Citizens' Issues
ASCI banned 87 ads including Ranbaxy, Dr Batra, P&G, Dabur, Emami and Cadbury in December

Health and personal care category continues to lead with the highest number of complaints received by ASCI during December 2013. However, throughout the year 40% of complaints came from education sector

The Consumer Complaints Council (CCC) under the Advertising Standards Council of India (ASCI) has banned as many as 87 advertisements out of 108 complaints it received across segments during December 2013. Health and personal care category continued to lead with the highest number of complaints received In December 2013. The CCC received complaints from various sectors like consumer durables, education, food and beverages and others. It includes ads from prominent companies like, Ranbaxy Garlic Plus, Procter & Gamble's Wella colors, Dabur’s Fem Bleach, Bajaj Electricals’ CFL bulbs, Emami Sona Chandi Chyavanprash, Johnson Baby Soap, Cadbury Choclairs, and Dr Batra’s Homeopathic Clinic.
 

During 2013, ASCI’s proactive initiatives saw five times increase (YoY) in the number of complaints. During 2013, the CCC decided on 1,842 complaints out of which 1,477 were upheld.  Out of the misleading advertisements, about 40% were ads from education sector and 36% from personal and healthcare category.
 

HEALTH AND PERSONAL CARE
 

The CCC  found  the  following  claims  in health  and  personal  care  product  or  service ads  of  65 advertisers,  released  in  the  press to  be either  misleading  or  false  or not adequately/scientifically substantiated  and  hence violating ASCI’s Code. Some of the health care products or services ads also contravened provisions of the Drug & Magic Remedies Act. Complaints against the following ads were UPHELD –

  • The Body Care Slimming & Beauty Clinic for Men and Women:  Claims that they can help with 10 kg weight loss & 40-50 cms loss.
     
  • Ranbaxy Laboratories Ltd: Claims that by consuming Ranbaxy Garlic Plus every day is more effective than eating raw garlic or cooked.
     
  • Benda Acupuncture Slimming Centre: Successful treatment of paralysis, Parkinson, deafness etc.
     
  • Uranyx Healthcare: Claims that Ura Stone Drill Syrup helps you get rid of kidney stone.
     
  • Hotmain Dawakhana: 100% quick, effective and permanent treatment of impotence, premature ejaculation, small-thinness, semen in urine, night fall, sugar, nil sperms, less sperms.
     
  • Devi  Ayurvedic Products:  Claims  that  these  products  are  very  beneficial in  Liver  and  Kidney problems.
     
  • Hindustan Research Health Product:  Zeroton claims that ‘With the consumption of Zeroton one need not go for a regular exercise.
     
  • Adhi India Advanced Hair Restoration Centre:   Claims that they have received award for 'Best Hair Transplant & Hair Restoration Organization in India' for the year 2013.
     
  • Piles  Care  Point:  Claims  that  they  help  get  rid  from  all  types  of  addictions;  get  your  kidney stone removed by Ayurvedic medicine.
     
  • Baljiwan Medicines Pvt Ltd: The Shakti Tarang consists of Shilajit & Ashwagandha; Shilajit - Stops impotency, premature ejaculation and helps in increasing time; Ashwagandha - Makes new semen, makes semen thick and makes muscles energetic.
     
  • Welking Convergence Pvt Ltd: Morning  Mist  claims  that  the  Nectar  drops  are  specially formulated  combination  of  antioxidants.  The  glucose  tolerance  factors  in  nectar  drops  help insulin  combine  with  its  receptors  easily  &  hence  regulate  blood  sugar,  protects  pancreas  and manages diabetes and its complications.
     
  • Rechoice  Hair  Oil: Claims the ‘money  back  guarantee  on  hair  growth  upto  2  inch  within  35 days.
     
  • Welfeed  Remedies  Pvt  Ltd:  Luv  Kush  Drops  claims  that  it  enhances  memory  power and Luv Kush drops are 100% ayurvedic and free from side effects.’
     
  • Smile Dental Zone: Claims that it is the ‘most trusted no.1 advanced dental clinic.’
     
  • Keya Seths Aromatherapy: Keya Seths Keya Special claims that it helps you get ‘slim without gym’, ‘cut down on obesity’. ‘Reduces excess body fat, provides nourishment, enriched with natural goodness, 100% ayurvedic & ‘no side effects.’
     
  • Pangene Biotech Ltd: Bodydear Range of Products claim various misleading claims: Vaginal  Tightening  Cream  has  all  natural  ingredients  that  nourishes  and  feeds  the  cells  of  the vagina & helps in firmness & tightening. Breast  massage  cream  has  all  natural  ingredients  that  nourishes  and  feeds  the  cell  below  the breast, and helps in enhancing. Firmness, plumpness, fullness and younger looks.  Age  Defence  Q10  Protection  Cream:  This  advance  age-lock  formula  enriched  with  world patent seplift DPHP which is clinically proven to have 60% effective against wrinkles. It is a safe and effective way to look young.
     
  • Vinayaka Ayur Hospital & Panchkarma Center: Claims that it ‘cures epilepsy, cures jaundice from its roots in just 4-8 days with 100% guarantee.’
     
  • The  Inspiration:  Claims  that  you  can  ‘lose 10 kgs in 21 days,  4,000  people  have  taken  laser treatments and they are happy ‘happy losers’, instant inch loss by ultrasonic techniques’.
     
  • Teleone Consumer Products Pvt Ltd: Love Forever Capsules enhances sexual pleasure.
     
  • Hindustan Research Health Products: Claims that the consumption of Fit O Fit Capsule keeps one fit always.
     
  • Sri Sai Ayurvedashram: Claims that ‘with the commencement of the treatment, spots become invisible and it starts to appear as normal skin complexion.’
     
  • Sudama  Aushadhalaya:  Claims  that  it  can  help ‘remove white spots 100% from roots, be the spot new or old, the colour of the spots will change and mix up with the skin colour by applying our ayurvedic medicine’.
     
  • SR Pharma: Virgin Again Extra claims ‘result in 5 minutes,  ‘Helps to compress the vagina’,  ‘Helps removing the looseness of vagina’,  ‘helps in giving strength to the tissues in interior walls of the vagina and brings them back in the original form’,  ‘100% ayurvedic lotion.’
     
  • SharmayuSharmayu  Fat  Free  claims  that  ‘age 30, look 20’, ‘easy  way  to  look  slim  and smart’. Pack visual claim – ‘Loose excess fat’. ‘Product name - Fat free.’
     
  • Shiv Shakti Ayurved: Claims that it ‘removes stones without operation. Get relief from any type of piles in just 3 days’.
     
  • Uranyx Healthcare:  Uranyx range of products claims that it can help you ‘get rid of your chronic diseases’, ‘get rid of stone - DMR violation’. ‘Ura Stone Drill Syrup removes stone by finding them.’
     
  • Vegitot Cream: Claims that it ‘tightens the vaginal walls and makes you feel young.’
     
  • Kesh Apsara Hair Oil: Claims that it ‘stops hair fall in just 7 days.’
     
  • Breast Developer Oil & Capsules:  Claims that ‘see the beauty and size of your breasts in just 10 minutes for the size and shape.’
     
  • Amrit Ayurveda Enterprise:  Visual implies product meant to enhance sexual pleasure.  DMR violation on claims like ‘increases manpower and gives new strength and energy’, ‘brings enjoyment in youth and ageing’, ‘reduce weight without fasting or without exercise. ‘Reduce weight and look beautiful.’
     
  • Morbett: Femi Care Tonic claims that ‘ayurvedic medicine for women's complete health.’ was not substantiated.
     
  • Super  Height:  Claims that it will ‘increase height 2 times faster, India's no.1 product in India which  helps  grow  height  faster  which  is  beneficial  in  mental  and physical development’. ‘Increase 3-5 inch height in 3 months, very effective till the age of 34.’
     
  • Janki Aushadhalaya: Claims that it is ‘100% herbal ayurvedic medicine’, ‘make penis shapely and increase sex power by 30 to 45 minutes’, ‘get 100% rid of impotency, premature ejaculation, nil sperms, night fall, and bad habits like masturbation.’
     
  • Seva  Herbal: ‘Impotency’, ‘Premature Ejaculation’, ‘Safe and successful Treatment’,  ‘No 1 Herbal Clinic in North Bengal’,  ‘Size Enhancer.’
     
  • Krushna Health Care:  Claims that it can ‘get you permanently rid of premature ejaculation, impotency, small penis, thinness of penis, crookedness, night fall and weakness arose due to semen in urine.’ ‘100% herbal medicine.’
     
  • Dr Dev Slimming Clinic: Claims that it helps lose 4-5 kg weight loss in 10 days. It also offers money back guarantee as also 30 kgs weight loss is being promised.
     
  • Sun Clinic:  Claims that it is ‘100% successful treatment of STDs, impotency, nightfall, premature ejaculations.’
     
  • Sangita Homeo: Bahaar Oil/Shampoo claims that it is a ‘complete solution for baldness, hair fall, greying of hair and dandruff’,  ‘shows result in just 5 days’,  ‘re-grows hair’,  ‘gets rid of baldness.’
     
  • Amrut  Booty  Capsule:  Claims that it ‘gets rid of premature ejaculation’, ‘makes  semen  thick and removes its thinness’, improves the circulation of blood in the penis and removes the problems of penis, thereby making it more hard and fatty,  ‘stops night fall / semen in urine and is effective forever.’
     
  • HST Herbal Masti Course: Capsules/Oil claims that ‘successful treatment of sexual weakness, lack  of  sex,  premature  ejaculation,  manly  weakness,  flaccidity  of  organs,  smallness,  lack of sperms and nil sperms, mistakes of   childhood and masturbation, semen, nightfall.’
     
  • Sora GM:  Oil/Capsules claims that ‘the problem of Psoriasis can be solved permanently by Ayurvedic Medicine Sora-GM oil, capsule and pills.’
     
  • Meck Pharmachem Ltd: Glucomeck Tablets claims it is ‘very effective for the disease of Chicken Guniya.’
     
  • Tirth  Sai  Healthcare:  Proto  Capsules  claim  that  ‘Feeling  of  Energy,  Freshness  and Enthusiasm’, ‘Capsule  enriched with White Musli, Shilajit and Salam’, ‘Increases  immunity power’, Visuals imply product meant to enhance sexual pleasure.
     
  • France  Natural  Products:  Guarana  Fat  Burner  claims that it is ‘100% Natural & Veg, No Side Effects’,   ‘Guarana Fat Burner tablets dissolves the excess fat and max to lose weight even if you were fat since childhood. An individual can expect to lose anywhere between 05-20kg in 30 days depending upon the metabolism of your body’.
     
  • Dr Sheetal’s Slim Express: Claims that the patients’ insulin stopped or that she/he lost weight in the sessions of HFU & ion magnum.
     
  • Sarkar  Dispensary: The advertisement claims that it ‘Got International respect for the  second consecutive year in Dubai’,  ‘Successful treatment of childlessness, semen in urine, night fall, premature ejaculation, smallness, weakness, sagginess, anxiety’, ‘Successful treatment weakness raised due to Sugar, Age & Obesity.’
     
  • Aura Nutraceuticals Ltd: Kohinoorprash Ayurvedic Chyavanprash claims that Kohinoorprash - enriched with Hirak, Suvarna bhasma & Shilajit - to  keep away senility, debility and ageing process, - For sexual weakness & low immunity power, - For enhancement of longevity, vigour & vitality.
     
  • Kashyap Clinic claims that ‘sure benefit of internal weakness, leukoria, by Ayurved and Yoga.’
     
  • Piramal Enterprises Ltd: Polycrol Xpress Relief claims that ‘It can knock out acidity in 5 seconds.’
     
  • Dr Batra’s Positive Health Clinic: Dr Batra’s Homeopathic Clinic claims that it is ‘Awarded as India's only Trusted Brand in Homeopathy - Brand Trust Report – 2013.’
     
  • Shree Baidyanath Ayurved Bhawan: Baidyanath Vita Ex Gold Plus claims that it ‘Never lets you down’, ‘Gold Bhasma - Scientifically proven to be a natural potent aphrodisiac’, ‘Baidyanath Vita-ex Gold Plus Capsule - For Vigour & Vitality.’
     
  • Bio - Green Healthcare claims that it ‘Helps get rid of sugar, obesity, constipation, joints pain, hair problems, gas- acidity.’
     
  • Innovative Cure claims ‘Complete freedom from baldness’, ‘No increasing white spots (Leucoderma)’, and ‘Get the skin colour immediately.’
     
  • Sehat  Homoeopathy claims ‘Get rid of Baldness permanently, grows hair in just 14 days’,  ‘Natural Permanent Hair’,  ‘Pain free procedure’,  ‘100% Guaranteed Result.’
     
  • Shivani Aushadhalay & Naturopathic Hospital claims ‘Treatment of increasing chest and height.’
     
  • Emami  Ltd: () Zandu  Sona  Chandi  Chyawanprash  Plus  claims  that  the  product  gives  a child a sharp brain like Einstein & immunity like Bheem.
     

  • Kuzaolin  Slimming,  Laser,  Beauty  &Ayurveda  advertisement  promises  weight  loss  of  5  kg and 10 kg in 1 week with lipolysis.
     
  • Dr P K Jain Clinics claims ‘Meet for most successful treatment of Sex Problems and less sperm count.’, ‘World's No.1 sexologist Top ranking sexologist.’
     
  • AAA Teleshopping P Ltd:  Sampoorna Vastu Shanti Sangreh advertisement shows that some TV actors claim that this product will do Miracles and will remove all the sorrows of the buyers of this product.
     
  • Shri Guru Nanak Dev Ayur Dispensary: The advertisement claims ‘Assured treatment of hair problems (visual indicates baldness), skin disease, obesity.’
     
  • Clarins: Clarins White Plus claims that ‘After 4 weeks, Asian women testing this product saw the  following  results:  91%  Less  yellowish  skin  tone,  87%  More  even  and  clearer  complexion, 87% Improved rosy luminescence’ Super: Satisfaction test, 53 Asian women, 4 weeks.
     
  • Suo motu: Johnson & Johnson Ltd (Johnson Baby Soap) claims Saumyata ke 12 tests.)
  • Dabur India Ltd: Fem Bleach Cream claims that is ‘the first dermatologically tested bleach.’
     
  • Go Addiction Plus claims that, ‘the use of this product for the perfect cure for the people addicted with alcohol, cigarette, tobacco, etc.
     
  • Procter & Gamble Hygiene and Health Care Ltd:  However the claim “Wella colour provides superior damage protection”, was not substantiated.

 

EDUCATION
 

Anurag  Aggarwal  Institute  of  Public  Speaking:  claims ‘ISO9000-2000 certified’, MPs from various  political  parties  as  their  clients,  ranking  by  Google  as  No.1,  were  not  substantiated.   The Website Ad contravened Chapter I.1 of the Code.  The complaint was UPHELD.

 

Saffron Eduworld Pvt Ltd’s Saffron  Eduworld  Coaching,  BSC  Academy,  National  Institute  of Banking,  Tara  Institute,  Lakshya  Bankers,  National  Institute  of  Nursery  Teachers,  Jeet Conceptual  Classes,  Indian  Institute  of  Emergency  Medical  Services  (IIEMS),  Karunya University’s Karunya School of Business, Leadership and Management Complaints  against  advertisements  of  All  above  educational  institutes  were  UPHELD  because  of unsubstantiated claims that they ‘provide 100% placement and/or they claim to be the no.1 in their respective fields’.
 

CONSUMER DURABLES

Bajaj Electricals Ltd:
(Bajaj CFL Bulbs shows poor lighting, hides skin fairness of a girl who has to meet a potential suitor the next day.  The ad denigrates women based on the color of the skin of the girl. The complaint was UPHELD.)


FOOD & BEVERAGES

The CCC concluded that the claims mentioned in these 7 advertisements were not substantiated.  The advertisements contravened ASCI’s Code.  The complaints were UPHELD.

  1. Organic Living Pvt Ltd: Organic Living Fat Out Oil claims that it removes excess fats in few days of its use. 
     
  2. Star Vision Aloe Star Juice: Claims that it helps ‘control high blood pressure in 30 days. Effect starts from the 1st day.’ ‘First time in India most viscous, fibrous and pure Aloe Vera juice’. 
     
  3. Cadbury India Ltd: (Cadbury Choclairs claims that this chocolate does not stick in your teeth. They changed their name from Cadbury eclairs to Cadbury Choclairs claiming the chocolate does not stick.)


     
  4. Nashik Vintners Pvt Ltd: Sula Vineyards claims that ‘Diwali Manaye Bharat Ki Pasandida Wine Ke Saath Sula Vineyards A/c. 12.5% v/v.’
     
  5.  Jeevan Sanchay Distributors: Jeevan Sanchay Soup (powder) claims that ‘Soup Maker - Best and world's first for reducing weight’,  ‘100% Natural’,  ‘Jeevan Sanchay Powder (Churna) is world's  first  technique  for  reducing  weight,  without  exercise, medicine, fasting, operation,  chemicals, artificial flavours, sugar and without salt,  ‘This powder is effective on other effects of obesity along with reducing weight’,  ‘Reduce weight 5 to 15 kg in 30 days’.
     
  6. Vimal Vimal Pan Masala claims that it is ‘world's No.1 selling Pan Masala’. 
     
  7. Haldiram  Foods  International  Ltd: Haldiram Salted Peanuts  claims  that  the  pack  shows,  a whole  nut  which  is  white  and  large  in  size,  which  appears  to  be  export  quality.  Whereas the packet contains cut pieces and roasted half nuts.

OTHERS
 

ICICI  Bank  Ltd:  ICICI  Pockets  advertisement  shows  a  lady  driving  a  scooter  with  2  pillion (children  on  the  back)  riders  which  is  against  the  rules,  no  one  is  wearing  a  helmet  and  she  is  also depicted  as  promoting  unsafe  driving  as  she  has  only  1  hand  on  the  handle. The Ad depicts unsafe practices.  The website advertisement contravened Chapter 3 of the ASCI Code. The complaint was UPHELD.
 

Microtek International Pvt Ltd:  Microtek Inverter UPS claims that the inverter saves electricity was not substantiated. 
 

JAM venture Publishing Pvt Ltd:  The advertisement is a false job advertisement for the Royal National Hotel, London. 
 

Ceat Ltd: In the TVC, a girl is shown driving a car while another lady sits in the backseat. They are constantly talking to each other. The protagonist in the TVC is shown driving carelessly and the TVC shows an unsafe practice.  The advertisement contravened Chapter 3 of the ASCI Code and the Guidelines on Advertisements for Automotive Vehicles.  The complaint was UPHELD.

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Banks to remain open on last three days of March

While 29th March is a Saturday, 30th March is Sunday and 31st March is the last year of financial year and is a public holiday (Gudi Padwa) in some parts of the country

Bank branches across the country will remain open for full day between 29th to 31st March to facilitate tax collection.

 

While 29th March is a Saturday, 30th March is Sunday and 31st March is the last year of financial year and is a public holiday (Gudi Padwa) in some parts of the country.

 

“The Chairperson, Central Board of Excise and Customs has requested the Secretary Financial Services to issue instructions to have the banks open for full day on 29th, 30th and 31 March 2014 so that the efforts made for collections of revenue are reflected appropriately,” an office memorandum said.

 

Bulk of the revenue is received at the end of the month, it said, adding banks need to facilitate electronic tax payment by assessees.

 

In the 2014 interim budget, the government has lowered the indirect tax collection target for the current fiscal by Rs45,483 crore to over Rs5.19 lakh crore.

 

Of this, over Rs1.75 lakh crore and Rs1.79 lakh crore is to be mobilised from customs and excise duty collection and about Rs1.65 lakh crore from service tax.

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COMMENTS

S BHASKARA NARAYANA

3 years ago

Rs.2 lacs above transactions to be routed through RTGS, for which only upto 16.30 hrs allowed for all these three days by the banks., whereas the NEFT for lower amount transactions are permitted upto 20.00 hrs for all these three days.

TIHARwale

3 years ago

Bank staff should recoup the pay lost for more than 6 days during year as a result of participating in strike called by Bank Unions which neither got them any benefit except the striking staff lost days salary. But seriously if organisations cannot pay taxes in time why Bank counters need to be kept open in any case all banks are proving on line tax remittance facility thro net banking ?

TIHARwale

3 years ago

Bank staff should recoup the pay lost for more than 6 days during year as a result of participating in strike called by Bank Unions which neither got them any benefit except the striking staff lost days salary. But seriously if organisations cannot pay taxes in time why Bank counters need to be kept open in any case all banks are proving on line tax remittance facility thro net banking ?

Suiketu Shah

3 years ago

Timely news.ML is the first to report this.Happy to hear this.

Public Interest Exclusive
Subrata Roy of Sahara Meets the Law

Subrata Roy of Sahara has probably always believed that he does not need not follow laws, as long he has powerful connections. This belief of his has been badly dented by the Supreme Court. But does Mr Roy understand it still?


Once again, as we go to print, the Supreme Court of India (SC) has remanded Subrata Roy, head of the Sahara group, to custody until 25th March. On 13th March, Mr Roy’s lawyer, Ram Jethmalani, challenged his imprisonment on the grounds that it was ‘illegal and unconstitutional’. The two-judge bench of Justice JS Kehar and Justice KS Radhakrishnan was unmoved and refused to grant bail saying Mr Roy had failed to come up with a written repayment plan as directed by the Court. The Sahara group has been asked pay up over Rs20,000 crore, plus 15% interest, to the Securities & Exchange Board of India (SEBI) in compliance with its August 2012 order.

Some would argue that since Sahara failed to comply with its orders, the Supreme Court hardly had a choice but to keep Subrata Roy in jail. After all, consider the situation. The apex court has given Sahara a really long rope for over three years. But it is almost as if Sahara does not even comprehend the sanctity and seriousness of Supreme Court hearings. All through the trial, it issued defiant and childish advertisements in all national newspapers on the trial days; many bordered on contempt but the Court chose to ignore them. Mr Roy also ignored the apex court’s instructions to be personally present in Court, finally leading to the arrest. It is safe to bet that no other corporate group would have exhibited such defiance.

Sahara claims to have paid back over Rs22,885 crore to those who invested in optionally fully convertible debentures issued by two realty companies of the group. In addition, it has deposited Rs5,120 crore with SEBI under the court orders.  Sahara’s alleged CASH refunds were in defiance of the Supreme Court’s explicit order to deposit the money with SEBI, to be disbursed to investors after verification by a retired Supreme Court judge.

Worse, Sahara is unable to demonstrate how such a large amount of cash was generated to make the payments. Surely, any business group would need to liquidate some assets to pay back a whopping Rs22,000 crore in cash. The UPA government and the entire political establishment, which is watching the proceedings in silence, does not seem to notice the irony of the finance ministry’s claim about monitoring cash payments. No questions have been asked by the tax department which routinely harasses retired, middle-class, senior citizens about tax returns filed a decade ago.

Interestingly, Sahara has got away with similar refund claims in the past because the Reserve Bank of India (RBI) remained silent. Sahara issued advertisements claiming to have raised Rs73,000 crore in deposits through its residuary non-banking company and claimed they were repaid long before the 2015 deadline set by RBI. While RBI remained silent, bankers admitted that the money was simply rolled over to its new, highly publicised retail venture called Q-shop, without any direct repayments to savers.

Clearly, Sahara does not believe that laws, regulations and tax compliance apply to it, so long as it is able to forge powerful connections across politics, cricket and cinema and hire India’s best legal brains. But with Subrata Roy behind bars since 4th March, and its political friends busy with a game-changing general election, things are getting hot for this group. While SEBI is seeking help from foreign investigators to track its properties abroad, the group attempted to cobble up support from a rag-tag bunch of film stars and cricketers which fell flat. It is unclear if the group has even begun to understand the gravity of the situation.
 

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COMMENTS

Indur Chhugani

3 years ago


Read how YOUR Bank refuses loans to YOU
BUT gives Crores to fraudsters.

Courts protect both Bank Officers and Fraudsters.

http://ikchhugani.wordpress.com/2014/05/...

REPLY

Dayananda Kamath k

In Reply to Indur Chhugani 3 years ago

i have filed a complaint with chief justice of karnataka highcourt with a copy to cheif jusice of india at supreme court of india regarding how the court is allowing abuse of legal process and judgements are given without taking into account all the facts depending upon the lawyer who represents the case. but no action till date. and for my rti quiry about the action taken it is replied filed. and my appeal to applate authority under rti is rejected as back papers not attached. when an appeal is prefered on rti reply received i am first time hearing we have to attach back papers. doesnt applate authroity get the papers from the public information officer. if this is the attitude of courts to rti who will give justice. the issue is impoort of gold unauthroisedly. violation of laws of the land.

P b Sarma

3 years ago

politicians are hand in glove with these crooks.so multi crore scamsters will never get punished so easily.at that time the Great VAJPAYEE ALSO ASSURED THAT STERN ACTION WILL BE TAKEN AGAINST THESE FRAUDSTERS BUT NOTHING HAPPENED.
THE BEST EXAMPLE IS CONTAMINATED COOL DRINKS.SUCHITRA NARAYAN HAS GIVEN PROOF HOW OUR COOL DRINKS ARE HAVING HIGH LEVEL OF PESTICIDE CONTENTS.BUT ANYTHING HAPPENED SINCE THEN.AS FAR AS I KNOW THAT THE MPS ARE KEPT IN GOOD HUMOUR EVERY MONTH FROM THE SOFT DRINK MANUFACTURERS.
SAME IS THE CASE WITH PESTICIDE AND PHARMACEUTICAL MNCS WHO KEEP OUR MPS IN GOOD HUMOUR EVERY MONTH OR AS OFTEN AS POSSIBLE.THEIR CHILDREN GET FREE EDUCATION AND EMPLOYMENT ABROAD.SO THEY NEVER MIND TO CLOSE THEIR EYES AND ALLOW TO MARKET ALL THE BANNED PESTICIDES AND MEDICINES TO BE MARKETED IN INDIA AND RISK THE INVALUABLE HEALTH OF MILLIONS OF PEOPLE IN INDIA.PRACTICALLY THEY ARE CHEATING ALL THE ILLITERATE AND GULLIBLE PEOPLE WITH THE CONNIVANCE OF OUR POLITICIANS.
WHAT HAPPENED TO BHOPAL GAS VICTIMS.SO FAR THERE IS NO RELIEF.THE ACCUSED MD LEFT THE COUNTRY SAFELY WITH THE ACTIVE COOPERATION OF OUR POLITICIANS AND OFFICIALS.
IS IT POSSIBLE IN A COUNTRY LIKE UK,USA OR GERMANY OR SWITZERLAND.
THERE ARE EXAMPLES OF PAID NEWS AND CORRUPTION IN JUDICIARY AT HIGHER LEVELS IN INDIA.THEN WHO CAN SAVE THE COMMON MAN IN INDIA.
THERE IS CHEATING AT EVERY POINT.
THE GREAT INDIA TODAY PREDICTED ONLY SIX ASSEMBLY SEATS IN THE LAST ASSEMBLY ELECTIONSIN DELHI TO AAP AND TRIED TO MISLEAD THE DELHI ELECTORATE.SUBSEQUENTLY THEIR PARTNER WAS CAUGHT IN A SCAM OF MANIPULATION OF SURVEYS.
PRACTICALLY NOBODY IS BEING PUNISHED FOR VERY BIG SCAMS ONLY THE PICKPOCKETERS ARE ROTTING AS UNDERTRIALS IN JAILS.
THE CASE OF SUBRATHA ROY ALSO CAME TO THIS STAGE ONLY BECAUSE OF SOME HONEST JUDGES.BUT I DOUBT IT MAY BE WATERED DOWN IN COURSE OF TIME.HOW LONG A FEW JUDGES CAN CONTROL THE WHOLE NATION.
WHAT HAPPENED THE SCAMS OF COOPERATIVE BANKS.HOW MANY WERE ACTUALLY PUNISHED.MOST OF THE BORROWERS OF THESE COOPERATIVE BANKS WERE ONLY POLITICIANS WHO NEVER REPAID THE LOANS.
WHAT IS HAPPENING TO DEFAULTERS OF BIG LOANS IN INDIA.THESE DEFAULTERS HAVE CLEVERLY SWINDLED PUBLIC MONEY.BUT OUR GOVT IS FAVOURING WITH WRITE OFFS.IS IT NOT DAYLIGHT ROBBERT BY THE BIG AND INFLUENTIAL AT THE COST OF SUFFERING FARMERS WHO ARE COMMITTING SUICIDES DUE TO BURDEN OF DEBTS CAUSED BY GOVT POLICIES LIKE UNREMUNERATIVE PRICES,LACK STORAGE FACILITIES
INDIA IS A LAND OF GREATEST INEQUALITIES AND CONTRADICTIONS.
MAY GOD ONLY SAVE INDIANS.
THERE SHOULD BE CHANGE IN THINKING OF POLITICIANS,BUREAUCRATS AND HIGH PROFILE INDUSTRIALISTS AND BUSINESSMEN.

P b Sarma

3 years ago

let sebi now act against all teak plantation companies also who cheated gullible public with the collusion of political leaders.now sebi got all powers with the new ordinance.why sebi is selective against sahara.I INVESTED RS ONE LAKH FIFTY THOUSAND IN MAXWORTH ORCHARDS IN 1996 BUT I DID NOT GET EVEN A PENNY OUT OF IT.I REPORTED THE MATTER TO SEBI ALSO LONG BACK AND ONCE AGAIN ONE MONTH BACK. P B SARMA.

REPLY

Shirish Sadanand Shanbhag

In Reply to P b Sarma 3 years ago

Mr. P. B. Sarma,
In early eighties and laste nineties, several companies came up with Plantations & Teak wood plantation.
Investors at that time never studied the laws governing Private Plants. Even to cut a tree grown on private land, you need Government permission to grow it and cut it. Even if it is grown without Government Permissionb, to cut it you need Government Permission, as if that plant is grown on Government Forest Land.
SEBI has clearverly exdcluded plaqntation investment, as it was having lot of complication, such as to know wheter palnt grower is a Govt. recognised farmer, and trees are grown with proper Govt. permission. Therefore, getting any relief to complaint made to SEBI against Plant Growing Scheme is not possible.

Dayananda Kamath k

In Reply to P b Sarma 3 years ago

suman motel also is one such case where actually a police commissioner to recover his money destroyed the company

Ramesh Bajaj

In Reply to Dayananda Kamath k 3 years ago

How is that? Is there any hope of recovery? I am told that economic offences wing is doing the needful and matter is pending in High Court.Any info that will help is welcome.

Dayananda Kamath k

In Reply to Ramesh Bajaj 3 years ago

sebi s over reach killed the schemes. if it were to succeed it would have given us green cover as well as good returns also. they painted everybody as rogues and forced them to foreclose the schemes even banks will collapse if they were asked to pay back. even nsel is also killed by the over enthusisam as well as may be a conspiracy.in such cases govt as well as regulator should act cautiously after taking into consideration all aspects. best example is uti restructuring done by yeshwant sibnha. to day govt benefited and still holds substantial stake.

Khaja Mohiuddin

3 years ago

A citizen should respect the law. Money power should not reach the highest in the brain. The Corporates to be warned from participating in sports while being defaulters to banks, customers, depositors and become willful defaulters. This case should open the eyes of corporate defaulters as Banks and judiciary will catch them one day-sooner the better.

REPLY

Shirish Sadanand Shanbhag

In Reply to Khaja Mohiuddin 3 years ago

Respected Khaja ji,
I liked your brief and to the point comments on Subrata Roy's acts.

Rishi Malik

3 years ago

How can sebi act like this? They are themselves a bunch of idiots who more power than they can digest.

REPLY

Shirish Sadanand Shanbhag

In Reply to Rishi Malik 3 years ago

Rishi ji,
You thank SEBI, for taking some punitive measure on Subrata Roy, lately.
It is better late than never.
For over 20 years, not only SEBI, but all the investigating machinary of our Country kept quiet. Not only that, Roy was awarded, and facilitated for his works, even by well known media houses of India.

rathindra

3 years ago

Thanks to SC regarding cancellation of bail petition of Subrata Roy No body can above the Law.Mw S R also ignored the Apex courts instruction day after day for personally present, finally leading to the arrest.

REPLY

Shirish Sadanand Shanbhag

In Reply to rathindra 3 years ago

Rathindra ji,
Let us wait till Lok Sabha results are out. If Subrata Roy, still do not get his bail, then he will force Government to gove him bail.
Today you must have read in news papers that over one million employees of his companies have not got their March, 2014 salary, because he is in jail. This pressure tectics will bring Subrata Roy elegible to get him bail, to release salaries of his employees.

Dayananda Kamath k

In Reply to rathindra 3 years ago

i think justice to be done but it also must appear to have been done. in this case it appears that there is a bias.when courts are giving bail who have done scams of thousnads of crores for some lakhs. but in this case they want to collect 75% of the amount for which there is no claim from depositors. and they have told they have paid the amount substantially on their own. even sebi has not acted on muthoot groupe who have also collected huge amounts by private placement of debentures.

Shirish Sadanand Shanbhag

In Reply to Dayananda Kamath k 3 years ago

Dear Dayanand Kamath,
Do you say Muthoot Group has made scam in private placement of their non-convertible debentures?
I never knew this. It is good working company.
Will you please put Muthoot Debenture Scam on this blog or Email me, so that it may be taken up for the task, by SEBI.
Thank you.
Shirish Shanbhag, Mumbai-400089.
Dated: 31.3.2014
Email ID: [email protected]

Dayananda Kamath k

In Reply to Shirish Sadanand Shanbhag 3 years ago

may be some three years back i have seen their private placement offers which are completely out of sink with sebi guidelines. they have appointed one of their own directors as trustee for debenture holders. it was issued against the gold pledged with them and being projected as secured debentures. some of my firends asked my opinion at that time i suggested him not to go for it because of these deficiencies. may be with that money only they have expanded. sebi can verywell verify their accounts for last 8years or through ministry of corporate affairs. it appears to me similar to sahara scheme only may be with a differrence that kyc norms might have been followed

Ramesh Bajaj

3 years ago

It is heartening that the courts are forcing Sahara group to pay.
I am a small investor ( a senior citizen-66 years old) and would like to know if there is any way that SUMAN MOTELS group can be made to repay my investment of Rs. 1 Lakh. They have not even paid the interest for so many years.
Much obliged if some one could help me recover principal and interest, if possible.Thank you

REPLY

Shirish Sadanand Shanbhag

In Reply to Ramesh Bajaj 3 years ago

Have you taken up this matter with SEBI and Consumer Protection Forum of your District?
If not you can take up the matter even now, with a request to condone the delay in filing the complaint. As a senior citizen, and having no income source, they may consider your complaint in priority basis.
You may come to Legal Resource Centre of Moneylife Foundation, Mumbai-28,lodge your complaint on line, for any solution free of charge.

Shirish Shanbhag, Mumbai-400089.
Dated: 27.3.2014

Ramesh Bajaj

In Reply to Shirish Sadanand Shanbhag 3 years ago

Dear Sir,
I have filled in a form (of Moneylife) on the net lodging a complaint.; but I have not received any response.
May I have your email address.
Thanking you,
Yours sincerely
Ramesh Bajaj
9821047859/ landline: 24140264

Shirish Sadanand Shanbhag

3 years ago

I am very happy to read a write up by Suchita Dalal on money scandel of Sahara group, in Moneylife Foundation's Email.
More than 20 years ago, when every one in Mumbai Stock Exchange was simply dancing for bull market prevailing then because of Harshad Mehta, that time, single handedly Sucheta Dalal exposed Stock Market Scam, amounting to more than 5,500 crore rupees.
Leading legal luminaries of India are all hired by Subrata Roy and, Sucheta Dalal herself is no less than LL.M. qualifications and with her indepth study of stock market, will expose this another monitory scam, which has eroded the country, a day light robbery.
Shirish Shanbhag, Mumbai-400089
Dated: 26.3.2014
Email ID: [email protected]

viv

3 years ago

In continuation to my earlier remark, I hope everybody would agree that RBI would not have allowed money laundering through "fictitious Investors", as has been claimed by SEBI, for last 25 years irrespective of its scope of audit.

REPLY

Dayananda Kamath k

In Reply to viv 3 years ago

rbi is the facilitator. inspite of complaint they have not taken action on gold importors,nominated agencies, and bankers in unauthorised gold imports. there is no monitoring of export advance received. that is why agusta westland happened. enforcement directorate should first book rbi for fema violation.and why is cbi not initiating action when it is taking action against dave for similar violations as regulator. it is selective action. after coalgate there is gold gate in waiting.

DChats

3 years ago

I also read in some news columns that Sahara has submitted account opening forms in original with photographs of depositors. Then there were reports that SEBI has only sent some letters to depositors instead of performing any field survey. SEBI claims that many of the letters were not answered while Sahara claims that since most of the depositors have been paid so why would the take the trouble of replying to SEBI. Sometime I feel that SEBI is working from the confines of it air conditioned offices and does not want to go out in the field on fact finding. It seems very confusing and I think SEBI has lost it. RBI, having better exposure of Sahara and as a tested guardian of the public deposit industry, would have done a better job than SEBI.

REPLY

ANKUR AGARWAL

In Reply to DChats 3 years ago

I fully agree with you. Sitting at the office at mumbai you cannot find the ground realities which exists in rural areas. Many of the villages still do not have the house number etc.This does not mean that these villages are having fictitious people.

DChats

3 years ago

Sahara claims to have deposited TDS that simply means that depositors exist. Otherwise there would have been contradiction. Therefore I will not believe "Sahara doing money laundering" theory blindly.

REPLY

ANKUR AGARWAL

In Reply to DChats 3 years ago

If no depositor is turning out to take the money one cannot say that they actually doesnt exist. To be fair for both the parties i feel a verification of the depositors should be made by some agency. to the best of my knowledge even supreme court has given this verdict that the depositors should be verified. Only hard thing to digest is why SEBI has not till date put any agency for verification of depositors. It has been about 17 months since the date of judgement. Readers comments alongwith the comments of senior journalists are requested on this.

Bosco Menezes

In Reply to DChats 3 years ago

Just fyi, if you are a deductor & if TDS is applicable on a transaction, you have to deduct the same, whether the deductee gives you a PAN No or not. So i dont know how you are drawing this conclusion.

viv

In Reply to Bosco Menezes 3 years ago

You are right, but to assume that the entire deduction is with out PAN, without any enquiry, shall also not be correct.
It is due to all these reasons that I have raised the issue of "the least this case deserves is a proper enquiry/ investigation" in one of my earlier comment. People have started drawing unnecessary conclusions instead of concentrating on the issues raised in my comments.

Bosco Menezes

In Reply to viv 3 years ago

Hi Viv,

This case has been argued at length, including at the Supreme Court level ... all submissions of Sahara have probably been considered on merit.

I don't believe that the entire judicial & quasi-judicial machinery from top to bottom can be biased against Sahara .

DChats

3 years ago

If depositors are fictitious then this is definitely a serious issue. But if TDS has been deposited it simple means that depositors exist.

Harish Kohli

3 years ago

I am not one of the crores of people, who as Sahara claims, have invested in their schemes. I have, unfortunately, missed the be great benefits that have accrued to these crores. Despite reading newspapaers, magazines regularly, I wonder how I missed the analysis of and writeups on the Group schemes. Of course I did read about and see the powerful, the pretty girls and the handsome men.
I doubt if there is anyone who will not laugh at the full page advertisements by the Sahara Parivaar.

Harish Kohli

REPLY

viv

In Reply to Harish Kohli 3 years ago

When senior journalists covering the case do not have fair idea about it, it is very natural that people who are not even remotely associated (as has been claimed)with the case can only laugh about it and will only see the things they are interested in i.e. pretty girls and handsome man. However it is very surprising that such people have started showing so much interest on this forum suddenly.

Harish Kohli

In Reply to viv 3 years ago

What a lovely, perfect reply. Senior journists don't have a fair idea, SEBI does not have a fair idea nor does the High Court nor does the Supreme Court.

Sucheta Dalal

3 years ago

Request readers not to be misled by comments that are clearly being posted on behalf of Sahara. This happens every time we write about Sahara!

REPLY

NSriramamurty

In Reply to Sucheta Dalal 3 years ago

Thanks for Guiding Members.

viv

In Reply to NSriramamurty 3 years ago

Much needed support

ANKUR AGARWAL

In Reply to Sucheta Dalal 3 years ago

Madam,

It is really harsh to note that you as a writer is instructing the readers not to be misled by the comments posted on behalf of sahara. Any article has its pros and cons. Different people may have different opinions on the subject. How can you say that whatever you wrote is truth and others are wrong. Infact i feel that you must welcome all the views. Your article is your own view which the magzine has published. I can share hundreds of other articles wherein contrary view has been taken.

NSriramamurty

In Reply to ANKUR AGARWAL 3 years ago

It is Proper for you to share here Other Articles Favouring Sahara's Action , Based on which Your Comments are Given.Simply Bombarding Others is not Fair.

MDT

In Reply to ANKUR AGARWAL 3 years ago

Dear ANKUR AGARWAL,
Thanks for posting your comment.
We always welcome fair comments that are posted by reader without any vested interest. However, similar to Viv, you are also using this space to post comments with vested interest in mind.
Also please make it clear, if the comments being posted, by both of you, are the official view of Sahara Group and you are authorised by the Group to post comments?

Regards,
MDT

ANKUR AGARWAL

In Reply to MDT 3 years ago

Dear MDT

It is very astonishing to note that instead of discussion on the forum I am being asked about my identity. What ever i post on any portal on any issue is independent of my business or profession

viv

In Reply to MDT 3 years ago

It is a very old strategy when you are not able reply on the content of the comment then start making personal attacks. Very unfortunate. My only intention is to have meaningful discussion & everybody will agree that no discussion would be meaningful if we all think in only one direction. I know it would not sound nice & would definitely end the discussion if the same thing is said other way round i.e. "the article is written with vested interest in mind".

viv

In Reply to Sucheta Dalal 3 years ago

This is last thing one expects from a such a reputed journalist. May be some comments are baised but that applies to both (pro & against). What is wrong in having a different opinion on a discussion forum. How will it sound if somebody says that the article does not reflect the entire truth.

Sanjit kumar

In Reply to viv 3 years ago

How any one talk in favor of Sahara ?Economy of the Country is regulated through the monetary policy of RBI,Sahara has created unregulated economy parallel to the regulated economy of RBI. It is not a question whether they refund to investor or not basic question is how any organization in the Country can carry the business of doing banking activity in such fashion. It is a case of illegal business defeating the object of Monetary Policy issued by RBI time to time. Presently Supreme Court is insisting to refund the amount only. Sahara made huge investment outside India. Even today they are doing illegal Banking activity through their Cooperative Society. Subrat Roy made his own law, he has got patronage of politicians, bureaucracy and media. In my opinion he should not be allowed to come out of Tihar Jail,rather entire property of Sahara Group should be seized.

viv

In Reply to Sanjit kumar 3 years ago

This is a very decent forum and in order to maintain it's sanctity we should only talk on logic and on what ever facts available with us. Please refrain from making such irresponsible comments devoid of any substance.

Dayananda Kamath k

In Reply to Sanjit kumar 3 years ago

then why rbi is allowing mobile companies to do the money transfer which is also paralal banking without any controll on money supply. why rbi is talking about financial incluion when you can not easily open an account now a days in a bank. he should be punished if he has done anything wrong.the law itself was not clear.if he has paid the amount then why it should be insisted that it should be paid through sebi only. you have the documents of applicants verify with payment details.

MDT

In Reply to viv 3 years ago

Dear Viv,
Thanks for posting your views.
Kindly refrain from misleading readers. We know who you are and where you work. Does Kartavya Council or Worker Command Office ring any bell? Dont make us to reveal your vested interests in posing nasty comments.
Regards,
MDT

viv

In Reply to MDT 3 years ago

In all of my earlier comments there is simply a difference of opinion for the sake of discussion which is irrespective of my identity. Hope you will agree with.

ANKUR AGARWAL

In Reply to MDT 3 years ago

Dear MDT,

Yesterday i posted one comment giving my views on the subject. The comment was very decent and nothing derogatory of any sort was contained in the same. However i was astonished to see that my IP address was blocked. Can i know the reason? Does your team only wants to get the positive views on any article

Indur Chhugani

3 years ago

Supreme Court normally favours powerful wrong doers - in this case the powerful wrong doer challenged the ego of the Powerful Judges of the Supreme Court, hence is in deep trouble.

Also the high profile Lawyers having good equation with the Judges, who get work done at Supreme Court cannot be of use to Mr Subroto Roy.

REPLY

viv

In Reply to Indur Chhugani 3 years ago

It is just a clash of ego and has been summarised well. The case has gone beyond the material facts & legal provisions in order to settle personal scores. I tried to put across the same point but unfortunately my earlier I.P. was blocked by this site. It seems they only want to have favourable comments.

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