I am an Indian citizen residing in Hong Long, regret to inform you about loan scam by India bulls (IHFL) - Ozone group

Pawaskar vinayak | 05 Nov 2018

Investment Scam
I am an Indian citizen residing in Hong Long, regret to inform you about loan scam by India bulls (IHFL) - Ozone group. I was invited to an property show in Hong kong in oct 2016 organised by Event Clinic an Singapore based company. where was introduced to then AGM of Ozone Group who offered apartment at 90% value. In dec 2016 I was allotted 2apartments both in Ozone Urbana Avenue project bangalore. For which I had to pay 10% booking & avail 80% loan through their provided option of India bulls (IHFL) and disburse loan on Pre -emi (2 yrs) total loan period 10 yrs.

We did sign documents for sells agreement, construction agreement, tripartite agreement & buy back agreement.

The builder Ozone group was suppose provide possession of the apartment in Aug 2018.

Under the buy back agreement option at 18 month I had opted not to retain & at 24th month Ozone group to close the loan on my behalf with IHFL & provide the 10% booking + 10% profit.

But after RERA was introduced they changed the possession date to dec 2020 without prior intimation.

Currently indirectly they have threatening to encash the cheques provided & process ecs linked to account by India bulls to declare me bankcrupt. Or they don't close the loan and leave victims in jeopardy.

There are more than 1000 families (NRI) trapped in the scam by Ozone group.

Also please find links:
https://www.indianrealestateforum.com/forum/city-forums/bangalore-real-estate/8214-ozone-urbana-ozone-group- devanahalli -road- nh7 -bangalore/ page14

Currently a scammer Aditya Rahe is targeting from Singapore

Looking for your support.