A man named Mudit Agarwal lost his wife, Rani Agarwal, to suicide on the night of Diwali.
During the postmortem, doctors handed over her gold chains, rings, lockets and 10 bangles to the police.
Soon after, Mudit was arrested in a dowry death case.
17 years later, the court acquitted him after finding no evidence against him.
He then asked the police to return the jewellery.
The police's written reply was unbelievable:
• The jewellery was kept on the terrace to dry. • Rain "destroyed" the gold jewellery. • Whatever remained was taken away by monkeys.
The court questioned the police:
"Why was jewellery kept on a terrace?
And how can rain destroy gold?"
The court concluded that police officials had misappropriated the jewellery and made false entries in official records.
Yet, even today, Mudit has neither received the jewellery nor any compensation.
PerAnnum - Lendbox - MobiKwik & RBI's secret conspiratorial relationship for dishonest manipulative purposes to fool middle class investors.
The ongoing crisis of MobiKwik Xtra investors who put their money in the product partnered with Lendbox is a complete betrayal of ordinary Indians. Thousands of retail investors have already lost around 30% of their hard-earned principal. Some are senior citizens who parked their entire life savings in MobiKwik Xtra expecting safety and returns. Many students had saved for higher education. Several middle-class families had plans to buy homes or secure their future. All of that is now in ruins because of this ongoing scam.
PerAnnum, an entity of Lendbox, continues to openly claim 100% success rate and ₹10,000 Cr AUM while pushing P2P lending and other products. This is the same Lendbox that was deeply tied to MobiKwik Xtra.
They are claiming RBI’s regulatory changes of 16 august 2024 but these directions were in place from 2017 RBI guidelines, still they are operating openely under RBI's hood, investors are facing blocked funds, delayed or partial withdrawals, and real losses. The pain is visible — old people struggling to survive, students’ dreams shattered, and middle-class investors watching their home plans collapse.
Here's the link to Rbi master direction 2017: https://t.co/twZaNwFA6B
RBI itself has confirmed that the entire P2P lending sector’s AUM has crashed sharply from around ₹10,000 Cr to just ₹3,000 Cr after its own actions. Here is the clear report: https://t.co/KJn4LdHl8t
Yet PerAnnum keeps marketing up to 15% returns in its P2P Edge product and 40-50% returns in Estates by PerAnnum. RBI has repeatedly clarified that P2P lending must not be treated as an investment product and no returns can be assured or guaranteed. Credit enhancement, buffers that promise “no loss to lender”, and fixed return pitches are all prohibited. Still, these claims are being made openly.
This is high-level misleading marketing designed to fool retail investors. They are selling dream returns while the ground reality is defaults, illiquidity, and stuck money. The same group was fined ₹40 lakh by RBI earlier for violations, yet the misleading pitches continue under the banner of being “RBI regulated”.
Here's the link : https://t.co/oY5TK6vIZq
The full detailed investigation into this risky regulatory dance is here: https://t.co/bMM4VyMoyI
Who exactly is sitting inside RBI and allowing this open looting of common people’s money? These so-called regulators are no less than white-collar terrorists who have destroyed the financial lives of thousands of Indians — senior citizens, students, and middle-class families — while the perpetrators keep operating with bold claims of high AUM and guaranteed success rates. This is not regulation. This is failure at the highest level that has enabled daylight robbery under the garb of licensed platforms.
The suffering is real. The losses are real. The misleading claims are still happening. RBI and the Ministry of Finance cannot keep looking the other way while ordinary citizens lose their life savings in products that were never supposed to promise assured returns in the first place.
Where is the accountability @RBI@RBIsays@FinMinIndia@nsitharaman@nsitharamanoffc ??
This is how victims' voices are silenced. We investors lost over ₹13 crore in the @MobiKwik Extra scam. When we raised our voices, MobiKwik and @lendboxin shut down the website. The @GovernmentIndia must shut down the @RBI if it cannot act against such fraudulent companies.
“Earn 12–14% with anytime withdrawal.”
That’s how @MobiKwik Xtra was sold.
Not as a risky credit product.
But as a superior FD alternative.
This wasn’t clever marketing.
This was misleading positioning.
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🚨 URGENT APPEAL TO ALL INVESTORS 🚨
Our money has been stuck in @MobiKwik Xtra & @Lendboxin for 1.5 years. It’s time to unite and demand our principal back!
🗓 DATE: TODAY, Sunday 11 Jan
⏰ TIME: 11:00 AM - 11:40 AM
We need everyone active.
@NDTVProfitIndia FraudKwik is still publishing fake news that 90% of the amount has been paid. None of the investors received 75% of the their respective investment.
The fraud company @MobiKwik should be banned immediately and the CEO @BipinSingh should be behind the bar. @PoliceBangalore
Been struggling to withdraw my money from MobiKwik XTRA (Lendbox P2P) for months.
What was marketed as “easy & flexible investing” has turned into funds being stuck with no clear timelines.
So we built something 👇
👉 https://t.co/4YfBLUKBTS
🧵 MobiKwik Xtra Investor Grievance
Many investors in MobiKwik Xtra have not received even their principal back. Repayment deadlines have passed, yet funds remain unpaid, causing serious concern for retail investors.
@MobiKwik@MobiKwikSWAT
🚨 THE P2P TRAP EXPOSED 🚨
How @MobiKwik & @LendboxIndia are holding thousands of innocent investors hostage:
1️⃣ The Promise: MobiKwik Xtra promised a ‘Flexi Plan’ with high returns and EASY withdrawals.
2️⃣ The Reality: Now funds are frozen indefinitely.
MobiKwik claims they are just a distributor and blames Lendbox. Lendbox uses the excuse of non-paying debtors. Neither is taking responsibility!
Thousands of small investors have crores of rupees stuck. "Flexi" has turned into a nightmare of "Blocked" funds. Where is the transparency?
@RBI@FinMinIndia@ConsumerCourtIn@ispreet_singh@sudhirchaudhary@ravishndtv
Return the public's money! Stop the excuses.
#MobiKwikScam #LendboxFraud #P2PLendingTrap #ReleaseOurFunds #InvestorJustice #AlertIndia #DigitalLoot