Growpital Scam: Will SEBI Refund Investor Money?

[@lalramchandrasinghdeo1483]

Most under rated channel. High quality contents, investigative journalism. Mainstream media hides such news.

[@MoneylifeNewsBites]

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[@jamesstephen1516]

New scam but old tactics.. thank you for this eye opener

[@Anione111]

SEBI could have simply ordered (and monitored) Growpital to take necessary steps to comply with CIS regulations. One of which was not exceeding 100cr investment. Growpital could have simply been asked to return all amounts taken in excess of 100cr as a first step. Freezing accounts and letting crores of investors money to lie in current account not earning any interest cannot be condoned on the part of SEBI.

[@ukuk179]

Excellent analysis and delivery. Investors must be educated

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[@nalinichandrashekar]

Hahaha.. I remember in the 90s my dad has bought so many Teak trees from these agro companies. My dad used to believe that he will own these trees by the time he will retire. After he expired, i gave all those Tree certificates to raddiwala. 😅😃 I learnt a good lesson from this episode.

[@JohnSmith-sl6eg]

Raddiwala now has teak forest😂

[@sudhirpatil3434]

I also "own" some teak trees down in south India... Somewhere in Tamilnadu!! I do have certificate's of its ownership!!

[@VTh-f5x]

You could have kept them for memories.

[@nalinichandrashekar]

@@VTh-f5x Dude, Space contraints and no dearth of memories. We can only afford to keep memories in digital formats 😂😂… and that too till we can afford it🙄

[@VTh-f5x]

@@nalinichandrashekar you have very good approach to this.👍

[@sunitshanbhag9536]

SEBI Has been proactive. Glad you could explain arguments made by both Growpital And SEBI. I believe investor's must only invest in regulated entities governed by either RBI or SEBI.

[@adityapatra9183]

You must be joking right??? SEBI has been investigating since last 7.5 months and neither have they been able to prove that Growpital is CIS nor have they returned the amount that they froze in the escrow account. It's a shame that it took an order from SAT to direct SEBI to return the frozen amount to the partners. And guess who proposed this return of the amount??? GROWPITAL! For a regulatory agency which claims to be "protector of investors' interest", SEBI has been doing just the opposite till now. They handle companies to the tune of Lakhs of crores of market capitalisation and here they are unable to prove with documentary evidence that a small company like Growpital is CIS or not.

[@Anione111]

Such as? Pls suggest few options.

[@vishaalbhatnagar3924]

I registered and had nearly invested in a Growpital scheme.

[@Goofy_q]

Very informative. Thank you so much

[@MoneylifeNewsBites]

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[@muralitvtv4105]

Mam thanks. You have saved so many people. God bless you.

[@MoneylifeNewsBites]

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[@tusharpotdar5762]

My friendly free advice to Growpital, -"give some donation, and buy a peace of mind" 😂 if adani matter could be settle down, than any matter could be resolve and settled. Have a faith I "M"

[@Putcal7i]

I just have to applaud your content man, well done. I remember having a consultation with a trade analyst last August, and it was incredibly insightful, at least $50k---$1M profits. Can’t stress enough how helpful experts in this field are!

[@Putcal7i]

karen sonia understanding of market indicators is impressive. She knows exactly when to enter and exit trades for maximum profit. her siignals are top notch

[@Putcal7i]

she's mostly on Telegrams, using the user name

[@Putcal7i]

Sonitrade01 That's???? her username. ...

[@Putcal7i]

ABOVE IS HER USER NAME

[@faithful-x1v]

How!!?? I know it's possible,my sister always get 40k every week, i would appreciate if you show me how to go about it.

[@labonisingh6459]

Great exposure 👍🙏

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[@johnwisdom651]

The large Agtech startups in business currently are also running with huge losses. They are actually new age Agri-input distributorships and Agri-commodity trading setups with a so called "digital platform" at its front end or back end.

[@tusharpatil3358]

Only option left for Growpital to come out is by purchasing Electrol bonds😂😂😂

[@mari3489]

I believe the group is still operating in Central Africa.

[@kishtube3008]

Ponzi? Then why is the founder fighting to return money to investors? Why does SAT even exist then and trail is going on?

[@adityapatra9183]

Absolutely!!! People now a days especially journalists who want nothing else but masala to gain trp always jump to conclusions. There's no documentary evidence that Growpital is CIS. There's no documentary evidence that there has been any kind of fraud but people are already claiming it to be a fraud or Ponzi scheme....sad.

[@xcel5203]

Not a Ponzi scheme ; but using the LLP structure with fine-print clauses the founder has tried to defraud the investors intentionally. Put bluntly it was always a scheme to cheat people from the outset . Now that he has been caught he wants to retrieve whatever he can without the burden of being labelled a crook and sent to prison .

[@Abhijitjitu]

Madam, people do due diligence as per their knowledge. KZbin was filled with videos of success sharing stories. I only came to know about CIS after SEBI'S interim order. Growpital was recognised by the State Government and NGOs. I invested after I was 100 percent confirmed that this business was genuine. I have invested almost 8 years of my life's hard earned savings. Please, you seemed like a very popular person with high contacts. My humble request to you is to bring this situation to the notice of some influential person who could possibly help us all. I'm in great trouble and by this video, you already helped us indirectly but I want your direct intervention. Please again, don't ignore.

[@stutiveda4550]

Very good info & analysis

[@MoneylifeNewsBites]

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[@agnelopereira5856]

Thank You madam.

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[@ukuk179]

Should SEBI approve prospectus like a requirements in US & West?

[@ukuk179]

Consumer Duty of care is not a key SEBI objectives & deliverabble

[@adityapatra9183]

It actually is.....read the preamble of SEBI act

[@ukuk179]

@@adityapatra9183 Is it enforced, complainrs data collected & reported? Firms named & sharmed?

[@RohiShetty]

Teak.... 🙂

[@rendlavenugopal1322]

Madam please do video recent sebi board meeting outcomes.

[@sumitevs]

Thank you for reporting this

[@MoneylifeNewsBites]

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[@abbakabb]

Thx Mam for covering this Scam and voicing investors concern

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[@lalitkumarpawar6266]

Thank you madam, For being extremely handy source of awareness Especially in country like ours, scams like this should be out in light for investors and farmers especially , because farmers as it have a lot to loose than investors Thank you once again !

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[@krishnkantsen6627]

Thank you so much ma'am 💓 for

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[@theonlytruelight4341]

SEBI only profits Mr Adani 😂😊

[@nrvsolanki]

Thank you for touching this topic.

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[@aloknayak29]

Why SEBI is not taking this seriously and timely? Because the sum of pooled money involved here in this growpital scam i.e 184 Cr is less than the net worth of Buch family from SEBI.

[@44mahendrasharma]

This is even less than just Madhabi Puri Buch's net worth excluding her family

[@sureshlalwani410]

Thank you ma'am

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[@ramveerrana5814]

Please show founders view also

[@Sundip.sharma.11]

I feel it's not only the responsibility of regulatory authoritiy's to control such recurrence of scams but also the common people who need to control their greed and be well informed before investing their hard earned money in safe investment. If at all they don't understand the nitty gritty of investing then there are many ways to follow for safety of investments.

[@bm8292]

Thanks Madam

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[@vijaypurohit8073]

Thanks 😊

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[@ramakrishnanranganathan6830]

Dear Sucheta , Thanks for the yeoman service you render. Can you please do an episode on the Lavasa insolvency situation where the previously announced winner, Darwin Infrastructure have now defaulted and the matter is back into the NCLT process. This after around 4 years and crores of fees being spent on the insolvency process. I remember you had done an episode where you have raised questions on Drawin's credibility which to me was suspect from Day 1. Thank you again for your efforts.

[@johnsonp4572]

I am still holding a certificate of one unit from such a company, golden forest. I think the maturity date is also over long back. As I was getting no reply (about 25 years back), I forgot, taking it as lost money.

[@ratanbhattacharjee7233]

As a return for immunity from criminal charges SEBI officials have to share cut money.

[@MBADM]

Thank you mam

[@MoneylifeNewsBites]

Most welcome 😊

[@santoshlml]

Hello Madam Very nice video. Are investors going to get back their money? Is there a possibility of completely losing the money?

[@44mahendrasharma]

SEBI officials have illegitimate ties with the bank in which the money is frozen. Thats why they are taking too long. I am sure someone from Madhabi Puri Buch's family is employed by the bank as an consultant just like Dhaval Buch and getting paid huge salary or consultant fees.

[@chotaniraju]

Well explined. But seems our regulators are sleeping😢

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[@AnkitGupta007]

I’m one of those who lost money, 😢

[@SbRaja-lw8gy]

Asm gsm esm norms are screwed by sleeping exchange board to punish retailer's

[@rkpandey7447]

See in padat also asma finance plantation scheme , all regulatory orders but still investors not received there money, it a mith once money stuck it cannot be recovered...se indian history financial

[@jacobthomas6504]

Dont understand how SEBI is responsible for this? Also where from they should fund this?

[@smart1963]

I differ from your points on this subject entirely. Knowing so many lost their lifetime savings in such schemes already, why invest blindly?. Greedy is the only reason. No regulatory bodies can protect such greedy people from any such disasters. May be those who invested haven't earned the money legitimately. It's only greedy or illegitimate money. Nothing wrong in losing money in such cases. Don't blame the Government or SEBI. They have issued warning ample times.

[@ADMIN-Aditi-r5p]

Thanks for the comment & watching! He's always active on telegam.

[@ADMIN-Aditi-r5p]

MoneylifeNewsBites11 That's his name..

[@ADMIN-Aditi-r5p]

@MoneylifeNewsBites11 That's his name..

[@Abhijitjitu]

Too easy for you to say that because you are not in their position. But, don't assume and jump to any conclusion without knowing the fundamentals.

[@ngalagn]

It's sebi unfair practices of blocking investor money in name of security.. sebi shall be fined and investor shall get principal + interest.. as there is no meaning for blocking money for 8 months.. Sebi himself is not clear for quick resolution.. rather taking undue advantage of freezing investor money.. Sucheta ji.. need your help for refund Of investor money

[@arvindynr]

my 65k stuck in growpital.

[@Anione111]

You missed mentioning that reputed financial advisories also recommended Growpital to its customers. Lay person/investor isn't capable of doing the kind of in depth verification that you suggest, but what's the excuse of such advisory firms?!

[@SuchetaMoneylife]

I have no evidence of 'reputed' financial advisories recommending Growpital. But if you or anyone you know is a victim, then please file a complaint against them with SEBI on SCORES, the online complaint service. But if by 'reputed' you mean fin-influencers who do paid promotions and paid interviews, then I have certainly mentioned them and people ought not to follow them. When SEBI has a tough registration process with accountability, investors must seek the right advisors.

[@tusharpotdar5762]

Wow SEBI is still alive, working condition😂 I thought it's gone to deep sleep meditation mode / coma 😂 especially after adani and madhabi saga.

[@babypaul001]

Even I was wondering how they were able to induct so many partners. Theoretically it is possible to add n number of partners, but practically above 100 is cesspool. All thanks to the buggy software.😀

[@shekharpaul966]

SAHARA scam main 30 krode Indians ka paisa doob Gaya …. Aur koi iska reporting tak nahi karta !! 😂😂😢😢

[@jiteshwarprasadgupta3235]

Realm of Ponzi,Agro Taxfree 60-70% margin,rosy,unreal proposition really,not workable on ground.Optionless, Freeze, Disgorge,max retriev,prompt distribute ,is correct way out of this dubious setup.

[@SbRaja-lw8gy]

Varanium cloud

[@ashokshukla1690]

In Fraud group there is only loot & scoot & enjoy acche din facilitated by SEBI, corrupt & fraud madhabi.

[@tusharmisal9981]

Please help yp get investors money back 😢

[@ashishkedia4637]

Rituraj Sharma is a fraudster who looted people's money. He should face consequences and investor money should be returned.

[@user-iu1mr2mv4f]

as long as greedy and silly so called investors r there.......such chorwads will always thrive. Sucheta I would request u an episode on Reliance housing finance ponzi fraud by junior Chorwad....anil. its amazing why silly investors do not understand n loss money to such parasites. y blame the chorwads.....

[@raghukodagali]

Shukla mishra...i can hear only brahmin names...😅😅😅Rahul gandhi is correct.

[@skgakoli]

U r in civilised sociery where govt is not resposible for anything 😮😮

[@husainjam]

The government used to be responsible only till a particular year. After that year, any scam is the mistake of the people themselves.

[@vish3118]

Madam sorry, with due respect this video is just a summed up tick mark attempt with no relevance to Investors nor the caption itself. Dislike.

[@shlokdave6360]

The one thing which I didnt understand in this entire sordid affair- how did Growpital forget to pay off Mrs Buch and/or contribute to nation building via electoral bonds? The promoters of Growpital may or may not be frauds, but they are clearly highly incompetent. When there is a single window clearance available for such cases, what were they doing? Rank amateurs, I tell you...

[@sk-xy9wh]

Sebi favors only Adani.. others not allowed to do business...

[@amithbanger5959]

SEBI is looking at keeping those funds for themselves especially under the current SEBI chief...NEVER IN THE HISTORY OF INDIA , HAVE FUNDS BEEN RETURNED TO THE INVESTORS. WE ARE NOT A NATION BOUND BY HONESTY AND CERTAINLY NOT THE GOVT OR ADMINISTRATION

[@arindamy]

Investors lost money and she is does not say what would happen to the blocked funds? Or when would these blocked funds be returned.