Owner and CEO of Company is arrested for fraud and cheating case and company has not given any monthly payment

Name of Complainant Shaik Basheer Ahmed
Date of ComplaintNovember 8, 2020
Name(s) of companies complained against
Category of complaint Consumables
Permanent link of complaint Right click to copy link
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Text of Complaint by Shaik Basheer Ahmed:

Company has given a plan of Rent Bike that upon one time investment of Rs. 62100/- ( Sixty two thousand one hundred only) they will pay back a monthly installment of Rs 9765/- ( Nine thousand six hundred twenty ) for one year under this plan.

Considering the plan, I have invested in 3 Rent Bike in the name myself and my family Member’s from the date of 21-Nov-2018 to 29-Nov-2018.

Based on plan company is supposed to start the monthly pay out by the month of Dec, 18. But company has not paid any monthly installment. Open complain Company has issued PDC as guaranty in the month of March, 2019 stating that monthly payment will start from next month onwards. But till now they have not given any payment in spite of multiple complains.

As now Owner and CEO of the Company is got arrested for fraud and cheating case, and till now company has not given any monthly payment, I do like to request you to please help me for recovering my invested amount.

Along with this complain, I am attaching below copy of below Document.
Scan copy of PDC given by company.sir my cheque is signed by karanpal singh,my cheque bounce so please return to my money,my account number155910100190647,IFSC code ANDB0001559,Shaik Basheer Ahmed, cheque file attach

Thanks & Regards,

Shaik Basheer Ahmed

Image Uploaded by Shaik Basheer Ahmed:

Owner and CEO of Company is arrested for fraud and cheating case and company has not given any monthly payment

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