[Resolved]  Shriram Chit Funds — Fraud in chits

I have two chits currently running with Shriram Chits at Tiptur.
The manager himself with the staff staff creates dummy bidders and bids for the chits and takes the money. The agents at shriram chits are also bidders where as they are not suppose to bid.
When asked for bidder details they try to manhandle me. They spoke very arrogantly.
The person who does all this is Ravi. He has full support from his manager. The manager is never found at office at all. They arrogantly told me to take back my money from the chit and they will cancel my name. When i said ok they denied and said that i will have to pay Rs.15000 for cancellation.
These people here are cheating us. Please do the needfull.

regards
Manish
[protected]
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Aug 14, 2020
Complaint marked as Resolved 
 
181 Comments

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Contact to Mr Y.CHINNA RAO, Cell no [protected], urgent
hi my name is syed meeranji even i have taken a 5lk chit in this co in channapatna this is a big froud company... the bidders r there people it self...
any how i manage to pay 40 month now my chit is closed...but this people is not giveing my property documents which is with them as surety..im keep call manager from last 2 and half months...(Anku gowda and new manager Ravi)
now im planning to take the help of tv9 and other media
any person who is faceing the problem from this co..pls contact me on this no
[protected]
Cust name : g.muruganantham
Branch name : Madurai, Chokkikulam
Group Code : 53415
Ticket Number : 35
Suggestions/Complaints :Last five months before i was open one account with your excutive [protected].is promissed to me your chit working live.last four month i was pay the amount.but last month and current month pls dont pay the amount already you paid advance payment.now i am highly irritae with your excutive responce and your office also.once you will turn up my account active status otherwise pls give my money.
Mobile no : [protected]
Email : muruganantham.[protected]@gmail.com
Address : 262 1st floor, Meenakshi nagar 2nd st, chokkalinga nagar, Ponmeni main road, Madurai-16
Friends,

Pls dont invest in SRIRAM CHITS. They are no.1 fraud company. Iam facing lot of problems with them. Their staffs are all frauds and also with bad behaviour. So pls... dont go for Sriram Chits.

Kaliyamurthy
Tamil Nadu.
Dears,

i am interested to join in the chit group of 5lacs. as i go thru these comments, the companies activities looks very bad. Pls advise whether to deal with them or it is better not to deal.
With thanks,
Reem
YES THEY CHEATED ME ALSO
i am residing at salem, joined your chit group 1000*50=50000, the office staff received Rs.1000 and registration fees.For a prolong pread i have naot received any comunication from your office( Junction Main road, salem-4). after my persenal intrest i met your office, they informed me that the above group was not filled so they compled me to change some other groups. again they changed me into 1250 * 40=50000/-. i joined Junuary 2010. But i only went to your offfice and paid the 3 payments. still they have refused to inform the corent stage of my chits.
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Dear sir,

I have put 2 chits in sriram chits 123, Angappa naicken st, ch - 01. of each 10 lakhs. 25 installments being completed
one chit i have taken on 15 th installment itself by giving surity of 2 public limited working
employees. Now i have taken the 2nd chit for that they are asking 4 government officers
surity, where can i get 4 government officers surity. or else bank guarantee or else i have to give a property told by Mr madhavan (Branch Manager).

During the joining these things were not told or intimated. I am ready to give the post
dated cheques for the pending installments which they were not agreed. how to proceed further.


regards

srinivasan
ph[protected]
email - [protected]@gmail.com
I have put 2 chits of RS 10 laks each in 123, Angappa naicken st, ch-01.
I have paid 25 installments. During the 15 th installment i have taken one
chit by giving the surity from 2 public limited employees.
Now i have taken the 2nd chit for that Mr madhavan(branch manager) is
asking us to provide 4 government officers surity which was not told
when we join. Orelse we have to provide the bank guarantee or else the
property. How shall i proceed now.

Never go for the chits Better to keep in savings account or invest in RD.

regards

srinivasan
[protected]
hey It is very dam situation man, we should not encourage people like this, if the agents are telling that mean, no genuin customers should approch those kind of organizations, and let that agents use and continuee their business.

here we the genuin customers are loosing, we should not encourage these kind of agents and brokarages.

please start from yourself not to go those kind of orgs.

Regards,
Muni
CHIT NO 4101/56033/23 AMOUNT INR 1, 50, 000/- at VILLIVAKKAM-SCT)
Service tax INR 773 (no proper receipt)
At the time of joining the chit / at the time of bidding you have not informed me about the TAX.
For Tax Amount INR7500 your commission money, than why I will Pay Tax? If you need to pay Tax
Please provide the Govt.notification copy.

RE AUCTION
They informed me that you have to pay the due amount INR 467/- when I asked for the details they told me that it is the re auction amount for the
17th action on 21.09.2009 bid amount INR 24000 I paid INR 4450 as per your intimation
18th action on 20.10.2009 bid amount INR 20000 I paid INR 4583 as per your intimation
Due to the surety problem which the chit holder cannot provide.But the re auction took place only after 5 months latter (i.e.) on 22.01.2010.There was no intimation about the above re auction and also the necessary details like the chit holder name, ticket no, amount etc after the auction. They added that they cannot intimate this which is not correct. You have not provided the details till date so I will not pay the due amount.

Another policy you are following is, all the documents are filled only by your staff except the chit holder’s signature when enquired your staff are telling that it is a policy decision .Let me know who has authorized such a policy

Please reply above
Thanking You
Yours Faithfully
PR.MEENAKSHI
Shriram Chits must be bought under the purview of RBI Guidelines.The bidding is done by their own agents and they cheat gullible customers.

Unfortunately most of them who invest in Shriram chits in India are from unorganised sector. They have been falling a prey to these tactics.

It is a fraud company run by frauds and has the support of corrupt politicians in the country.
respected sir
repected sir,

two month before i have won a passion plus two wheeler having
number mh 16 9484 in online auction of shriram finance.the vehicle was
parked at ahmed nagar and the concerned person was mr.mahesh baviskar.

in order to know the status of my noc i have been continously
tring to contact mr mahesh baviskar but that person is not recieving
my call nor he is replaying me email.

so pls get in touch with him and let me know when i shall get my
noc as i have been going under terrible distressed due to that matter.

hope you would understand my problem and solve this issue as soon
as possible.

pls reply my email by giving me a call

thank you

asmat shaikh
ebay id "asmat313"

mob. no [protected]

shriramchit finance — delaying in getting noc

repected sir,

two month before i have won a passion plus two wheeler having
number mh 16 9484 in online auction of shriram finance.the vehicle was
parked at ahmed nagar and the concerned person was mr.mahesh baviskar.

in order to know the status of my noc i have been continously
tring to contact mr mahesh baviskar but that person is not recieving
my call nor he is replaying me email.

so pls get in touch with him and let me know when i shall get my
noc as i have been going under terrible distressed due to that matter.

hope you would understand my problem and solve this issue as soon
as possible.

pls reply my email by giving me a call

thank you

asmat shaikh
ebay id "asmat313"

mob. no [protected]
shriram, is the most bad company in finance sector. and there no words to say about this useless company.

no product — chit fund

close speak asia on line surve company is totaly fraud company fraud survey not legal please close this type of company as soon as posible
hey i irfan khan i can purchase a splendor plus from phonix motor finance by sriram chit 2 month a go till date it was not registed his employe are faking 2000 rupees me it was not registed tilldate i walk to RTO OFFICE they told me boss your submission was not done i told sir sriram chit executive they will complete all the formalaties as on 12FEB he charge 2000 they told me it 400 charge for new regestritation TODAY I CALL THEY USING BAD LANGUAGE WHAT YOU WANT JUST DO IT HES NAME IS SATNARAYAN AND MAHINDAR ALL THE STAF OF PHONIX MOTOR RAMANTAPUR BRANCH EMPOLY NO.[protected] AND [protected] SO IT MEAN THEY ARE NOT GIVING GOOD RESPONCE MY VEHICLE NO.AP 29 TN TR 0019 MYMOBILE NO.[protected] BOSS DONT BELIVE IN THIS PEOPLE TODAY I CALL ALO HIS OFFICE ON THIS NO.[protected] THEY ALSO USING BAD LANGUAGE PLS TAKE SERIOUS ACTION ON YOUR TEAM
We also facing so much of problem like above said...So guys think more before go to SHRIRAM...

business today — NOT RECEIVING MY SUBSCRIPTION COPIES

- NOT RECEIVING MY SUBSCRIPTION COPIES

NOT RECEIVING MY SUBSCRIPTION COPIES
I Sumangal Nevatia from Dombivali has subscribed for INDIA Today & Business Today thru Vodafone mobile shop on 26th October.2010. I paid Rs,650 + Rs325 against 1 year subscription thru my credit card & was allotted ref id 11515943 & 11515850 respectively.
To my surprise there is absolutely no response from INDIA TODAY for almost 15 days.. No one contacted me nor i got any update for my order.
Finaly i started chasing INDIA today on Call center no (Toll Free No.[protected] From Noida[protected] provided but was unable to get details due to technical problems & line engaged.
I also wrote this case to [protected]@intoday.com & i got one revert from Amit Singh asking for all details. I provided all details on 13th Nov.10 to which he replied mentioning that the payment is received & i shall get my copies very soon. Since then again i have not received any response till date so i reminded him with very rude mail.. Mr.Amit has again asked me my subsctiption & payment details (thru mail onSun, Nov 28, 2010 at 6:59 PM) . This is insane...

When i have dialed them on 29-Nov-10 : 10.10 Am to India today call center finaly i got some one Mr.manoj on line who was saying that systems are down & we have no update about your order & he kept phone without providing any update.
Last update when i tried calling back is that Ms.Pallavi took my contact no & assured me that someone will call me back.

But honestaly speaking this is really very bad experience i got from wellknown publication like INDIA today & Media Publications Ltd.. They have no rights to write technology adantages in there magzines if they can't fix such cases in their own company.

Worst is that its almost 1 month & 3 days i have paid to INDIA TODAY but no officer of company feels that they owe to either send me my copies or pay back my money..

Mr.Poorie ( Chief Editor) if this reaches to you pls. take necessary actions & also to highlight that there are absolotely no ways you have left with subscribers to express their problems against subscriptions channel rather than go to such internet forums accessible to entire world.

Hope some body will from INDIA TODAY will address my concern & either provide me my copies or repay me my money.

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