UPDATE FROM PUNE

Honourable Judge Italkar remanded Roopesh Verma to Police Custody upto 23rd March 2010.

Log on to your own website INVESTORS DESK - Shree Om Sainath Car On Rent Ltd.

Yours in support Investors Desk @ SOSN

Originally Posted by Unregistered

Our stand vindicated – Fraud yet to be proved

Today as per the charge sheet presented by police/eow specifying details of allegations of cheating IPC 420, Breach of Trust 406, Breach of trust by a government servant 409 & criminal conspiracy 120B had submitted the 2500 complaints filed by Investors as evidence of cheating (though complaints are no evidence) with almost No evidence/proof of Fraud & misappropriation of funds, claiming about 20-22 crores rupees as dues (as per vague information the calculation for every complainant, whether one was a member from Jan 2007 or in Dec 09 was made on the invested amount + profit/compensation + EMI for the entire period of 60 months i.e. Rs.125000/- + 8040 * 60 = Rs.607400/- as claimed amount).

The police/eow also stated that in Delhi/NCR SOSN has 2 hotels and resorts whose value is 50-60 crores, 2 Flats, Own offices & properties across India, good nos. of vehicle (163 in Delhi alone, 450 in Mumbai and also in other cities) 20 crores of Rupees in cash/bank account. The police/eow said that the process is yet to be completed & is still on to find out other properties, cash, bank balances, vehicles etc from other eow offices across India even after getting the copy of balance sheet, P/L A/c from the court they still on work.

Mr. Arya tried for the bail plea (Mr. Verma was not present as he is still in Mumbai) but the Judge gave 29th March 10 as next hearing date as he was perplexed by the apathy of police/eow seeing the charge sheet with almost no evidence/proof of fraud did not heard the bail plea. The Judge also kept a copy of charge sheet for himself, gave a copy to Mr. Dharmendar Arya to study & asked to present his views on 29th March 2010. The lawyers of complainants were also dumbfounded and didn’t utter any thing other then the demand for the complainants money in huge proportions (as mentioned above 20-22 crores -10% of it is big amount).

As per media report sosn has 21000 investors across India based on no. of applications; it means if an application is made of average of Rs.150000/- multiplied by 21000 = 315 crores and SOSN has assets worth 300 crores as per B/S & 10-12 crores monthly income as per P/L A/c then there is no need to panic because almost 40-50% of investors must have received their invested amount back & if had made any complaint then cannot make claim as the court had already made a view on it. Other complainants who have invested in last one year will get their dues – what they have already received i.e. if 150 cr is used for that then those who have submitted AOS/DFS stands a good chance, still 150 crores can be utilized for giving regular returns/profit/compensation to investors.

Sosn Investor Forum view:

Why is there no clear picture given by police/eow other then just indication of cheating IPC 420, Breach of Trust 406, Breach of trust by a government servant 409 & criminal conspiracy 120B by Roopesh Verma in the charge sheet & the no. of complaints are the only basis for the same. Does complaints/FIR against someone make him guilty whether Yes or No, why the investors are made to suffer for the same?

As the no of complaint/FIR are increasing by leaps & bounds due to panic, ignorance of law/judicial system, no information by sosn staff, fleeced by police, lawyers, peer pressure, campaign etc. the investors are clueless & direction less but the complaint/FIR are only going to complicate the matter further. Seeing Mr. Verma face to face in court/jail will not solve our problem but delay the release of investor’s money.

What we understand from above observation is that the complainants & lawyers had made a hasty decision of filing FIR & had blocked the lifeline of earning for rest of the investors. Most suffered are Sr. Citizens, Loaned, Poor & downtrodden who must have deposited each penny of their life saving, persons who planned studies of their children, marriage of daughters/son etc., Police/eow would not help anyone they are only interested in carrying on the investigation for years (case of 1999 is still on source-eow website). Even claimed figure is hypothetical & exaggerated as per e.g. of calculation given it might come down to 5-6 crore only. Our main focus has been that the company should start its operation as directed by court & under the observer appointed by it with or without Mr. Verma but with members of Investor Forum of individual cities sosn centres!

If Not then we all Investors across India has to come together and form a pan India Sosn Investors Forum duly registered (can be a trust/society) and press upon government/court for taking over the management of sosn as was done by govt. for satyam, now bought by Mahindra tech even when Mr. Raju is denied bail.

The Sosn Investors Forum Management with the help of government should work out the solution of repayment of dues to the investors & rerunning of the same as there is good income coming from Hotel/Resort, Car rentals & allied activities in crores which can be used

Unfortunately or fortunately we are yet to know whether Mr. Verma is innocent or planned a fraud as we had mentioned neither we support Mr. Roopesh Verma nor we are against him, and also we don't want to jump to any conclusion.

As per information from Pune Mr. Verma had calculated his dues to all the investors, which he says is only 50 crores, if it is so all investors who have made complaints, who have not made complaint or have not submitted AOS/DFS are the looser as they will be out of the gambit. Now whether sending AOS/DFS will help or not no body knows.

Now even after winning the battle we may loose our regular monthly income, if Mr. Verma returns every investor’s dues.

sosninvestorforum@gmail.com

I fully agree that since 11 Dec 09 the events turnout never pointed towards fraud only some overzealous persons & lawyers irrespective of knowing that police & court in India never can give money immediately taken everybody for ride. From Sr. citizens to youngsters every one suffered.

Even now if Roopesh verma gives even 50 crores as there is no fraud done by him & he says is only due to investors one should accept it let the company run so rest of the people start getting the money every month. One should be thank full to sosn investor forum for giving so much broad information every time & helping every investor. Now the court should fast track the discussion on charge sheet & release roopesh verma.

I support the release of roopesh verma as he has not done any fraud

Hi I am still confused whether to complaint or wait? also i see we inverstors against each other. Please suggest whether we should file a complaint or wait & if we have not complained would we be considered if the court decides to pay only the invested amount?? as we have not got any clear picture / guarantee, whether Rupesh Verma has the intensions to pay the investors..

please suggest.

Regards
&
Praying for all of us

Originally Posted by Invester

Hi I am still confused whether to complaint or wait? also i see we inverstors against each other. Please suggest whether we should file a complaint or wait & if we have not complained would we be considered if the court decides to pay only the invested amount?? as we have not got any clear picture / guarantee, whether Rupesh Verma has the intensions to pay the investors..

please suggest.

Regards
&
Praying for all of us

Hello every body, i am from Pune and due to some official work i went to Delhi, and thought of meeting Advo. Mr . Dharmendra arya. So today i personali mate him and had a word with him regarding the current scenario . He told me that Mr. Rupesh verma is ready to pay the investors amount but the judge is behind investigating the assets of Mr rupesh verma. he also told me that he will definitely help the investors in getting their amount. also he said that there are more than 2500 declaration form already submitted to his office and everyday or the other someone is sending . so some action will be definitely be taken through the declaration forms. So guys wate for some more weeks...!


Sonale

Originally Posted by Unregistered

Hello every body, i am from Pune and due to some official work i went to Delhi, and thought of meeting Advo. Mr . Dharmendra arya. So today i personali mate him and had a word with him regarding the current scenario . He told me that Mr. Rupesh verma is ready to pay the investors amount but the judge is behind investigating the assets of Mr rupesh verma. he also told me that he will definitely help the investors in getting their amount. also he said that there are more than 2500 declaration form already submitted to his office and everyday or the other someone is sending . so some action will be definitely be taken through the declaration forms. So guys wate for some more weeks...!

Sonale

Dear All,

It seems to be good opportunity for Investors who would like to give conditional support to Sosn/Roopesh Verma by giving Affidavit of Support/Declaration for Support for conditional Bail/release of Mr. Verma, as per Mr. sonale who met Mr. Arya "2500 declaration form already submitted" which is acting as cushion against adversaries in the form of complaints and the Judge/court has already made a note of it & have made the basis for rerunning of company & give profit/compensation for the rest of the 60 months period.

We suggest the AOS/DFS can/may be given to the local advocate if appointed by Mr. Roopesh Verma, so the same can be presented/put on record in local court as well or otherwise can be posted to Mr. Dharmender Arya.

If some one wants a format of AOS/DFS they can send an email for the same to sosninvestorforum@gmail.com. Sosn Investors Forum is also in the process of developing the claim form based on the observations/direction of the court we will email it to all the investors who are on our mailing list.

sosninvestorforum@gmail.com

i and my wife r a member of sosn and r not getting regular updates about wat is happening with roopesh verma and about the courts decision. i had invested the a certain amount in the company on october 2008 and another on july 2009 and hav not even got the investad amount. please help us as we are in a financial crisis.

Hello mr Sonale,
Can i have your contact number or mail id so that i can speak to you, I am also an Investor with SOSN from Pune.

thanks and regards,
an Investor

Originally Posted by Unregistered

Hello every body, i am from Pune and due to some official work i went to Delhi, and thought of meeting Advo. Mr . Dharmendra arya. So today i personali mate him and had a word with him regarding the current scenario . He told me that Mr. Rupesh verma is ready to pay the investors amount but the judge is behind investigating the assets of Mr rupesh verma. he also told me that he will definitely help the investors in getting their amount. also he said that there are more than 2500 declaration form already submitted to his office and everyday or the other someone is sending . so some action will be definitely be taken through the declaration forms. So guys wate for some more weeks...!


Sonale

[QUOTE=Unregistered;39935]

Originally Posted by Unregistered

Sir / Madam,
I am a investor of company "shri resort" a unit of Shree Om Sai Nath Car On Rent Pvt, as per promised by authorities of Delhi office, They provide us a agreement and monthly and annual cheques against one time investment and we have to put these cheques on 10th of every month in over banks. Till October'09 all went fine but in Novmber'09 they have bounced aprox. 70% cheques due to funds not sufficient, as per them they have some problem with that (lajpat nagar branch of Axis bank) so they will do the direct money transfer, for that we have to submitted over original cheques and photocopy of that agreement, we had submitted it but on 10 Dec'09 we haven't received any money in over bank accounts and the other branch (Statements house, CP) cheques also bounced due to stop payments and offices are closed by afternoon today(10th Dec’09), as per them they will transfer money by Monday (14th nov'09). can any one suggest what will I do, I am in very big trouble. the office address of Shree Om Sai Nath Car On Rent Pvt is "514,5th Flr, naurang House,21, Kasturba Gandhi Mg,, Cp, Delhi-110001" Phone : 011-43592940.

With best regards,
Meghna Shah

dear friends
ye vinay maroo apna website chala kar paise kama raha hai. isko investers ke paison ki kuch nahi padi hai wo investers ke naam par khud ki publicity kar raha hai. iss ke chakker mein mat phanso. ye jis company ka khaya hai ussi ko barbad kar raha hai. beaware of him he just want to be famous so that he can do marketing of his real estate business. SOSN may se shuru ho rahi hai aur logon ka paisa safe hai. i met roopesh verma on 17th at mumbai even i had seen the balance sheet & audit report which is there with the coiurt & with the lawyer so have trust on god be assure that everyone will get there money it is 100% sure. please apply your own brain and avoid broker like vinay maroo.

It is big doubt in the minds of all investors,that why none of the sosn company directors,rupesh varma family members are communicating to investors for any problems of the company-sosn? Why only rupesh varma is in jail for more than three months?why concrete plan or alternative management is not implemented by this public limited,iso certified company?
If any of them is really bothered for the hard earned money of the investors,some of them should come forward & give solution to the investors.now three months are already over & nothing is getting materialized even with aos.all india investor forum should come forward & take over the management of sosn , completing the due formalities,apply for the same like styam.

Pune Investors met Mr. Roopesh Verma in Kothrud Police Station,

Mr. Verma said he is ready & willing to give dues of investors & want to run the company, But as the police/eow is delaying the bail/release, he cannot make payment before that. He requested the investors to help him get bail, besides that as the matter is sub-justice he cannot comment much and unless & until the accounts are de-friezed he is helpless to make any payment.

sosninvestorforum@gmail.com

Dear All,

As many investors are in belief that everything will get automatically corrected & the usual way will follow and have written to us about future course of action this is what we have replied, kindly pay attention.

We believe as of now no fraud has been detected or evidence/proof for the same is yet to be presented by police/eow, If the same is not submitted in the court by 29th March 2010 (next hearing Delhi) then the court should invite Investors or representatives of Investors Forum (if any made) along with the complainants most probably without lawyers (or they might spoil the cake) to discuss the problem face to face with Mr. Verma & decide a solution. And if the solution is workable an observer appointed by the court should monitor & get executed the formal decision.

We think a guarantee through a 100% written commitment given to court with a definite date of restart of repayment/profit /compensation of past dues or repayment period extended by the same by Mr. Roopesh Verma will suffice our requirements and only if consensus appears in the pan India Investors group.

Even a registered Sosn Investors Forum having legal status can with a right representation to the court may takeover on an agreed statement of execution with well defined parameters of operations till the Investors dues are cleared or Mr. Verma & other staff are cleared by the court or another company legally buy it over.

A pan India Investors forum looks to be distant dream seeing the vast frailty among investors. Even in Delhi & NCR the consensus is evading the ground reality. But we all should work towards that at a lighting pace as the time is running out and our hard earned money seems to be slipping away from our hands.

We also believe making more complaints/FIR or attaching the same to old one isn't working rather it has only strengthen the hands of police/eow as in Delhi it was only 2 FIRs which over the period & after proclamation by police/eow has reached to 2500 in nos. Once even the court had decided to see the dues (obviously only if one has not received back the invested/principal amount is only known as dues in accounting & Banking terms) was surprised to see people claiming even the future profit/compensation for the sake of it. The court had almost finalised a payment plan to investors but the increase in nos. of complaint & charge sheet filed by police/eow & being a state v/s roopesh verma case has tied the hands of the Judge for an early solution.

Rest the God grace will help & the God helps those who help themselves.

Sosn Investors Forum

UPDATE OF HEARING DTD. 23/MARCH/2010 FROM PUNE

The Honourable Judge gave Majesterial Custody of Roopesh Verma. The Honourable Judge suggested that because there are no recoverable properties belonging to SOSN & any of its directors in Pune, the Pune complaints should be clubbed with Mumbai. AND, the Hon. Judge handed over custody of Roopesh Verma to EOW Mumbai who has taken him away, today.

INVESTORS
of Shree Om Sainath Car On Rent Ltd./ Shree Resorts
DO NOT DESPAIR
This is formally to request all the investors of SOSN, all over India;
Register your ALL & COMPLETE BOOKING DETAILS
on your own website INVESTORS DESK - Shree Om Sainath Car On Rent Ltd.
and support the POSITIVE ACTIVITY
to secure the value of the hard earned money of
the INVESTORS ALL OVER INDIA.

Wishful thinking will not do. If you will not pressurize, NOTHING IS GOING TO HAPPEN.

Our e-mail:
info@sosn-investorsdesk.com
sosn.investorsdesk.com

Yours in Support Investors Desk @ SOSN.

Pune-Court hearing 23rd March 2010

Next hearing date has been fixed for 6th April 2010 in Pune

In Mumbai it is 27th March 2010

The Honourable Judge gave Majesterial Custody to Roopesh Verma. The Honourable Judge suggested that because there are no recoverable properties belonging to SOSN & any of its directors in Pune, the Pune complaints should be clubbed with Mumbai.

Pune-Sosn Investors Forum has together have supported the cause of conditional bail of Mr. Roopesh Verma through their local Advocate & have met him, wherein Mr. Verma said he has sufficient money to pay each investor their invested/principal amount & still run company but as his all properties personal as well as official plus all accounts etc. has been sealed & froze he his helpless. Also as in case of our judicial system the accused is granted the status of guilty/offender by complainants, their lawyers & police, before been even pronounced the same now he is in shambles position & requesting the investors to get him bail. They are also trying to get in touch with lawyers of Mr. Roopesh Verma in different cities including Delhi Mr. Arya to centralize the case & get an early decision in investors favour. We support the same.

Sosn Investors Forum view point:-

Point & again we have reiterated that our main focus is the release of money to the investors and it is apathy of our system that irrespective of money/assets been available & most of the Investors support the cause of conditional bail (wherein the court appoints an observer/executor to pay/release money to investors) to the accused; we still are in doldrums by our own insane & hasty decision of adding more FIRs & complaints to police/eow, which are not yet able to prove fraud & is only jeopardizing our chances of getting back our hard earned money.

Even if the police/eow gives traces of fraud/cheating we are only bothered about our money to be given to us, which through the court decision is a complicated one & takes long. Our suggestion is to make Sosn Investors Forum in individual sosn state/cities & approach court through their own advocate to get the money released as Pune-Sosn Investors Forum has done & trying to have Mumbai-Sosn Investors Forum made.

Persons/Group/Forums those are interested to take lead from Sosn center cities & help investors cause towards early release of money may write to us to initiate the process of forming an Investors Forum in the applicable cities.

sosninvestorforum@gmail.com

Dear Investor Friend,

We are in the process of making database of investors in each sosn centre cities the data will contain

1. Name
2. City of Residence/Investment,
3. Email ID
4. Telephone No.(If one does not want to give telephone no. their is no compulsion).

This details will be circulated among other investors all across India for a free & fair interaction by emails or by telephone, if no. is given to share the information of use & then if investors decide they can move forward to make a forum for further action & decision at their end.

We would only be able to act as a mentor as of now but very soon we will take the appropriate action in the favour of the investors cause.

If you would like to be apart of the forum in your city, do send the above details for further planning & action.

Thanks

sosninvestorforum@gmail.com

Originally Posted by Unregistered

Dear Investor Friend,

We are in the process of making database of investors in each sosn centre cities the data will contain

1. Name
2. City of Residence/Investment,
3. Email ID
4. Telephone No.(If one does not want to give telephone no. their is no compulsion).

This details will be circulated among other investors all across India for a free & fair interaction by emails or by telephone, if no. is given to share the information of use & then if investors decide they can move forward to make a forum for further action & decision at their end.

We would only be able to act as a mentor as of now but very soon we will take the appropriate action in the favour of the investors cause.

If you would like to be apart of the forum in your city, do send the above details for further planning & action.

Thanks

sosninvestorforum@gmail.com

Dear Friends,

We are overwhelmed by the response, Thanks for your generous support.

We will shortly be circulating the details among our Investors friends. In the mean while we are making a general charter for action to be followed, we will try to keep it simple & useful; suggestions for the same is invited & solicited.

If you would like to be apart of the forum in your city, do send the below mentioned details for further planning & action.

The invitation is on and support is solicited, send the following details to sosninvestorforum@gmail.com

1. Name
2. City of Residence/Investment,
3. Email ID
4. Telephone No.

Thanks once again.

Sosn Investors Forum