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56 ArticlesSuckered

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The Fraud by Divya Book Company, Sending Books by VPP

We just registered a Private Limited Company and were warned by our service providers, VakilSearch, that we might receive parcels requiring us to pay to ...

If They Don’t Finish Your Property, You Still Have To Pay The Bank

Defaulting on housing loan EMIs is not a good idea, it seems, even if the builder doesn’t deliver and you win a case against him. From Economic Times: It may ...

New Way To Renege On Agreement: It was Unauthorized! (RCOM)

If you thought that Reliance Communications screws up by sending you wrong bills, you might enjoy some poetic justice. From their QIP document: 7.2 In February ...

JSW Steel Will Pay 125 Cr. or 30% of Profits to Promoter’s Wife For The “JSW” Brand

In a shameful episode, the promoters of JSW Steel have claimed complete ownership of the “JSW” brand, and decided to pay a company owned by Sangita Jindal ...

How is Mantri Realty Offering 100% Return in Three Years?

How can Mantri guarantee returns? And 100% in three years? This is like spitting on the face of SEBI which regulates that no one can guarantee investment ...

SBI Life: Refuse To Pay Up, Lie, and Drag Aged Widow to Court for 6 Years

SBI Life is at it again. Now, they’re refusing to pay out insurance, and appealing cases against aged women all the way to the Supreme Court! Also see: ...

Market Manipulation Alert: SEBI Will Allow ESOP Trusts To Buy Shares from the Market Again

I’m going out on a limb here and calling the SEBI decision to allow companies’ ESOP Trusts to buy shares from the market again, as a terrible mistake. This ...

High Court: SBI Life To Blame for Converting Rs. 50,000 to Rs. 248

In a judgement by judges Sunil Ambwani and D.K. Upadhyaya of the Allahabad High Court, SBI Life Insurance has been reprimanded for ruining the savings of an ...

Scam Alerts: SEBI Dings Hedge Fund, then Whatsapp Tipster and more…

We’re starting the week with a few fraud cases. Factorial Master Fund Gets Dinged for Insider Trading L&T Financials An offshore fund based in the Cayman ...

Fake Website Warning: RBI Doesn’t Have Online Banking

RBI has warned people about a fake website called “Rbi-in-online.org” which is a phishing site. It only collects information about you, and tries to hack ...