Originally Posted by Unregistered

Court hearing details 29th March 2010

As the judge had heard 8 cases before the 9th case of Mr. Roopesh Verma could be heard he got tired & moreover it was 5 pm when the turn came & he discussed it fast & straight away gave 8th April 2010 as the next hearing date.

What transpired in between is that, police/eow has still not gave any evidence/proof of fraud & were seen discussing of the track that there is no fraud done by Mr. Roopesh Verma and are now not much eager to pursue it further either.

The Judge was also seen convinced, now based on the documents submitted in the court he knows that Mr. Verma has sufficient assets to repay everybody, but was of the view that all investors across India who have made complaints in any state/city for getting their money refunded should be made a collective application so once for all a decision/verdict/solution can be given to them. He was also appreciative of the statement by Mr. Roopesh Verma that he is ready to give every investors money as per the contract/agreement undertaken as refund & profit/compensation for rest of the 60 months period and will be running his company as per the normal operation as was earlier and also that he has 300 crores at his disposal for the same. The judge is also looking forward for a personal hearing with Mr. Roopesh Verma to fulfill his constitutional responsibility towards the legal system of our country.

The complainant’s lawyers are trying to get money even before the court pronounce verdict which was opposed by Mr. Arya. Mr. Arya has shown large nos. of affidavit of support/Declaration for support (which is still pouring in) to the Judge and is of the view that if no fraud is detected Mr. Verma should be released on bail based on such a large support by investors.

Mr. Arya also carried a cutting of Midday paper published in Mumbai (it was in Marathi) which is carrying the interview of Mr. Roopesh Verma wherein he has explained the events followed since November 2009 & has claimed he has 330 crores (latest calculation & assessment of the assets he has) which would be used to repay to all the investors. Mr. Arya would be submitting it as another document/statement given in public by Mr. Verma towards the genuine support towards investors cause.

Sosn Investors Forum view point:

Dear Investors Friend,

It was long back anticipated by the members of the forum (not made then & still it is virtual) that such situation will arise wherein investors of other state/cities after filing complaints will still have to wait & suffer as their complaints/FIRs will only result in inordinate delays. Now if the police/eow in Delhi is of the serious opinion that no fraud is committed and is yet to submit substantial & concrete evidence/proof for the same other then the no. of complaints only; the investor’s are still in doldrums. Even the police/eow is also helpless some sort of (they are doing their duty) & are in a catch 22 situation to go further or withdraw over. Based on complaints now it has secluded to only a case of IPC 420 cheating (no evidence/proof for IPC 406/409 & 120B has been made available till today) which also does not seem to stand its ground because complaints can be motivated and also to defame, bring loss to and/or might be because of ulterior motives by the complainants (wherein the complainant’s could also be penalized).

Now the twist is the Judge view; that all investors across India who have made complaints in any state/city for getting their money refunded should be made in a collective application. We appreciate that, but who will do it, ideally it is Mr. Verma who should file a writ petition and centralize it either to Delhi or Mumbai but then the complainant’s from all other cities/states have to run around & on flimsy ground by various lawyers (a lawyer will earn 10 times what is due of the complainant’s claim – they have right to do so) the court will carry on giving dates as is happening in the eow cases running for last 10 years (source – eow website).

Other solution could be:

Every complainant (if they are serious to get their money back) along with the supporters of Sosn & all those who are still neutral should collectively make a Pan India Investors Forum & through an senior advocate give a presentation to the honourable Judge to discuss the matter face to face with Mr. Roopesh Verma under direct authority of the court & finalize a 5 point action plan that could be:

1. Refund of Principal/Invested amount after deduction/no deduction within a stipulated time period as agreed.
2. Payment to be started for profit (+ EMI)/compensation per month by a mutually agreed date, also if past dues can be given or the period extended by same.
3. Company is given full liberty to run it in normal operations, all offices de-sealed, Accounts de-froze, authority extended under court supervision for monitoring.
4. Company should be allowed to launch its applicable schemes if it so wishes because rotation of funds would be required for normal operations & smooth functioning and future growth of the company so every investor is benefited.
5. All the complainant’s after satisfying themselves on the refund of principal/ Invested amount and/or start of profit (+ EMI)/compensation per month would have to give a withdrawal of complaint letter/application to the appropriate authority & no pursuance of the same in near future.

Now it is upto the Investors to decide whether they are ready to tread on a path of thorns for long & wait endlessly to get their money back for coming 8-10 years or would like to give an opportunity to themselves to act & decide fast & through the court intervenes & directions get their money back as Mr. Roopesh Verma is ready to give money and have the assets for he same.

Wake up now & Act

sosninvestorforum@gmail.com

This is request from the heart that we all should unite now & help each other, there are families totally dependent on the money given by Shree Om Sai Nath Car on Rent Limited taken loan and are roads now. I patiently request all complainants to take back their complaint as no fraud is proved and roopesh wants to give money to every investor so now if they are getting money their should be no grievance left.

I was present in the court on 29th. Judge gave very formal hearing to the case.

Mr. Arya ( Advocate of Mr. Rupesh Verma ) should try to get the first slot for hearing rather than waiting for the last slot . Its true that the judge was very much tired & any one can make judgement from police & Judge face that in the absence of strong evidence , the Honurable Judge is also in dilemma what to do or say further in the case status of Mr. Verma .

This kind of situations is always in the interest of the Investors .

1) No concrete evidence is still not produced in the court ------ Reason this is not a fraud , but a situational problem.

2) Mr. Verma is ready to pay back to every invester------- Good enough .. we all should grab this opportunity to help Mr. Verma & The Court to get our hard earned money.


In mature view , the investors should draft a support letter (Say countersigned by some 100+ investors ) & that may be duly submitted to the Judge so that he should take speedy action & may grant the conditional bail to Mr. Verma .

There is an old saying " In the event of difficuly time try to grab & avail even the most tiny opportunity" .

Help yourself to help others.

Thanks ..
Santosh

Hearing 29th
I was present in the court on 29th. Judge gave very formal hearing to the case.

Mr. Arya ( Advocate of Mr. Rupesh Verma ) should try to get the first slot for hearing rather than waiting for the last slot . Its true that the judge was very much tired & any one can make judgement from police & Judge face that in the absence of strong evidence , the Honurable Judge is also in dilemma what to do or say further in the case status of Mr. Verma .

This kind of situations is always in the interest of the Investors .

1) No concrete evidence is still not produced in the court ------ Reason this is not a fraud , but a situational problem.

2) Mr. Verma is ready to pay back to every invester------- Good enough .. we all should grab this opportunity to help Mr. Verma & The Court to get our hard earned money.


In mature view , the investors should draft a support letter (Say countersigned by some 100+ investors ) & that may be duly submitted to the Judge so that he should take speedy action & may grant the conditional bail to Mr. Verma .

There is an old saying " In the event of difficuly time try to grab & avail even the most tiny opportunity" .

Help yourself to help others.

Thanks ..
Santosh


Dear Santosh ,

We all support ur statement ...now we all should show strength of unity to Respected Judge to grant cond. Bail to Verma.

[QUOTE=Unregistered;27316]I have spoken to their offices in Banglore, Pune, Nagpur and persons in Delhi office they have told to be patient and every thing would be taken care. There are many investors still coming to them to submit
we need take serious action against the company

Dear santhosh,

Thank you for the information.
you have wrote the supporting letter. If you can draft the letter and put it in this forum we all will sign and sent it to judge through the form. We have to act fast.

Dear Investor Friend,

By now it is known to everyone that the police/eow is yet to submit any concrete evidence/proof of fraud in the court and is in dilemma to carry on with the investigation or dismiss the case altogether. Also when the court has directed the police/eow to get the list of investors the police/eow instead of getting the same & helping investors had asked people to file complaints through the proclamation in newspaper and added more complainants as evidence of cheating which had hampered investors interest & have delayed the release of money to the investors.

We have earlier mentioned that irrespective of any fraud if detected also and whether done by Mr. Verma or not our focus & demand to the authorities is to release our money frozen in various accounts of sosn at the earliest, though no fraud would give us more satisfaction & a longer return by sosn.

As no proper forum is made and investors are facing problem to be represented and raise their concerns & look forward to get their money released, we have initiated the process of making city wise investors group (may be turned into a proper forum in that city later) to help each other the work is on and we have received quite a support, but it is falling short of expectations so we request every investor to be a part of the same.

As mentioned earlier, one can add his/her name to the database of investors, 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 to sosninvestorforum@gmail.com for further planning & action.

We are also working on the Claim Form for principal/invested amount or profit/compensation pm to be presented to the authorities at an appropriate time for action. This claim form would be send to all investors listed and/or on our mailing list. Making of a list of investors would also be initiated by us once investors group in each sosn centre cities are active to even cover investors who does not have access to internet/other media.

Thanks

Sosn Investors Forum

This is put up one Mr. J Shah on consumer website

roopesh verma sosn
Posted: 2010-03-27 by J SHAH Send email
good person held for not doing fraud
SOURCE MID-DAY DATE 27/3/2010 PAGE NO.6
SOURCE LINK :mid-day com/epaper/index.htm

RUPESH SABKA RUPAYYA DEGA’


CAR RENTAL AND MONEY- DOUBLE SCHEME OPERATOR RUPESH VERMA CLAIMS MULTI- CRORE FRAUD ON HIS INVESTORS NOT OF HIS MAKING, BUT HE WILL STILL PAY EVERYBODY BACK

KETAN RANGA ketan. ranga@ mid- day. com HE is adamant he has not committed any fraud, says he is ready — always was — to pay every single investor every single rupee, and that it was he, Rupesh Verma, who was cheated by a person in his company and his bank.

Accused of a nationwide multi- crore fraud, 34- year- old Verma, a car rental businessman and operator of many double- your- money schemes, was arrested in Delhi in December. In an exclusive interview from the city jail where he is in custody, Verma told MiD DAY that the cheques he issued were not honoured because funds were flushed out of his bank without his knowledge.

There are about 2,000 investors who had put their money in Delhi- based Verma’s car rental business and other moneymaking schemes.

Police seized over 500 cars and property worth crores of rupees from Verma in Mumbai, Delhi, Pune, Bangalore, Kolkata and Jaipur. About 150 cars were seized fromMumbai alone.

Verma is behind bars in Arthur Road jail, but is often

taken to Delhi, Jaipur, Pune and Mumbai, where he has many cases lodged against him.

Victim of forgery “ I have not committed any fraud. All my cheques were from one bank. There was a cheat in my company who was committing fraud in collusion with the bank,” said Verma.

“ A number of times, two cheques with the same number were cleared. Cheques with my forged signature have also been issued and cleared.” He added that even when he discovered something was wrong, the bank didn’t heed his instructions.

“ I had sent a letter to the bank to stop the payment, but the cheques issued without my knowledge were still cleared. Unfortunately, that money had been deposited for the investors,” said Verma.

“ The cheques I issued to my investors bounced. The cash had already been withdrawn through fraudulent activities.” Conspiracy claim Verma said what happened was because of a temporary cash crunch because he was cheated, but that he was again in a position to pay back every investor.

“ I am ready to make payments

payments to my investors even today, since I have the money.

But there is a huge conspiracy against me,” said Verma.

Verma said he had even called a conference to tell his investors he would return their money, but the people who wanted him to fail stagemanaged everything and he was arrested.

Verma is now to be taken to Jaipur for investigations.

I am ready to make payments even today to my investors, and I have the money too.

But there is a huge conspiracy against me.

— Rupesh Verma

As told to MID-DAY

Hi Friends,

This is how usually a fraud ends. People stop coming to the blogs and give up hope, some people who have got there money back go on iwth the lives. Some who have small losses too go on. But people like us who have lost so much have no where to go.

There a some shady people who have vested interests in this out come of the fraud or some who actually want to get the invested money back to the investors. But there is no coordination between any of them and thus it will be a failure as well.

Verma's aim is to go out of jail and then run awat just like his brothers and senior staff of SOSN. This was a well planned fraud perfect to the smalled detail except that it was made on a heap of ill intensions. Money was paid out till new customers came in and old were happy. Three cycles completed in this manner taking into cosideration the salary and expenses to run the company. Similar like City Limo or a Ponzi scheme as pointed out by someone in the blog recently.

It is true that some people are taking the pains to get the money back for investors, but where will it be paid out and how. No the judiciary is so red taped it will not be done in every city and the CAG or other govt entity will not take pains to get the money back to investors. Who is anserrable for this, it is Verma be it Rupeesh or Amit or Sumeet or that bugger srivastava, may be garima singh who knows.

But there is no one to answer this thus it is coming to an end the end will be we all will have to go our ways.
It is highly appreciated to move the thing forward for pay back of principal amounts but doesn look very practical in the scenario we are facing here. Thus the doubs arise. Its been 6 months now almost.

All the best and hope good.

Dear Investor,

Have patience and wait for the tiem to get our maoney back. coming to conclusions of negative tinking at this stage is not a good sign. We are all waiting and people are doing their best to get Investors money back. We allwaited for 5 months why not one or two months more. When Mr. Verma has telling in front of the Honouraqble Judge that he is repayingthe Investors money we have to believe him and try to get the bail for him, so that he can start his business and start returniung the money to Investors. Please wait and have patience.

Originally Posted by Unregistered

This is put up one Mr. J Shah on consumer website

roopesh verma sosn
Posted: 2010-03-27 by J SHAH Send email
good person held for not doing fraud
SOURCE MID-DAY DATE 27/3/2010 PAGE NO.6
SOURCE LINK :mid-day com/epaper/index.htm

RUPESH SABKA RUPAYYA DEGA’

KETAN RANGA ketan. ranga@ mid- day. com HE is adamant he has not committed any fraud, says he is ready — always was — to pay every single investor every single rupee, and that it was he, Rupesh Verma, who was cheated by a person in his company and his bank.

Victim of forgery “ I have not committed any fraud. All my cheques were from one bank. There was a cheat in my company who was committing fraud in collusion with the bank,” said Verma.

“ A number of times, two cheques with the same number were cleared. Cheques with my forged signature have also been issued and cleared.” He added that even when he discovered something was wrong, the bank didn’t heed his instructions.

“ I had sent a letter to the bank to stop the payment, but the cheques issued without my knowledge were still cleared. Unfortunately, that money had been deposited for the investors,” said Verma.

“ The cheques I issued to my investors bounced. The cash had already been withdrawn through fraudulent activities.” Conspiracy claim Verma said what happened was because of a temporary cash crunch because he was cheated, but that he was again in a position to pay back every investor.

Verma said he had even called a conference to tell his investors he would return their money, but the people who wanted him to fail stagemanaged everything and he was arrested.

I am ready to make payments even today to my investors, and I have the money too.

But there is a huge conspiracy against me.

— Rupesh Verma

As told to MID-DAY

I completely believe Mr. Vermas words that his arrest was staged managed by persons who have swindled off his money through the nexus with the bank. Cheques bounced in November 09 was cleared through ECS directly by Sosn Mumbai office through NEFT and on 10 Dec 09 the website of bank kept on showing 'funds under transfer' till evening & our cheque got bounced, which means funds were deposited by Sosn but as was fraudulently were being withdrawn by the cheat first with nexus with the bank it was insufficient.

I have spoken to Mr. Roopesh on 14 dec 09 & he said he is coming to Delhi In the press conference & will clear all doubts & start the delhi office on 17 dec itself, Even those 2 ladies & few mens with them at the pres conference didn't allowed Mr. Verma to speak & later created ruckus outside PCI, I myself had tried to save Mr. Verma & got him in his car, from those mens but suffered a push. Mr. Verma was seemingly perplexed by such situation. Even the police seemed to be called by those cheaters as their was no complaint/FIR against Mr. Roopesh there was no need by the police to be there & the police in actual pulled out Mr. Verma of his car & took him in jeep to Parliament PS instead of clearing the way of the car to go on move on the roads.

Later this ladies was pressurizing the investors to go to the PS & file complaint/FIR but when asked why don't they file complaint/FIR they moved away & it had come true their has been no complaint/FIR filed by them it was only a brother sister duo who were almost forced by the lawyers (who are now going to enjoy moolah by getting 10% from complainants) to file FIR BY 9.30 pm late in the evening. Those ladies & few men with them are not to be seen in any court hearing, police/eow stn. till today, only 2-3 bank staff comes regularly (I don't know what interests them may be their bank will get bad name if Mr. Verma is out). It is definitely a conspiracy againt sosn/Mr. Verma, we all should fight back & if Mr. Verma is ready to give us the money then we should not loose this opportunity at all.

Originally Posted by Unregistered

I completely believe Mr. Vermas words that his arrest was staged managed by persons who have swindled off his money through the nexus with the bank. Cheques bounced in November 09 was cleared through ECS directly by Sosn Mumbai office through NEFT and on 10 Dec 09 the website of bank kept on showing 'funds under transfer' till evening & our cheque got bounced, which means funds were deposited by Sosn but as was fraudulently were being withdrawn by the cheat first with nexus with the bank it was insufficient.

I have spoken to Mr. Roopesh on 14 dec 09 & he said he is coming to Delhi In the press conference & will clear all doubts & start the delhi office on 17 dec itself, Even those 2 ladies & few mens with them at the pres conference didn't allowed Mr. Verma to speak & later created ruckus outside PCI, I myself had tried to save Mr. Verma & got him in his car, from those mens but suffered a push. Mr. Verma was seemingly perplexed by such situation. Even the police seemed to be called by those cheaters as their was no complaint/FIR against Mr. Roopesh there was no need by the police to be there & the police in actual pulled out Mr. Verma of his car & took him in jeep to Parliament PS instead of clearing the way of the car to go on move on the roads.

Later this ladies was pressurizing the investors to go to the PS & file complaint/FIR but when asked why don't they file complaint/FIR they moved away & it had come true their has been no complaint/FIR filed by them it was only a brother sister duo who were almost forced by the lawyers (who are now going to enjoy moolah by getting 10% from complainants) to file FIR BY 9.30 pm late in the evening. Those ladies & few men with them are not to be seen in any court hearing, police/eow stn. till today, only 2-3 bank staff comes regularly (I don't know what interests them may be their bank will get bad name if Mr. Verma is out). It is definitely a conspiracy againt sosn/Mr. Verma, we all should fight back & if Mr. Verma is ready to give us the money then we should not loose this opportunity at all.

I am totaly agree with Mr.Shah those women ang some person made you all fool ang created a drama may be somebody paid them money for that or they are making money they are smart and we are fool to listen to them if you peope are clever the understang now till there is a time to re correct our mistake wake up dont listen to others...

I am totaly agree with Mr.Shah those women and some person made you all fool ang created a drama may be somebody paid them money for that or they are making money they are smart and we are fool to listen to them if you peope are clever the understand now till there is a time to re correct our mistake wake up dont listen to others...



wake up...there is time...

As Mr. kamal kant said is right we have to coprate Mr, Roopesh Varma I don't think so he will cheat anybody have patience everything will be ok budy......

Originally Posted by Bunty

As Mr. kamal kant said is right we have to coprate Mr, Roopesh Varma I don't think so he will cheat anybody have patience everything will be ok budy......

Sosn Investors Forum view point:-

We think Mr. Vermas intentions are there to pay the money to the investors, but why he didn't took action about the cheat & the bank and why didn't he took investors in confidence when their was dishonour of cheques in November & December 2009.

It seems it has become a one man show & he due to short sightedness or unprofessional approach had not handled the situation properly & as he says it is a conspiracy against him & even his arrest he says was stage-managed, we investors are more then confused lot now.

Even one Mr. Kamalkant who says he was present at PCI has given details above that support Mr. Vermas version, but one has to be prepared and Sosn Investors Forum believe that now the time had come to understand how the investors will be given their money by sosn in case Mr. Verma is out on Bail or released altogether. And what offence the cheat can make or the bank will act. Are we prepared to safeguard our interest in that circumstances.

Lets hope good sense prevails & Mr. Verma take care of the cheat & bank & give us our money.

Sosn Investors Forum