| Name of Complainant | |
| Date of Complaint | May 17, 2019 |
| Name(s) of companies complained against | Bike Bot |
| Category of complaint | 2-wheelers |
| Permanent link of complaint | Right click to copy link |
| Share your complaint on social media for wider reach | |
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Last year there was business opportunity given to my Bro-In-Law in bangalore in the name of Bikebot.
As per business/Scheme..
We need to invest 62,100/- per Bike for which they will pay us 9765/- as EMI per month and this is valid for 1 year only. We also got agreement copy for the same.
If we invest on 2 more Bikes, then amount will be doubled with Bonus amount will be given.
Keeping this in mind, many people invested in nearly 3-4 bikes and some also took Hand loans expecting good returns.
For for the 4-5 months it was running properly and amount was being paid.
From Dec’18 amount got stopped and their numbers and link which they shared at the time of Joining got disabled.
There were some senior investors who has contacts in the company came to know that Mr. Sanjay Bhati (one of the MD) is contesting in elections due to which there is delay but post elections this will run normally.
After Feb’19 also there was no communication from the company and they have issued Post Dated cheques to all of us.
One of the investor got post dated cheque which was to cleared in May’19 and it got bounced.
Latest News is that, company is currently shutdown and there is no response either from the company or internal employees and people are in confusion mode.
Attached are the agreement copies for your reference.
Hence kindly suggest and help on further action and if possible kindly highlight the same.
Thanks & Regards
Naveen Reddy.P
