Hello,
I have invested in Verisign inventures, Malad since last July under mutual agreement that they would pay returns@ 10% every month. But from 26th Feb they have not deposited any return so tried contacting them. It looks like they have changed all their numbers, office staff not attending client calls. The contact persons were Urmi and Joshi (Accountant). On 1st March when I called on Joshi's number, Urmi said they were auditing was going on and hence they would credit on 8th March. Since they did not credit on 8th March, again called up office. Some office boy said staff is busy in meeting with clients in the ofice and cannot talk to me. I told him, I was also a client, and his reply was that the clients in the office were more important than me.
I heard (not verisign) they had called clients who had invested big amounts to their office, organised meeting of big clients (only 10-15 of them) with Directors and pacified them by saying that they would credit double interest into their accounts in the first week of April. The reason given to them was that because of market losses, the delay. But yesterday I heard (not verisign) they are winding up their business. Very well planned! What if they leave the country? As someone from Verisign officde also said they were into expansion plans in Dubai.
What about other investors? Why were all not called for their meeting? When I invested, Urmi had said they had 5000 investors on their record. Why are the other investors not complaining or taking action. Or if they are, what should I also do now?
So, whatever action has to be taken, is to be done very very fast. Please advice. urgently. I am a hypertension patient and my pressure is rising worrying everyday.
MG
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