Sai Nath Car on Rent. Not only one but 4-5 investments. For Last 2 years i never faced any problem from their end. Its a really a hard times for the company and we all need to cooperate them. We should not create panic or any disturbance as people did for City Lemouzine.
As i know Mr Roopesh Verma he is a very nice person, I never meet him but the way he respond to my emails reflects his personality. He has to stay in market he is working hard to come up with this crisis. Again please maintain your patience and do not create any problem.

Thanks
Ajay Sinha
Delhi

hiiiiiii frnds,,
i am one of the investor of shree om sai nath..believe me m not making any one fool..even i m saying that if anybody got the solution to overcome these problems and got teh solution to recover their loss then plzz tell me also help me also guys plzz..garib insaan ko maar diya
email me the solution plzz:----ujjwal_sharma20002@yahoo.co.in

Today I was informed that Mr Rupesh presented in Patiala House Court where he has admitted to give money of everybody. By 20th ECS will start. He is on 2 days remand now. Can anybody update me on this.

First of all understand that any high retun investment has high risk also. Now just by writing panic messege what people want to acheive? Understand that if everyone withdraw money from a big bank, the bank becomes bankrupt and people will lose money.
Now this panic is very dangorous for peopele who are creating panic as well who are not creating panic. Inflow will stop because these negative messege. And if inflow stops even a big bank will be in trouble. My advice is understand the risk & situation and give time to authorities to handle it.

A singh

Some one is trying to Defame SOSN
There has been deliberate attempt by Some people to defame SOSN. I was there to attend the Press Conference but we were not allowed inside. As per information two ladies didnt allowed Mr. Rupesh Verma to speak. The copies of Press release was distributed to journalist but I was not able lay my hands on as known bank has issued same series cheques to some ttk co. and SOSN and some people planned the fraud through them on lajpat nagar branch same happened in case of Satetsman hs Branch also later. Wherein SOSN lost quiet an amount through it.

As known through public those females again instigated the crowd when Mr. Rupesh came out to speak to public by saying Maro maro hath may churia pheni hui hai kya any way as a precaultionary measure Mr. Rupesh was taken to Parliament Street PS.

This females again instigate the crowd to go to the PS and create hungama there and lodge complaints to derail the process of ECS verification & disbursement.

I met many people who have received money through ECS their and also person who have actually gone to Mumbai office by flight and met Mr. Rupesh and was very much convinced that the company is working and all the money is in safe hands and will be given to each investor as per the terms and conditions of the agreement. Every body was positive and was having faith in SOSN and no one was willing to file any case.

As known they have tied up with ICICI, IDBI and IOB for disbursement of money. Their outgo is hardly 30cr pm which is peanut for them and they are earning crores through this schemes and moreever they are willing to pay.

I request all Investor to join hands and get the delhi and other offices functioning so that the ECS process can start at the earliest. It is very much in our interest to do so.

I have spoken to their ofice in Banglore, Pune and Nagpur they are functioning efficiently.

Lets make an SOSN Investors Forum and meet at 11 am on Monday 21st December 09 at SOSN delhi office

As soon AS ECS process starts, investor of om sai himself defend the company. Notice on the net already stands issued by shree om sai car on rent on their website.In the dicussion forum also mostly people were positive. Company should immediately open the DELHI office under the protection of Police/Guard. Limited people be allowed to attend the office till 20-25 dec. All the formalities be completed for ECS immdtly. In my opinion gathering of large people at SOSN office on a fixed day will again creat a problem untill people do not get their income. I personally request MD Shri Roopesh Verma to start payment process of Delhi office who have deposited form, cheques, agreement to overcome the situation. It is earnstly requested to kindly do not wait for Image damage/financial loss from Axis bank for payment to the investor. You have the blessing of Om Sai and Shree om sai will bless more you in the days/years to come as we all are praying for the same and your business will grow in manifolds.

Originally Posted by Unregistered

There has been deliberate attempt by Some people to defame SOSN. I was there to attend the Press Conference but we were not allowed inside. As per information two ladies didnt allowed Mr. Rupesh Verma to speak. The copies of Press release was distributed to journalist but I was not able lay my hands on as known bank has issued same series cheques to some ttk co. and SOSN and some people planned the fraud through them on lajpat nagar branch same happened in case of Sattesman hs Branch also later. Wherein SOSN lost quiet an amount through it.

As known through public those females again instigated the crowd when Mr. Rupesh came out to speak to public by saying Maro maro hath may churia pheni hui hai kya any way as a precaultionary measure Mr. Rupesh was taken to Parliament Street PS.

This females again instigate the crowd to go to the PS and create hungama there and lodge complaints to derail the process of ECS verification & disbursement.

I met many people who have received money through ECS their and also person who have actually gone to Mumbai office by flight and met Mr. Rupesh and was very much convinced that the company is working and all the money is in safe hands and will be given to each investor as per the terms and conditions of the agreement. Every body was positive and was having faith in SOSN and no one was willing to file any case.

As known they have tied up with ICICI, IDBI and IOB for disbursement of money. Their outgo is hardly 30cr pm which is peanut for them and they are earning crores through this schemes and moreever they are willing to pay.

I request all Investor to join hands and get the delhi and other offices functioning so that the ECS process can start at the earliest. It is very much in our interest to do so.

I have spoken to their ofice in Banglore, Pune and Nagpur they are functioning efficiently.

Lets make an SOSN Investors Forum and meet at 11 am on Monday 21st December 09 at SOSN delhi office

As you have written that someone is trying to defame SOSN. If company has no intention of doing fraud with the investor's money, no one else can defame the SOSN. Since the investors have invested their money with the company, not it the morale responsibility of the company to take care of the investors and should start ECS asap, because the investors have already paid one or two installments of the EMI of their vehicles leased to company without receiving the amount of profit + EMI. Now any one can emagine how the investor can pay the EMI of the vehicle without receiving from the company. My request and suggestion is for the company that Company should start transferring of money into the investor's accounts through ECS immeditely and see the result, how the investor's will coperate the employees of the company at all branch offices and no one can stop the growth/shine of the company. Today I talked at Mobile Nos 09239917672, 09717776957 ans 09321422077, they all replied that they have got the police protection and most probably Delhi Office will re-open from Monday on 21 Dec 2009 and ECS will commence from 25th Dec 2009. Let us wait and hope for the good news. After failure of City Limouzines, maximum investors were attracted towards SOSN and invested money with this company. Now it depends on the SOSN company whether it will get through the time of their test or not. We don't know who is this Mansoon Raj. I sincerely request him to please give his mobile number, so that we can contact him to know the factual position.

Thanks

Om Prakash Narwal

I am a investor in this company in Mumbai.I think this all story created by Om Sai nath company is planned. All this investment company does fraud and they have thought a new plan (about fraud by axis bank) to just misguide the investors. I dont think they will pay. I have submitted my application for ECS payment( as told by their staff) at least 30 days back and still I have not received my payment. Now their MD is also arrested. This is another great fraud after Limouzine.

As per mumbai office most of the verification and feeding has been done including delhi ncr data they are trying their best to start the ecs by 26th december 09 and also the delhi and all NCR & franchisee office they are also coming with new good investment schemes.

lets wait and get our money

Hi Dear,

i am also a investor not only one time its alos 4th time from last two yr approx. i have never been any problem such like that, but now in this situtation i dont know is the money mistakely fraud by bank or it fraud by mr, RUPESH VERMA. now the quastion is What shall invester do will they return back their money or not??? if anybody of rfecent new pls display soon. so that the invester will be pls.


another thing if Sainath is a ISO company & also having a good networth, alos having many resort/ car rent also may having good income sources form public investor money then why not he return back investor money?????

I have spoken to mumbai office today and as per them most of the verification and feeding has been done including delhi ncr data they are trying their best to start the ecs by 26th december 09 and also the delhi and all NCR & franchisee office they are also coming with new good investment schemes.

lets wait and get our money

Dear Investors,

Has Anyone , i mean by any one of the Investor has asked AXIS Bank about the claim OSN is making about the Fraud , after all AXIS bank is also a reputed Bank and they will not defame their image and if this is true can anyone tell me how to proceed and let RBI know about the act been done by AXIS Bank , after all if investors are suffering then why not the BANK itself .

A fraud has happened as per OSN company by AXIS bank so they should also be penaliszed .

REST ALL IS LEFT on HOPE and lets see what happens when ,

DELHI AAJ Tak flashed this news on their Channel and declared this company as FRAUD.

now tell me who will trust and take panga from PRESS.( they must be having some inside news )

Lets all see what happens and please continue with the forum in interst of all the investors .

NEW DELHI - A private investment group on Monday claimed to have suffered a huge loss due to the acute apathy of Axis Bank, and blamed the bank for issuing of duplicate cheques that eventually bounced.


The Managing Director of the Shree Om Sainath Group, Roopesh Verma, told a news conference here on Monday that the alleged fraud had been going on for quite some time.

“This huge fraud and neglect has been going on for quite some time, despite our repeated reminders and numerous e-mails sent to a great number of authorities of various levels from top to bottom, including the President of the Axis Bank, Ms. Shikha Sharma,” said Verma.

Verma, during the conference, distributed some copies of cheques and his company’s correspondence with the bank to substantiate his allegations with ‘proof’.

He said that his company exchanges thousands of cheques running in crores of rupees which are credited /debited every month, in the twelve functioning accounts with the various branches of Axis Bank across the country.

He showed to the media that the bank has issued two different cheques of exactly same number to two different people. He claimed that though the bank acknowledged their mistake but they refused to take any action.

Verma said: “Due to the duplicate stationary / cheques our clients have been facing problems of their cheques bouncing, with reason item listed twice.”

He also narrated the problem was related to the identification of original cheques from duplicate ones, as both are issued by Axis Bank only. He alleged that the bank never helped his company in this regard.

Verma also alleged that some of the cheque leaves issued to his company by the bank were without the cheque number printed on it and all such cheques had been returned promptly to the company.

The company claimed that some of fraud cheques allegedly issued by it got credited in an account of the Axis Bnak, but the bank did not heed repeated requests by the company to provide address and details of the offending account holder.

“The saddest part is that they did not even take care to check the authorization of the signature, otherwise this credit would not have occurred in the first place,” Verma said.

The company also alleged that the bank cleared the cheques with multiple corrections, and also cheques containing fraud signatures.

Verma said his objective was to press the alarm button to aware public of such frauds and also demanded an inquiry into the entire episode.

“We demand a full-fledged inquiry into the matter whoever is the culprit should be brought to books,” Verma said. By Shreeraj Gudi (ANI)

See news on yahoo "Axis Bank accused of issuing same series of cheques to two companies", india news 24 webduniya , andhara news .net and many news
website regarding wrong/negligency done by employees of axis bank bangalore. We should keep close watch on the situation but should not speak against the company if we want our growth. Our growth depends on the company's growth and perhaps they are doing best at their end. MD Who came us to clarify the things was not given due honour. May God give hisfamily str to bear the inhumaliation faced by him and forgive. In return he should give them their payment to prove his high bussiness thinking.

This double cheques issue of SOSN created seems to be an hand of an insider of the company. Do u think such a reputed bank can do such a silly mistake. The bank will loose its credibility. Why dont the company show the complaint letter(as they claim) they have written to RBI.The company is always sending SMS for promotion of their investment plans but why dont they inform about this problem through SMS. Are they hiding something or they are going to hide permanently?