Its all about SEBI! governmental fraud! PACL refunds
What is SEBI?
This is what I found out on the internet:
Securities and Exchange Board of India (SEBI) is a statutory regulatory body entrusted with the responsibility to regulate the Indian capital markets. It monitors and regulates the securities market and protects the interests of the investors by enforcing certain rules and regulations.
It is governance body in India for the investors to protect them! But do you know what's happening in India? check out here
Lets continue with sebi, I never know about this, my parents had invested their hardworking money in a firm called PACL India Pvt ltd. Company was running well and here comes the devil called SEBI! it order PACL to refund the investors money and marked the company as FRAUD!
PACL was not fraud! Okay fine, it is fraud! but what did sebi do ? Being in a reputed company none of the managements know how to refund the investors money! They have let the company run till they refund investors money! obviously they should be monitored by the SEBI till they refund all of the investors they had! but no They are the fools, who do not know how to regulate stuffs! may be all the heads who work there are fools or the uneducated! they closed company in 2015 and took over the control of all the assets! by promising investors for return of their money! Today it is 2021 and still it failed to refund investors money! I am not sure what the government officials are paid ? its been six years ! investors are in tears and the SEBI is playing with the investors!
SEBI never tells the users with the clear instructions! may be it is planning to eat all the money which was acquired by the PACL pvt ltd.
I think none of the officials knows what is poverty means?
Recently they said they are returning their money, via their portal which was set up on 2019, https://www.sebipaclrefund.co.in/
all investors updated their claiming amount along with the proof and the bank details! its 2021 today. SEBI claims that they have refunded amounts up to 5000Rs. I haven't heard from anyone getting their amount.
Then comes one more devil so called our gvt, it merged most of the banks! all the banks had changed their IFSC code and other details, investors who filled their bank details previously were no longer valid!
Looks like a master plan of SEBI along with the govt to fool people in various aspects! now that's ok! we need to co-operate with the Govt! Okay we did!
But what now?
they gave a option to correct the deficiencies ! but there is a twist! our beloved sebi did not give options to correct the details for all! allowing for the investors who invested up to 10000 Rs. Again,whoever filler land allotment on the refund application they do not have the option to edit their application !! Being in a respective position this doesn't look good for sebi! which never tried to understand the investors problems! Please give clear instructions, if land allotted users are not getting their money back give them the land allotted! if you can't, then what kind of governance are you ?
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