Saturday 29 June 2013

Beware of investing in Sejal or Sezal corporate Fixed Deposits, FDs or the registrar M/s Link Intime

Hi all,
I want to sensitize the public against the malpractices being followed by the company Sejal alias Sezal, etc in offering company FDs at attractive interest rates of 15 % or higher...
 I invested Rs 20k in Feb 2000 in a three year FD. On maturity of the same, I have got only the interest amount of around Rs 8.5k and the principal has not been returned.
I have tried to contact the company offices and their registrar, M/s Link Intime  through post, e-mail, telephone, etc for the past three months, but there has been no response through any modes of communication.
I have complained to the company law board mumbai and the disposal is awaited.
So, ,please all those who have invested, try and get immediate redemptions, if possible.... and those who planned to invest....please don't think that these FDs are good interesting earning tools.
So much so that the registrar, M/s Link Intime who manages several thousand crores worth of investments, doesn't seem to care and reply to investors. So carefully scrutinize any type of investment with Link Intime and choose someone else. Additionally, the company now continues to offer new FDs under a new name Sezal or alias,etc..None of its e-mails work or are responded.

In the hope of preventing others to fall in trap of these crooks....
Himanshu