Arjunlal Sunderdas Banker Ponzi Scheme Chennai

22nd of August, 2017                                       BY SPEED POST


The Superintendent of Police
Economic Offence Wing
CB CID Head Quarters,
 Tamilnadu Police,
Thiruvika Industrial Estate,
Old Corporate Bldgs,
CIDCO,  GUINDY,
CHENNAI- 600 032


Sub:  Further Information in respect of FIR No. 6 of 2017 against Arjunlal      Sunder Das.


Sir,

With reference to FIR No. 6 of 2017 registered by CB CID Economic Offence Wing-II, Guindy, (Copy enclosed) I wish to furnish further information to your good self to facilitate indepth investigation into the complaint:-

1.    The above mentioned FIR was registered by your department on the Instructions of Honble High court of Madras and the complainant is the Official Assignee, a Gazetted Officer, Madras High Court against one Mr. Arjunlal Sunder Das of Chennai.
2.    I am one of the Committee members of Committee of Inspection appointed by the Honb’le Madras high Court by its order dated 18.12.2015 in application No. 340/2015.
3.    Mr. Arjunlal Sunder Das, in collusion with his brother S.M. Lal, his wife Maya Arjunlal, his son Sunil Manyal alias Sunil Arjunlal, his auditor P. Ranga Ramanujam and some of his friends and relatives have cheated nearly 200 people consisting of a wide spectrum of society including Mr. Ram Jethmalani, former Law Minister of India, and the total amount of cheating goes to above Rs.160 Crores.
4.    Mr. Arjunlal Sunder Das in collusion with above named persons hatched a conspiracy to collect monies from the public  on various promises namely :-




(a)  He will double the money in 35 Months.
(b) He will  give  a flat of 5000 sq feet in his would be residential complex at D. No. 33 and 34 College Road, Nungambakkam,
(c)  He will give a fully developed Farm House of 1 Acre at Sriperambdur,
(d) He will allot 1 Acre prime land in Bangalore etc etc.

5.    A report to this effect appeared in Times of India dated January 4 and 5 2014 on a complaint filed by Shri Ram Jethmalani ( Copy enclosed ).

Role of Amarnath Reddy

Arjunlal Sunder Das committed fkats to various investors including me a flat of 5000 sq ft in his would be residential complex to be built at D No. 33 and 34 college Road but cunningly he sold the Property situated at D. No. 34 College Road comprising of about 8 Ground in Rs.35 Crores to Amarnath Reddy in 2012. After the sale was completed Mr. Arjunlal Sunder Das gave an amount of Rs.5.75 Crores to Amarnath Reddy by Cheques as per details given in Annexure 2 of this letter.
During the Cross Examination, Arjunlal Sunder Das failed to give reasonable explanation about the purpose of having given a huge amount of Rs.5.75 Crores to the buyer of his property and that too when the entire process of sale of property was over. Arjunlal Sunder Das has not even shown P. Amarnath Reddy as one of the Debtors in his list of Sundry Debtors. This aspect has to be thoroughly investigated.

Role pf P. Ranga Ramanujam, Auditor.

Mr. P. Ranga Ramanujam was the official Auditor of Arjunlal Sunder Das. He is sitaued at No. 15, Habibullah Road, T. Nagar, Chennai-17. Arjunlal Sunder Das paid an amount of Rs.40 Lacs to Ranga Ramanujam as Loan as per details given in Annexure to this letter. Neither Mr. Ramanujam has returned that amount to the official Assignee nor is his name appearing in the list of Debtors. During the Cross Examination, Arjunlal confessed that this amount is due from Ramanujam to him.

Mr. Ranga Ramanujam also introduced some of his friends and clients to Arjunlal Sunder Das and Arjunlal gave lot of loans to them which loan has not been returned till date. Mr. Arjunlal and Ramanujam have failed to provide the complete addresses of those Debtors with the result that a huge amount is still locked with them. This seems to be clearly chalked out conspiracy between Arjunlal  and his auditor P. Ranga Ramanujam. 






Role of his Son Sunil Manyal  @  Sunil Lal
]
Mr. Sunil Lal son of Arjunlal is living in Vancouvar, Canada. By going thorugh the Bank Statements of Arjunlal, we have found out that Arjunlal has made payments of Rs.1.09 Crores to Sunil Lal by Cheques. The details of this payments are given in the Annexure attached to this letter.  Arjunlal Could not provide any plausible answer to the reason of making this huge payment to his son without any rhyme or reason. It is also possible that Arjunlal might have further payments to Sunil Lal which can be verified only by obtaining the Bank Statement of Sunil Lal from Indian Bank, Ethiraj Sali. The Address of Sunil Lal is given below:-

Mr. Sunil Manyal,    Son of Arjunlal Sunder Das,
C/O Arete Techmologies,  1021, West Hesting Street,
9th Floor, VANCOUVER, BC VGEOC 3, CANADA.
Mob: 00160 46 165859

There are rumours in the market that in fact, Arjunlal had sold his property of 8 Grounds situated at 34 College Road in 85 Crores of rupees and he had received Rs.50 Crores in cash which he transferred to his in Canada. A scrutiny of Sunils Bank Statements of Indian Bank, Chennai and his bank statements of Canada Bank will reveal the truth in entirety. This aspect has to be thoroughly investigated.

Role of his Brother S.M. Lal

Arjunlal has made payments of more than Rs.18 Crores to his brother S.M. Lal the statement of which is enclosed. The Copy of Bank statement of Arjunlal is also enclosed evidencing such payments to his brother S.M. Lal . Arjunlal has failed to give any plausible answer to the need making such huge payments to his brother, manya times in Cash in Crores. A custodial interrogation of S.M. Lal and Arjunlal will only reveal the truth. Me. S.M. Lal is absconding for the last 3 years but his where about is known to Arjunlal and his nephew Mr. Dinesh Bajaj who is staying in Chennai. ( Mob. 99400 28432 )  This aspect has to be thoroughly investigated.

Role of his wife Maya Arjunlal.

Maya’s role is interesting. All along, Arjunlal has maintained that his wife is a house wife and she has no role in his busi9ness dealings. But the Bank Statements of Maya Arjunlal (Enclosed) reveals transaction of crores of rupees. This aspect has to be thoroughly investigated.



Role of other friends and relatives of Arjunlal

In addition to above, Mr. Arjunlal also advanced Crores of Rupees to his friends and relatives and others whose list is enclosed. In addition to this, during the Cross Examination, many other names and figures were divulged whome crores of rrupees have been loaned by Arjunlal. However, Arjunlal chose not to give the required information so that he could strike a secret deal with them. This aspect is also covered in the above said FIR. An in-depth study of the Cross Examination is required to study the entire modus operandi of Arjunlal. The list containing the names and amount is enclosed.

Role of Dinesh Bajaj – nephew of Arjunlal.

Dinesh Bajaj is closely related to Arjunlal and his family. He is staying in Chennai at the following address:-

Dinesh D. Bajaj,   Flat No. 8181, TVH Lumbini Square,
127-A, Bricklin Road, Puraswalkam, Chennai 600 007.
Mob:  99400 28432 / 98410 28432

All the secret documents and information are being taken care of by Dinesh Bajaj. He is also providing logistics and other legal help to Arjunlal and all other family  members.

All the information required by CB CID are available with him and only with him. And, of course with Arjunlal also.

Complaint of one Dr. M. Arumugam, No.7, Khader Nawaz Khan Road, Chennai-600 006.
Dr. M. Arumugam of Khader Nawaz Khan Road, preferred a complaint with the Commissioner of Police on 10th Septrember 2013 alleging that he gave an amount of Rs.7 Crores to Arjunlal Sunder Das against his Property situated at 23 Anderson Road, Nungambakkam, Chennai -6. The amount of Rs.7 Crore was paid in Cash.  A copy of his complaint is enclosed.  What happened to that 7 Crores  has to be thoroughly investigated.




PRAYER

The sole purpose of providing above information is to expose this family of Arjunlal Sunder Das who are enjoying on stolen and cheated money with impunity. In case, the         
S.P Sir feels that such a massive fraud cannot be investigated by one inspector, we shall request that a Special Investigation Team may please be constituted comprising of chosen officers of proven integrity and expertise to unearth this massive fraud and do justice with hundreds of people who have lost their entire life’s savings.

Sir, this is another SAHARA case in miniature.

In case, you need any other information in this regard, I shall be too pleased to co-operate with the investigation.

Regards,




B S Suman Aggarwal
MoB: 98400 82901



Encl: Enclosures as mentioned above. 

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