ARS BOND
Non receipt of the maturity amount

Hi,

I had been processing the ARS bond of my son S.Deepak (Investor ID: 231661743, Bond No: 50576141) for the past six months. Earlier they had sent the cheque to a the address where we were staying in the past. We confirmed that the cheque was not accepted by the current tenant at out previous address. Subsequetly we had been in touch with the Coimbatore branch and had sent our new address as well as notary signed certificate details.

Apart from this we have not received two dividends for which we have filled in the necessary forms to get the same resent. We have sent the signed forms on 13th July 09 and have been following up with no result.

When we followed about the payment three weeks back, we were informed that we would get the payment in 20 working days and all the paperwork has been completed for the release of the maturity amount.

Today when we called up the Coimbatore office today, they still are asking about the earlier address and disconnected the phone before we could complete the conversation. When we contacted the Branch Manager Mr. C. Kasi on 09486793464 and spoke about the concern, he also disconnected the phone.

This is totally unacceptable behaviour toward the public who have trusted and invested their hard earned money. This is certainly not the way to treat the investors.

I hereby want to take suitable action on people who have not responded in the right way and ensure the maturity amount reaches at the earliest. I am hereby confirming my current communication address as below:

S.S. Sreedhar

F/o S. Deepak

104, Sai Sowparnika Apartments,

Prashanth Extension, Whitefiled Road,

Bangalore - 560066.

Phone: 080 28455220, Mobile: 9900695375 / 9008088442

Regards,

Sreedhar Srinivasan

Company: ARS BOND
Country: India

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