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LEGAL RESOURCE CENTREMoneylife Foundation's Legal Resource Information Centre's (LRIC) main objective is to provide information, advice and preliminary guidance to persons needing legal help or planning legal action in 10 defined areas.

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Our panel of experts and resources are free and can be availed of anyone. Please click on Ask Question and send your query. Our Experts will provide basic guidance in due course.
You can seek help and guidance in following 10 areas such as CHS, property-related issues, Complaints to regulators, Consumer complaints, IT Act and civil liberties, Filing PILs, Whistleblowers, Sexual harassment case, Wills & nominations, RTI and Basic legal research.
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OUR EXPERTS

Shirish Shanbhag

An MSc in Organic Chemistry and Diploma in Higher Education and Diploma in French. As a junior college teacher, he taught theory and practical in chemistry, to students in 11th and 12th standard at Patkar College from July 1980 to May 2012. After his retirement in May 2012, he started providing guidance to people on several issues. It includes, career guidance, Cooperative Housing Societies' legal paper works, Right to Information (RTI), Lokayukta, Ombudsman complaints, Marriage Registration,

Bapoo Malcolm

Bapoo Malcolm is an Advocate at the Bombay High Court and a former national cycling champion and a man of many interests. Mr Malcolm is an expert in the mechanics of preparing Wills. He is advocate practising civil and criminal law as well as documentation and arbitration. He also takes up family court matters, redevelopment and MHADA matters and testamentary work, including litigation. Mr Malcolm operates in areas up to Nashik and Valsad and from Igatpuri to Udvada. He has experience in polluti

Jamshed Mistry

Jamshed Mistry is a BCom, LLB, DLL & LW. He appears as Counsel in the Supreme Court and in various High Courts all over India. His clients have included several corporate companies as well as public sector corporations and institutions eg. the Reserve Bank of India and the Brihanmumbai Electric Supply and Transport Undertaking. He also works actively for social causes like the rights of disabled persons, beach safety (Goa Action Plan), the setting up of distinct hawking and non-hawking zones in

Shailesh Gandhi

Shailesh Gandhi is a graduate in Civil Engineering from IIT Bombay. He was a first generation entrepreneur in plastic packaging and was CMD of Clear Plastics Ltd. At the end of the 90

Abhay Datar

Abhay Datar is a consumer activist and is also Member of the Managing Committee of Mumbai Grahak Panchayat (MGP). He was Treasurer at MGP for over two and a half years. After working at Bank of Baroda for about 29 years, he retired as IT Manager. After retirement, Mr Datar joined Consumer Guidance Cell of MGP in 2008 and solved many cases related to banking including online fraudulent transactions, misuse of credit cards and ATM cards. Also handled cases related to mobile and mediclaim. Mr Data

AV Shenoy

AV Shenoy hold degrees in both Mechanical and Electrical Engineering from VJTI, University of Bombay and a Post Graduate Diploma in Industrial Management from Jamnalal Bajaj Institute of Management Studies. Worked as a Design Engineer in Electrical Business Group of Larsen & Toubro Ltd. at Powai from October 1969 to September 2001 and retired as Dy. General Manager. Also worked as a Facilitator/Trainer for implementation of Total Quality Management (TQM) and ISO 9000 in the organization. Since r

SD Israni

Dr SD Israni is an Advocate & Partner of SD Israni Law Chambers and has over 37 years of experience in the field of Corporate, Commercial and Securities Laws. He has simply written the book on Indian securities laws, copies of which he kindly donated to Moneylife Foundation library. Dr Israni's professional achievements are formidable. He was a member of the Naresh Chandra Committee for simplification of Company Law relating to private and small companies. He has been on SEBI's committee on

Mohana Nair

Mohana Nair is an Advocate practising in the Bombay High Court since January 1982. She is a partner at JMB Partners, director at Ugam Solutions and director at Avalon Consulting and has been a Proprietor at Mohana Nair Associates in the past. Ms Nair is a member of the Notary, Greater Mumbai since 1993, a member of the Bombay Bar Association, Intellectual Property Law Practitioners Association and of the Legal Cell of Bombay Chamber of Commerce. Her clients include multinationals, foreign compan

Ashok Ravat

Ashok Ravat is a qualified metallurgical engineer from UK in Systems and Operation Research. Being a passionate activist he has dedicated himself to consumer, environment and civic causes all his life. His consumer protection interests include being the Hon. Secretary of the All-India Bank Depositors

Sandeep Jalan

Sandeep Jalan is a B Com and a LLB and is on the rolls of the Bar Council of Maharashtra and Goa since March 2010. He has under the guidance of the former Central Information Commissioner Shailesh Gandhi, has provided assistance to the State Information Commission, Mumbai, in strategizing expeditious disposal of 2nd appeals filed there. He is associated with many groups such as Advocates at Supreme Court of India, CSR India (IRDS), Corporate & Legal Professionals of India, Lawyersclubindia, Lead

Sachin Gupta

Advocate Sachin Gupta is a BCom, LLB and LLM and also has a diploma in International Law from the London School of Economics. He is currently a partner at Negandhi Shah and Himayutullah, which is one of the leading law firms of India associated with a vast range of commercial transactions involving corporate and civil law issues and provided guidance on legal issues to various privatization projects to major Indian and overseas corporates and to the State

Yogesh Sapkale

Yogesh Sapkale is Deputy Editor of Moneylife and writes on legal, RTI, and consumer issues

Raj Pradhan

Raj Pradhan is columnist at Moneylife magazine and had written over 40 cover stories on insurance. Raj has done his BE (Computers) from Bombay University and MBA in Finance from Cleveland State University in the US. He has worked as an Information Technology and Business Consultant in India and the US for over 15 years including over five years in the health insurance sector.

Sir/ Madam This is regarding Temple rose estate Pvt. Ltd (TREPL) open Plot investment Scam said to be a 400 Crores in size, around 4000 investors duped and director promoter Devidas Sajnani facing interrogation in Mumbai and Pune EOW and trial in session court Mumbai . Divides Sajnani is behind bar in Pune jail for more than a two month now. TREPL is registered under company law and rendering these phony schemes Since 2009 TREPL have sold plots under multiple schemes that is , 1) pay EMI for non NA plots and after certain period register plot in the name of investor with NA 2) buy back scheme 3) fake plot agreements with double the money on investment in 4 years. It was established that the money generated through such scheme was swindled and invested in other projects / plot purchase instead providing facility to plot holder as per agreement. Nonetheless , the said Plot and project land with the plot was sold to multiple investors. These plots were located at various so far known sites in Murbad of Thane , Pingori of Pune , Walusare of Mahad in Maharashtra and also in Telangana, Andhra Pradesh and Tamilnadu.

I am writing to you on behalf of group who are genuine TREPL investors registered our complaint with EOW MUmbai. Let me be very clear that we are not an agents group / association . there is another group /association of agent who has invested in the Temple rose schemes just to create trust in investors whist canvassing for TREPL with the only motives create wealth out of hefty commission earned by introducing investors. The reason mentioning about agents association is because it is in our knowledge that these agents have formed association to protect their interest with the only intension keep away police /court from the ambit of investigation and eventually keep away commission and wealth so generated from the eyes of government agencies.

We would like to seek your valuable guidance legal understanding advise and further directions in this case

We all are middle class people invested with the sole intension secure our future but trapped and ended up loosing our hard earned money .On the other hand TREPL Agents Directors have amassed wealth in an unethical way .

In this case, so far Pune EOW have attached 440 acre of land, car & frozen around 68 bank accounts and Mumbai EOW have attached 660 acre land all worth 70 cr and received just 20 Lakhs in frozen accounts (Ref. by TOI, Pune Sakal , Zee News) . However, whereabouts of property attached , cash seized from which account and other assets i.e jwellary, FD , shares etc is not known / clear to investors so far. The above property is belongs to TREPL. but clarity on personal wealth gathered through floating this fraud by five directors and 3200 Agents is still not known.

The company TREPL is registered under company law having 5 directors Devidas sajnai , his wife Vanita Sajnani and daughter Deepa Sajnani , Keshav Iddaya and Marx Thorat . Out of them only promoter director Sajnani is in pune Jail and all other directors are enjoying interim relief . However, none of them have been absconding so far. They are facing trials with the help of our invested hard earned money and hired well known lawyers in this field.

Out of 3200 agents of TREPL only 5 agents have been interrogated and put up in jail so far by Pune Police/EOW but we feel Mumbai EOW have not investigated enough and not even taken any body in custody although agents and other acting directors have gathered wealth in crores merely on the commissions.

Since 2015 we feel EOW Mumbai’s investigation process is very slow and thus they failed to win trust of genuine investors. They are not acting aggressively beyond attending case in Session court Mumbai. It is evident that, accused promoters were booked in 2015 but till today EOW have not received reports on forensic audit and not prepared chargesheet eventually.

In this context and situation mentioned above we hereby appeal to have your kind attention on this case.
We want to discuss below points with you mainly.
1) How can we ensure Sajnani had declared all the property assets personal and companies to EOW. How do we know if directors have enrooted money outside the country and ingrained in the “Benami” transaction.
2) EOW Mumbai is not in favor of arresting directors and agents. Then how will they ensure money engaged in this scam will be seized fully ?? How to confirm this or force them carry out thorough investigation.
3) EOW have leveled charges on promoters directors under IPC 420, 409 and 120 and MPID 3 & 4 Where as pune eow have leveled under IPC 412 & 419 and MPID 13 additionally along with the above mentioned . So are they enough in the interest of investors ??
4) Is there any means to stress for bringing transparency and accelerate eow Mumbai’s investigation and submission of reports. Accused promoters were booked in 2015 but till today we do not have reports on forensic audit which EOW claims they are waiting for report. It is clear case of fraud but chargesheet not yet prepared and submitted to court .
5) All the directors avoiding presence in session court Mumbai giving reason of illness. So progress in case is not beyond 9 times date after date since 17th March,2017.
6) The court passed order return back 170 grms seized jwellary belongs to director Keshav Iddya as being his relatives ownership established by the family function photograph.
7) The case presently standing in session court, Mumbai V/s EOW Mumbai is that enough or Do we have another effective options like to approach Consumer Court, ED, SEBI for fast and transparent trial and repayment.
8) Lastly , If we go to consumer court and if the verdict passed in our favor then who will pay us because EOW have attached TREPL property and freezed bank account.
We would like to seek your valuable direction and support to win over fraudsters TREPL .Looking forward for your guidance precious

Kind regards
Deepak Kamat
9819101324, 9833053186
[email protected]
For TREPL Fraud Victims Group
 Consumer complaints
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View Our Experts
Our Experts

Shirish Shanbhag An MSc in Organic Chemistry and Diploma in Higher Education and Diploma in French. As a junior college teacher, he taught theory and practical in chemistry, to students in 11th and 12th standard at Patkar College from July 1980 to May 2012. After his retirement in May 2012, he started providing guidance to people on several issues. It includes, career guidance, Cooperative Housing Societies' legal paper works, Right to Information (RTI), Lokayukta, Ombudsman complaints, Marriage Registration,

Bapoo Malcolm Bapoo Malcolm is an Advocate at the Bombay High Court and a former national cycling champion and a man of many interests. Mr Malcolm is an expert in the mechanics of preparing Wills. He is advocate practising civil and criminal law as well as documentation and arbitration. He also takes up family court matters, redevelopment and MHADA matters and testamentary work, including litigation. Mr Malcolm operates in areas up to Nashik and Valsad and from Igatpuri to Udvada. He has experience in polluti

Jamshed Mistry Jamshed Mistry is a BCom, LLB, DLL & LW. He appears as Counsel in the Supreme Court and in various High Courts all over India. His clients have included several corporate companies as well as public sector corporations and institutions eg. the Reserve Bank of India and the Brihanmumbai Electric Supply and Transport Undertaking. He also works actively for social causes like the rights of disabled persons, beach safety (Goa Action Plan), the setting up of distinct hawking and non-hawking zones in

Shailesh Gandhi Shailesh Gandhi is a graduate in Civil Engineering from IIT Bombay. He was a first generation entrepreneur in plastic packaging and was CMD of Clear Plastics Ltd. At the end of the 90

Abhay Datar Abhay Datar is a consumer activist and is also Member of the Managing Committee of Mumbai Grahak Panchayat (MGP). He was Treasurer at MGP for over two and a half years. After working at Bank of Baroda for about 29 years, he retired as IT Manager. After retirement, Mr Datar joined Consumer Guidance Cell of MGP in 2008 and solved many cases related to banking including online fraudulent transactions, misuse of credit cards and ATM cards. Also handled cases related to mobile and mediclaim. Mr Data

AV Shenoy AV Shenoy hold degrees in both Mechanical and Electrical Engineering from VJTI, University of Bombay and a Post Graduate Diploma in Industrial Management from Jamnalal Bajaj Institute of Management Studies. Worked as a Design Engineer in Electrical Business Group of Larsen & Toubro Ltd. at Powai from October 1969 to September 2001 and retired as Dy. General Manager. Also worked as a Facilitator/Trainer for implementation of Total Quality Management (TQM) and ISO 9000 in the organization. Since r

SD Israni Dr SD Israni is an Advocate & Partner of SD Israni Law Chambers and has over 37 years of experience in the field of Corporate, Commercial and Securities Laws. He has simply written the book on Indian securities laws, copies of which he kindly donated to Moneylife Foundation library. Dr Israni's professional achievements are formidable. He was a member of the Naresh Chandra Committee for simplification of Company Law relating to private and small companies. He has been on SEBI's committee on

Mohana Nair Mohana Nair is an Advocate practising in the Bombay High Court since January 1982. She is a partner at JMB Partners, director at Ugam Solutions and director at Avalon Consulting and has been a Proprietor at Mohana Nair Associates in the past. Ms Nair is a member of the Notary, Greater Mumbai since 1993, a member of the Bombay Bar Association, Intellectual Property Law Practitioners Association and of the Legal Cell of Bombay Chamber of Commerce. Her clients include multinationals, foreign compan

Ashok Ravat Ashok Ravat is a qualified metallurgical engineer from UK in Systems and Operation Research. Being a passionate activist he has dedicated himself to consumer, environment and civic causes all his life. His consumer protection interests include being the Hon. Secretary of the All-India Bank Depositors

Sandeep Jalan Sandeep Jalan is a B Com and a LLB and is on the rolls of the Bar Council of Maharashtra and Goa since March 2010. He has under the guidance of the former Central Information Commissioner Shailesh Gandhi, has provided assistance to the State Information Commission, Mumbai, in strategizing expeditious disposal of 2nd appeals filed there. He is associated with many groups such as Advocates at Supreme Court of India, CSR India (IRDS), Corporate & Legal Professionals of India, Lawyersclubindia, Lead

Sachin Gupta Advocate Sachin Gupta is a BCom, LLB and LLM and also has a diploma in International Law from the London School of Economics. He is currently a partner at Negandhi Shah and Himayutullah, which is one of the leading law firms of India associated with a vast range of commercial transactions involving corporate and civil law issues and provided guidance on legal issues to various privatization projects to major Indian and overseas corporates and to the State

Yogesh Sapkale Yogesh Sapkale is Deputy Editor of Moneylife and writes on legal, RTI, and consumer issues

Raj Pradhan Raj Pradhan is columnist at Moneylife magazine and had written over 40 cover stories on insurance. Raj has done his BE (Computers) from Bombay University and MBA in Finance from Cleveland State University in the US. He has worked as an Information Technology and Business Consultant in India and the US for over 15 years including over five years in the health insurance sector.

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