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The Credforce default saga – Counting the human cost

News Desk, News Nation 360: The Credforce Asia Ltd’s default saga has now continued for thirty-three months. These investors have lost their lives waiting for their monies to come back, Mr Jatinder Rai Chibber, who had an investment of Rs 45 lakhs, passed away in 2021, Mr Prithpal Singh Vasudev, who had an investment of Rs 10 Lakhs, passed away in 2021, Mrs Minoti Chatterjee, a school principal in Delhi, passed away in 2022, Mr Gopal Narain Saxena, former director of IFFCO, passed away in 2021, Mrs Alka Saxena passed away in April 2021. Apart from the above names there are some investors suffering from ailments and are cash strapped to pay for their treatment, To name a few Mr Ram Chander Grover, is suffering from acute diabetes and has had three stents put in his heart, Mr Suresh Kumar Chaddha is suffering from prostate cancer and undergoing treatment for the last six months, Mr Anil Gupta, he is undergoing dialysis and is suffering from various heart issues, Mr Mark Manuel, son of Mrs Christine Manuel, is undergoing a Bone Marrow Transplant in Vellore, Mr Apurba Majumder, is suffering from various heart-related ailments and this issue has caused him severe anxiety leading to health issues. The Husband Wife 90% shareholding Promoter Duo of  Credforce Asia Ltd namely Rajiv Gupta a Wharton Alumni and Geetika Gupta a Sr Employee of Accenture have siphoned crores to the USA and left investors in a lurch most of them helpless senior citizens like me a 75yr old widowed, retired school principal. We need justice from the government that they should make arrangements to deport the Gupta's and make them face the legal consequences in India and not make a mockery of the judiciary and police system by taking advantage of being in the USA. We also hope Accenture reviews its Corporate Governance policy for having such a fraudster in its ranks. Kishwar Majid. Over 80% of the investors are over the age of sixty and have invested their life’s savings in the company. They were dependent on the cash flow from their investments to sustain their lives. Sanjeeva Shukla is under arrest in Tihar Jail and will be soon moved to Kolkata and remanded in the custody of Kolkata Police. He will be arriving on 13th October from Delhi. Rajiv Gupta and his wife Geetika Gupta have bought a palatial house with the proceeds of the crime and are living a comfortable and luxurious life in Austin, Texas, USA. According to Veena Rohatgi, age 76, Credforce showed us a very rosy picture with their concocted financials and then defrauded me of my life's savings. They have made my survival, hand to mouth.

Report : Anustup Kundu

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