Monday, November 25, 2013

Maharashtra CM urged to Protect ‘Wasankar Group’s Investors under MPID

Maharashtra CM urged to Protect ‘Wasankar Group’s Investors under MPID

Nagpur dated November 25, 2013
After EOW has arrested directors of ‘Shreesurya Group’ under charges of cheating  of 10 thousand investors from farm crisis hit vidarbha and Marathwada  lured with towering return dumped now another wealth management company floated by Dr.prashant Wasankar is facing same fate  and Nagpur is set to rock with a fresh controversy suspecting another Mega Investment Scam and it is alleged that   wasankar wealth management company has eroded the hard earn money of  more than two thousands innocent  people offering  high dreams of rich future within short span of time as per documents attached with this complaint that Wasankar who is charging huge amount membership amounting more than Rs. One lakh per annum collected more than Rs.2000 crore giving post dated cheques offering around 30% interest on deposit nut now forget the interest investors are finding difficult to get back their own money more over, this firm run Dr.prashant Wasankar  company is not  registered with any regulator under finance ministry or    Reserve Bank of India or Securities and Exchange Board of India (SEBI) for collecting such deposits which is illegal as per GOI acts and Mah.state’s money leading act. but nobody has questioned the company as on today  hence Maharashtra Chief Minister Prathiraj Chvan  has been urged to initiate the action under Maharashtra protection of investors deposit act 1999 (MPID)  against  Wasankar Group promoters in order to save these investors ,Kishore Tiwari of Vidarbha Janandolan  Samiti(VJAS)  informed in press release today.
“The grid of investors or depositors to higher return is leading to innocent victimization in which most victims are middle class pensioners hence we are urging CM to have urgent intervention to get back basic capital of these dying old age pensioners as we have received lot complaints that Dr.Prashant Wasankar has denied to pay back capital sighting the reasons of financial crisis hence state should give him financial bailout package  as all illegal activities of Wasankar was promoted and protected by Babus ,police and other hostile pillars of democracy” Letter added.
 In letter to CM it is reported that Dr.Prashant Wasankar  has been working in Nagpur as sub-broker of BSE-NSE capital market since last 23 years ,has earned the confidence of investors to larger extend  and has been writing in local newspapers on wealth creation solutions and arranged investors meet in all metros of India and abroad ,is having active operation  in Australia  and Singapore  but his real activities of  running fishy and illegal deposits schemes offering interest rates more than  1.5%   has been reported in Feb,2013 and when shreesurya scan was reported , cracks to the trust of wasankar developed and investors panic of getting capital money back has  exposed the bankruptcy  of wasankar group and investors realized they have been dumped and cheated by fraudulent misleading investment advices given by Dr.Prashant Wasankar ,has approached VJAS to  get back their hard earn  life time earning hence CM Maharashtra has been urged to intervene in the matter  as local politicians are  covering misdeed of Wasankar ,Tiwari added.
,VJAS has attached promissory notes and cheques given dr. prashant wasankar and Interest chart signed by himself offering the schemes that double the money with 30 months and offering  a membership collecting  Rs lakhs of rupees  then members where asked to give fix deposits and but now investors are demanding the return of the capital  but Dr.Prashant Wasankar has failed to return the money and he has been asking the investors to wait sighting recession in share market and helpless investors are crying before the office of  Wasankar Group  and in the plea to CM of maharashtra VJAS has drawn the attention of administration that all deposits collected by the Wasankar company are illegal and has no legitimate status where as he has been fully protected by local Police Authorities, SEBI, RBI, Govt. of Maharashtra etc. and activities of Wasankar Wealth Management Group    is nothing but money laundering activities and it has international network too, Tiwari  added.

Recently Wasankar Group  illegal activities and bankruptcy  was reported in electronic and print media but administration and police have turned blind eye but now investors are gathering before the of Wasankar Group  office and crying for money but they are finding helpless as administration has turned blind eye to this scam earlier too , last month Sameer Joshi has dumped innocent investors around Rs.240 crore earlier that one  Pramod Agarwal has dumped thousands of investors to tune  of Rs 100 crore on the name of Mahadev Land Developers and  Ullas Khaire had dumped  around 1 lakh people of Rs 1,100 crore and now this Wasankar Group  likely repeat the same story hence we are urging Mah. CM to initiate action under  Maharashtra protection of investors deposit act 1999 (MPID)  against  Wasankar Group  Promoters so that innocent investors hard earn money is protected ,Kishore Tiwari added. 

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