Don't trust Indian Companies--deceit, duping and cheating their main objectives. Even the so called renowned companies owned by Lala Bharat Ram and Charat Ram (DCM Finance Co.), Vijay Mallya (Mc.Dowell Finance Co.) have collected huge deposits and failed to refund. Middle Class People who have invested their life savings lost all their money and have become paupers overnight. Despite Consumer Court Orders, these N.B.F.Cs have not refunded the money to the small depositors and defrauded substantial funds in league with politicians mostly from Congress(I). E.B.F. Finance Co; has shifted its Registered Office in Hyderabad to Chennai illegally without the permission of Registrar of Companies and the Company Law Board. Company Law Board in India is highly corrupt, toothless and its affairs are guided by the Party in Power. Never deposit your hard earned money in N.B.F.Cs. and the high interest rates they announce and the attractive commission as you will repent at the end. Always deposit your money in Public Sector Banks, Post Office Savings Schemes for total safety and security.
Re: INDIAN COMPANIES ARE FRAUDSTERS
by ananth prasad on Sep 18, 2010 08:51 AM
ha ha ha, i dont knw abt the companies ur talking abt., but in my carrer of 23 yrs,all my deposits are in PVT companies, and i have never/not once faced such problems.....