“Money for dream house is stuck now”

Praveen KS (title modified), a resident of Chamarajpet and trader, is shattered. His hard-earned Rs 50 lakh is now caught with Vikram Investments, which has been accused of dishonest loads of buyers of crores of rupees.

Praveen told TOI it all started in 2008, when a chum offered him to the company and told him concerning the excellent returns. “I invested about Rs 2 lakh to start with and used to be happy to get annual returns in the range of 40% to 45%. Encouraged by means of this, I made 4 more investments in the names of my members of the family,” he added.

All this used to be supposed to save money for his family’s dream house. “All went well till end of ultimate 12 months and we had a total investment of about Rs 50 lakh. We hadn’t withdrawn any money and didn’t get any doubt concerning the company as there used to be no hitch these types of years,” he stated.

The drawback began in January 2017, when the returns began dwindling. “Whenever we checked, the company guys would say they have some problems with their bank and it might be settled soon. Like many buyers, I too waited in hope, best to get this shocker,” he stated.

Praveen stated he’ll resort a police grievance on Wednesday as he couldn’t do it previously two days.

“Money for dream house is stuck now” “Money for dream house is stuck now” Reviewed by kailash soni on March 14, 2018 Rating: 5
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