@NDTVProfitIndia@MobiKwik@MobiKwikSWAT@lendboxin 90% repaid is false claim by them no proof given all the investors are in loss of 30% average capital loss and we are not even counting the interest promised to us in this just the capital itself .
@Intellectualins All @mobiwik investors are in average loss of 30% their 90% amount repaid is false no proofs given by them , investors are not being provided any borrower details according to the rbi guidlines .
Troubles continue for MobiKwik Xtra, the P2P lending product launched in partnership with Lendbox, with issues around the platform far from over.
#MobiKwik#Lendbox#Fintech#Xtra
https://t.co/6I2L61c2wR
Again a Blatant lie by @MobiKwik and @lendboxin that 90% of the xtra investors money has been given. Complete jhut. We already have the data that average 30% of the amount of money has been stuck on the site. 👇
https://t.co/jLzXIigZRE
We have verified 800+ Investors whose life savings have been stuck by you fraudsters. Every other P2P nbfc gave investors money back with interest whether its Cred or 12% club - lendenclub. But you abruptly blocked every investors amount without even giving them time frame to withdraw their money back. What kind of guidelines are you talking about? Does @RBI gave you that order to block investors money without informing them? No, RBI never said that even RBI never allowed anytime withdrawal - no lockin period, no secondary market sale, this product to be marketed as investment option alternative of FDs is itself a biggest crime to cheat the middle class - poor investors. You rascals @BipinSingh@UpasanaTaku thought that "Ye middle class log kya hi karlege, kon sunega inki. System ko pese se kharidlenge". But ab dekhte jao or 500+ FIR ke liye.
Below sharing the proofs of how mobikwik miss selled and frauded thousands of Investors hard earned money
@MobiKwik@rajasthanroyals False claims on your latest post lenders are not paid even close to 90% all lenders are in lost of atleast 30% average of the capital amount invested in mobiwik xtra and your not being transparent with borrower details as well and @mobiwik wrongfully promoted the product
@idesibanda 100% of the investors are in loss they scammed everyone they cant even provide borrower details 0 transparency and got fined by @RBI as well #mobiwikscam#lendboxscam
Thanks @DeccanHerald for finally covering the biggest open scam around Mobikwik Xtra Lendbox investors.
When most major media houses stayed silent on this @MobiKwik@lendboxin transactree pvt ltd, you chose to report what thousands of ordinary retail investors have been facing for months.
In a country where press freedom rankings continue to fall to 157th, independent reporting on corporate-financial issues still matters.
Our issue is simple:
• We were shown ads promising: — “Withdraw Anytime”
— “No Lock-in Period”
— “Daily Interest”
— “Better than FD returns”
— up to 12%-14% p.a.
• Mobikwik heavily marketed Xtra across: — app banners
— push notifications
— Instagram, twitter, Facebook ads(below will provide each and every ss)
• Money was routed into Lendbox/Transactree’s NBFC-P2P structure.
And Ind the name of RBI’s August 2024 P2P changes this biggest fraud happened lead by @BipinSingh :
-Withdrawals suddenly stopped
-Funds got locked for years
-Repayment schedules started failing
-Borrower transparency disappeare
-Investors were denied loan/KYC level data which is a mandate of the @RBI for NBFC master direction
What @MobiKwik
and @lendboxin did was
—Blocked funds completely even after advertising as "Anytime withdrawal" "No lock in" "Zero questions asked"
— False NPA tagging and no fixed recovery timeline
We launched a public issue-tracking website
https://t.co/jLzXIigZRE
, collected investor evidence, filed cyber complaints, consumer complaints, legal notices, and multiple investors have now approached police authorities.
Now FIRs under IT Act/BNS provisions have been registered in Bengaluru against entities connected to the issue. And many from Delhi, Mumbai and other cities are on its way.
Their are jaw dropping figures against @MobiKwik Xtra
• 800+ affected investors are there in our WhatsApp group
• More than 10crore reportedly blocked
• Average outstanding is 30%
Questions to @RBI@RBIsays@FinMinIndia@DFS_India@SEBI_India@IEPFAuthority@PMOIndia@narendramodi@mygovindia@PIB_India@Cyberdost@DelhiPolice@BlrCityPolice@MumbaiPolice@CPDelhi@jagograhakjago@nch1915@DARPG_GoI
If a product was aggressively sold as liquid & flexible, Anytime withdrawal no lock in period (RBI Regulated) by a company who is listed by @SEBI_India also, how were ordinary retail users suddenly trapped in multi-year repayment uncertainty overnight?
#Mobikwik #Lendbox #Xtra #MobikwikXtra #IndianScam #Scam #Fraud
@RBI cibil report of borrowers still not shared , i wasnt allowed to select borrowers was promised fixed returns and anytime withdraw. 100% of their investors are in loss no other p2p did this except for mobiwik . None of the investor got their principal amount back till now .
@RBI stop giving @BipinSingh@MobiKwik liscene's they have already frauded and scammed customer of rs 7000 crore take strict action against them 40 lakhs fine is not enough take a look in mobiwik xtra p2p scheme they promoted the product under false promises and scammed investors