Group of Yes Bank AT1 Retail Bond Holders/Shareholders have joined together to initiate process of recovery,damage & compensation through legal avenues.
https://t.co/69TEwj2XQb RK & His Team was solely responsible for misselling of AT1Bonds. Still Retail Buyers have not initiated any criminal case against RK. Waiting for someone else to fight their case in courts & on twitter! How will AT1 Bond holders recover their money??
Fight for recovery of money in AT1 Bonds can not be won on Twitter! Those who siphoned away the money through AT1 Bonds had nothing to do with the Govt, RBI or MoF. Those who bought AT1 Bonds were misled by Yes Bank Executives. Rules of Investment were laid down. None read rules
Fight for recovery of money in AT1 Bonds can not be won on Twitter! Those who siphoned away the money through AT1 Bonds had nothing to do with the Govt, RBI or MoF. Those who bought AT1 Bonds were misled by Yes Bank Executives. Rules of Investment were laid down. None read rules
@narendramodi@BrigMahalingam@IamMisterBond@FinMinIndia
When we say we were scammed by yesbank .. we mean it. Most of the people who were sold such bonds were first time securities buyers and were mislead. It's really worried when authorities close their eyes to truth.
But against that advices they have gone against RBI/GoI which is not going to serve the purpose of recovery. Fate of AT1 Bond Investors shall be similar to Jet, Kingfisher, ILFS, DHFL, PMC Bank etc.
Pls understand Middle Class Hardworking & Tax Paying are Neither Vote Bank Nor Note Bank. Who cares for them? Its the promoter of the Bank who fraudulently siphoned away the money not the RBI/GoI? Some of the ATI Bond Investors were told to take a different path but they chose..
Pls understand Middle Class Hardworking & Tax Paying are Neither Vote Bank Nor Note Bank. Who cares for them? Its the promoter of the Bank who fraudulently siphoned away the money not the RBI/GoI? Some of the ATI Bond Investors were told to take a different path but they chose..
Mr Modi u r also a senior citizen then in ur rajya why this category should suffer. It is ur duty to take care of such people who are dependent on their savings only. Hoping you will liisten to them
Y don't Bondholders read & analyse Axis Petition filed with Bombay High Court seeking relief only for majority shareholders? Case of retail bondholders is different & they would need a different relief other than majority investors.
There is a clear cut case of fraudulent inducement, mis-selling & mis-representation by erstwhile Management, Directors & employees of Yes Bank. Without a legal suit seeking relief, recovery & compensation/damages, Individual Retail Bond holders will not succeed.
@YBAT1Retail Retail investors must come under a legal umbrella and fight their own case. This will help the authorities and courts to wake up and order reversal of YB decision of writing off AT-1 bonds. Our future is brighter the laws of country will catch up..and punish the guilty..
YB had 3 options in case CET-1 is below required level:converting bonds into equity, temporary write down and permanently writing off-YB opted for the extreme option-which is unfair, unjust and blatant misuse of power as these bonds were sold on the fudged financials to investors
Its becoz, in India, these institutions & their executives can take investors for a Grand Ride with No Severe Consequences as Investors don't want to punish the crooks! Had they done it in US, they would have been jailed by now & profits disgorged from them!
@NilopamS @SumairaAbidi @FTIIndia I am an investor through #citibank in #FranklinTempleton fund. I honestly feel cheated safety was always a concern that’s why we chose brand names, but liquidity is the key concern when we chose bond funds it’s about liquidity that’s all!!Otherwise equities funds are always there
@YBAT1Retail This is how Tax Payers money was looted away by Crooks. And None wants to catch hold of these crooks as investors themselves didn't ask any questions as to why some one will give an additional 2% more than an FD. Loot of Banks has been happening for decades!
Deliberate mis-selling & mis-representation has become a norm, becoz those who do this & those who allow never become liable for such fraudulent acts. They are never brought to book by any one. Supply of new gullible investors is never ending. CEO's & Fund Mgrs r liable?
Bond Market OR Trust on MF's and Fund Managers who allowed this to happen? Is this financial pandemic going to stop here or spread across MF schemes? Retail Investors Beware.. !
Franklin Templeton shuts down six credit risk strategy debt funds; All investors need to know - https://t.co/Gqz92uwXn2 #YesBank_AT1_RetailInvestor#SaveYesBondsRetailInvestor Not so difficult to foresee where the Indian Bond market is headed. https://t.co/mYeE0SWDqa
None is listening...What next? With efflux of time, new issues will crop up like the Franklin Templeton Investments of 25000 Crs stuck. Only God knows what will happen to those who need the money for health/education reasons?
How many MF Schemes have exposure to these companies and more? How many Retail Investors are going to drown after the fiasco at FT shutting down their 6 schemes? This is becoming dangerous now? Just like 2008 financial meltdown in US. US Govt & Fed Bailed out, India in 2020????
Aww come on!Most of d wealth of Big Promoters have been built on debt taken by their companies! Companies have become insolvent & the same public money was siphoned off to create onshore/offshore assets! None of the BigWigs have become insolvent. What do such preachers smoke?
Some say that having loans gives them a sense of commitment. Commitment is good, if it comes from inside rather than due to external credit pressure. Debt is a dangerous way to build commitment.
Nearly all Retail Investors were trapped either verbally or in writing through mails inducing them to invest. A Blatant Fraud, Breach of Trust, Breach of RBI guidelines amounting to cheating through mis-selling & deliberate misrepresentation! No action by GoI or RBI so far!