Register your complaint against SGI Stock Guru India

You can now send your complaint to commissioner of Police and get it registered in following format:

The Commissioner of Police,

Through DCP,
Economic Offence Wing, Delhi Police,
Qutub Institutional Area, New Delhi- 110016                    07/04/2011

Sub: Complaint against Lokeshwar Dev Jain,  Priyanka Saraswat Dev and other partners/ directors  of   M/s StockguruIndia.India and M/s  SGI Research & Analysis Ltd.

Sir,

I ,____________________________________________________,  R/o_________________ _______________________________________have been cheated by  Mr Lokeshwar Dev Jain, Mrs Priyanka Saraswat Dev and other partners/ directors   of   M/s StockguruIndia.India and M/s  SGI Research & Analysis Ltd.

 Mr. Lokeshwar Dev Jain and other  associates of the company lured me by mis-representing that they will pay me 20% return per month on investment made in their company.  On their false assurance  I have deposited a sum of Rs __________________, with the company M/s Stockguru.India. The money deposited with them is my hard earned money.

The said firm has been evading the investors for the last 3 months.  They have given false hopes  regarding the 20% returns and the repayment of  principal amount.  For the last 1 months neither Mr Lokeshwar Dev Jain is available nor his offices in Delhi and Ludhiana are opening or operating. In fact he has been absconding from the  his following  rented premises since  evening of 16^th March 2011.

Residences

D-209, Ircon Society, Plot # 14,                                                         A-604, Vinayka Society,

Sector 18A, Dwarka, New Delhi-110075                                Sector 10, Dwarka, New Delhi-75

Offices

56 A-1, Rama Road, Opp Radha Palace,                                        B-26-773/12, 2nd Floor, Kamal Complex,

Moti Nagar, New Delhi-110015                                                      Bharat Nagar Chowk, Ferozpur Road,

                                                                                                              Ludhiana. Punjab

                                                                                                                                          

                                                                       (2)

The said firm was previously operating from Patel Nagar and Dwarka and was lastly operating from   Rama Road  (Moti Nagar) Delhi  and  Ludhiana.

Recently  on 1^st April  2011 he declared on his website –  stockguruindia.com, that he has closed his company and has run  away from the country alongwith his family.  I am not the only  person who has been cheated. There are  almost more than 2 Lac people who have been similarly been cheated by the said Mr Lokeshwar Dev and his associates.  The total amount of fraud is estimated to the tune of Rs 1000 Crores.  Please take appropriate action against Mr Lokeshwar Dev Jain and  partners/ directors of  his company -  M/s StockguruIndia.India and M/s  SGI Research & Analysis Ltd., so that not only I get my money back alongwith other aggrieved people but also  Mr Lokeshwar Dev and all the partners and directors of his company  are punished in accordance with law.

I am enclosing all my documents related to my investments made in M/s StockguruIndia

Thanking you,

Yours sincerely,

Signatures

(Name )  

(Contact Number: )

(Address)           

Get your money back from SGI

Here is the way to get money back from SGI- STOCK GURU INDIA.

FIR registered against Lokeshwar Dev Jain SGI at Moti Nagar Police station New Delhi

A formal FIR has be registered against Lokeshwar Dev Jain at Police Station Moti Nagar vide FIR No. 284 dated 07/04/2011 under section 406/420 IPC.

Stock Guru India Scam Exposed

Lokeshver Dev is a Cheater find him to punish in front of public

Stock Guru India (www.stockguruindia.com)
Hi,

 

The fraud SGI had cheeted every one .... Who ever all lost their money we all become one together and find the bladdy Lokeshwar and punish him in front of Public.

Who ever all lost their money we all become one together and find the bladdy rascal Lokeshwar
I had invested 50000 RS (September 2010) in Stock Guru India with the commitment to provide a Post Dated Cheque and Promissory Note. But I didnt get any Post Dated Cheque and Promissory Note from stock guru till now (March 2011). He made a scam fully planned to fool the clients. I gave my 50000 INR in cash to SGI. I am a income tax payee from last 2 years.

This is only the way for wind up with lot of money 1000 Corer INR's Fraud by SGI. Let me explain how he made it possible : -

1) CMD said his office raided by income tax department. All fake statement by SGI.
2) Then said IT Dept gave him a clean chit. All fake statement by SGI.
3) SGI pays a tax worth 37 Cr. Of Rs. All fake statement by SGI.
4) Then he said : IT Dept is asking for customer Docs to clarify that this all money is from SGI members. All fake statement by SGI.
5) In realty, SGI deducted 10% as TDS but didn’t paid off to Income Tax department.
6) In last SGI said SGI wud pay only to those who have PAN Cards, ITRs or any proff for the white money.
7) I courier all my docs to SGI Head Office (Delhi) also scanned and mailed docs to admin@stockguruindia.com
8) Instead of paying invested principal amount SGI said people filed a complaint in police station in Delhi, so SGI is in trouble and couldn’t pay invested amount
9) Lokeshver Dev is a Cheater and a biggest fraud man I have ever seen.
10) SGI is not even listed any where in NSE/BSE things.
11) Even sharekhan has also denied any connection with SGI/Lokeshver Dev.

Now I am going to take a step against this all fraud. I am mailing this copy to IT Dept / CBI / Police Station / Press Reporters. If u seen this POST kindly help me to spread it everywhere. So we can aware all people about this SCAM from Stock Guru India (www.stockguruindia.com).

Stock Guru India 100% Scam

Stock Guru India 100% fake or a scam I dont know for sure, but they have not clearly stated what they do clearly on the site and somethings are suspecting about them.

And anyways one should not hand over cash/investment to any third person unless a reputed investment bank/mutual fund or registered experienced hedge fund..

If in doubts, stay away to be safe ..

 

Its a scam. Stay away. It is a tyipical High Yield Investment Program (HYIP), and 99.99% of HYIPs end up being scams.

When looking at a managed investment, make sure that the trader is not also the custodian of your funds. In a legitimate managed investment account, the professional trader is not related to the brokerage firm you chose for hosting your managed account. That is how you avoid such Ponzie schemes.

Stockguru.India allegedly dupes 2 lakh investors of over Rs1,000 crore

Despite the dubious modus operandi it followed, the company has escaped the regulators’ net

Stockguru.India, (SGI) a fraud company operating as a self-styled investment adviser, has allegedly duped its investors of around Rs1,000 crore. According to these investors, the company's managing director is absconding.

In December 2010, Moneylife had reported about the dubious modus operandi of Stockguru.India and advised investors to stay away from investing in the company. (This MLM openly flouts SEBI norms and offers 120% returns in a year through stock market investment!)

Going by the comments posted on consumer complaint forums, as many as 2 lakh investors have been duped of a whopping Rs1,000 crore.

One comment reads: "It's really the height of deception. Lokeshwar Dev made a lot of promises and played with more than 2 lakh families. I (had) also invested hard-earned money and even advised many of my friends … as I found it to be a very lucrative plan. As per Lokeshwar's comment, he has run away to the US and will not return until he would be out of IT department boundaries and (it will) take several years. His web site, contact numbers, top leaders contacts are out of reach, hence there is nobody to help us."

Another comment says, "Stockguru.India was a pre-planned fraud by Lokeshwar Dev Jain. In February, he had to return 100% principal amount taken by his company six months back, so he himself complained to Income-Tax authorities about surplus cash in his office. Only a handful amount of money was seized, as Lokeshwar must have withdrawn the entire amount from the company's account, which is estimated at over Rs1,000 crore, before the raid which he was expecting. He kept making a fool of everyone for the next two months, so he could escape to the US along with his family."

SGI is a multi-level marketing (MLM) company that promised 20% returns per month. The company describes itself as the country's 'Premier Financial Consultancy', offering trading solutions in equity, derivatives, currency futures, commodities trading, initial public offerings (IPOs), insurance (life/non-life), general insurance, mutual funds, portfolio management services and terminal handling, all under one roof.

The MLM company's investment plan was very simple. You pay a minimum Rs10,000 as investment and Rs1,000 as registration fees. There is no limit on the maximum amount one can invest. It offers a return of 20% per month for up to six months and the principal amount invested is returned in the next six months. It also gives post-dated cheques of the principal and a promissory note as security. In short, on an investment of Rs11,000, the company offers to pay Rs12,000 in six months and the rest Rs10,000 over the next six months, that is a total of Rs22,000 or a 120% return in a year.

Such huge returns were suspicious, given the volatility in the market, but it did manage to attract a lot of investors.

SGI is not registered with the Securities and Exchange Board of India (SEBI) as an investment adviser, but still offers to trade on behalf of clients. It also operated without any trading licence from the Reserve Bank of India and SEBI. So, will the regulators take any action against the officials of the company?
Credits:
Moneylife Foundation,