Growpital Scam: Will SEBI Refund Investor Money?

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In this video, Sucheta Dalal examines SEBI's interim order against Growpital, a firm that lured over 5,200 investors with promises of high, tax-free returns in agriculture. Despite SEBI's action to block Rs184 crore in funds, investors remain frustrated by delays in recovering their money. Sucheta explores the legal loopholes Growpital exploited, the role of SEBI in protecting investors, and the pressing need for a quicker refund process. Watch to learn why refunding investors is the only real protection they need.
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Опубликовано:

26 сен 2024

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Комментарии : 91

@Putcal7i 7 часов назад

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@nalinichandrashekar День назад

Hahaha.. I remember in the 90s my dad has bought so many Teak trees from these agro companies. My dad used to believe that he will own these trees by the time he will retire. After he expired, i gave all those Tree certificates to raddiwala. 😅😃 I learnt a good lesson from this episode.

@JohnSmith-sl6eg День назад

Raddiwala now has teak forest😂

@George-qk6hg День назад

Anubav teak and ramesh cars

@mohanraj.s728 23 часа назад

I differ from your points on this subject entirely. Knowing so many lost their lifetime savings in such schemes already, why invest blindly?. Greedy is the only reason. No regulatory bodies can protect such greedy people from any such disasters. May be those who invested haven't earned the money legitimately. It's only greedy or illegitimate money. Nothing wrong in losing money in such cases. Don't blame the Government or SEBI. They have issued warning ample times.

@tusharpotdar5762 День назад

My friendly free advice to Growpital, -"give some donation, and buy a peace of mind" 😂 if adani matter could be settle down, than any matter could be resolve and settled. Have a faith I "M"

@theonlytruelight4341 День назад

SEBI only profits Mr Adani 😂😊

@ukuk179 День назад

Excellent analysis and delivery. Investors must be educated

@MoneylifeNewsBites 6 часов назад

Thank You .I'm glad you found the information helpful. Please subscribe to our channel for more such content.

@ukuk179 День назад

Consumer Duty of care is not a key SEBI objectives & deliverabble

@adityapatra9183 День назад

It actually is.....read the preamble of SEBI act

@ukuk179 23 часа назад

@@adityapatra9183 Is it enforced, complainrs data collected & reported? Firms named & sharmed?

@mari3489 День назад

I believe the group is still operating in Central Africa.

@sunitshanbhag9536 День назад

SEBI Has been proactive. Glad you could explain arguments made by both Growpital And SEBI. I believe investor's must only invest in regulated entities governed by either RBI or SEBI.

@adityapatra9183 День назад

You must be joking right??? SEBI has been investigating since last 7.5 months and neither have they been able to prove that Growpital is CIS nor have they returned the amount that they froze in the escrow account. It's a shame that it took an order from SAT to direct SEBI to return the frozen amount to the partners. And guess who proposed this return of the amount??? GROWPITAL! For a regulatory agency which claims to be "protector of investors' interest", SEBI has been doing just the opposite till now. They handle companies to the tune of Lakhs of crores of market capitalisation and here they are unable to prove with documentary evidence that a small company like Growpital is CIS or not.

@kishtube3008 День назад

Ponzi? Then why is the founder fighting to return money to investors? Why does SAT even exist then and trail is going on?

@adityapatra9183 День назад

Absolutely!!! People now a days especially journalists who want nothing else but masala to gain trp always jump to conclusions. There's no documentary evidence that Growpital is CIS. There's no documentary evidence that there has been any kind of fraud but people are already claiming it to be a fraud or Ponzi scheme....sad.

@xcel5203 5 часов назад

Not a Ponzi scheme ; but using the LLP structure with fine-print clauses the founder has tried to defraud the investors intentionally. Put bluntly it was always a scheme to cheat people from the outset . Now that he has been caught he wants to retrieve whatever he can without the burden of being labelled a crook and sent to prison .

@ukuk179 День назад

Should SEBI approve prospectus like a requirements in US & West?

@44mahendrasharma 20 часов назад

SEBI officials have illegitimate ties with the bank in which the money is frozen. Thats why they are taking too long. I am sure someone from Madhabi Puri Buch's family is employed by the bank as an consultant just like Dhaval Buch and getting paid huge salary or consultant fees.

@tusharpotdar5762 День назад

Wow SEBI is still alive, working condition😂 I thought it's gone to deep sleep meditation mode / coma 😂 especially after adani and madhabi saga.

@johnwisdom651 День назад

The large Agtech startups in business currently are also running with huge losses. They are actually new age Agri-input distributorships and Agri-commodity trading setups with a so called "digital platform" at its front end or back end.

@jamesstephen1516 14 часов назад

New scam but old tactics.. thank you for this eye opener

@aloknayak29 21 час назад

Why SEBI is not taking this seriously and timely? Because the sum of pooled money involved here in this growpital scam i.e 184 Cr is less than the net worth of Buch family from SEBI.

@44mahendrasharma 20 часов назад

This is even less than just Madhabi Puri Buch's net worth excluding her family

@Goofy_q День назад

Very informative. Thank you so much

@MoneylifeNewsBites 7 часов назад

You're welcome! I'm glad you found the information helpful. Please subscribe to our channel for more such content.

@lalramchandrasinghdeo1483 4 часа назад

Most under rated channel. High quality contents, investigative journalism. Mainstream media hides such news.

@ashokshukla1690 8 часов назад

In Fraud group there is only loot & scoot & enjoy acche din facilitated by SEBI, corrupt & fraud madhabi.

@shlokdave6360 3 часа назад

The one thing which I didnt understand in this entire sordid affair- how did Growpital forget to pay off Mrs Buch and/or contribute to nation building via electoral bonds? The promoters of Growpital may or may not be frauds, but they are clearly highly incompetent. When there is a single window clearance available for such cases, what were they doing? Rank amateurs, I tell you...

@sk-xy9wh 12 часов назад

Sebi favors only Adani.. others not allowed to do business...

@johnsonp4572 3 часа назад

I am still holding a certificate of one unit from such a company, golden forest. I think the maturity date is also over long back. As I was getting no reply (about 25 years back), I forgot, taking it as lost money.

@jiteshwarprasadgupta3235 День назад

Realm of Ponzi,Agro Taxfree 60-70% margin,rosy,unreal proposition really,not workable on ground.Optionless, Freeze, Disgorge,max retriev,prompt distribute ,is correct way out of this dubious setup.

@ramakrishnanranganathan6830 8 часов назад

Dear Sucheta , Thanks for the yeoman service you render. Can you please do an episode on the Lavasa insolvency situation where the previously announced winner, Darwin Infrastructure have now defaulted and the matter is back into the NCLT process. This after around 4 years and crores of fees being spent on the insolvency process. I remember you had done an episode where you have raised questions on Drawin's credibility which to me was suspect from Day 1. Thank you again for your efforts.

@smitra3367 День назад

One or two Startup investing portals like Tyke hosted their campaign.

@babypaul001 День назад

Even I was wondering how they were able to induct so many partners. Theoretically it is possible to add n number of partners, but practically above 100 is cesspool. All thanks to the buggy software.😀

@SbRaja-lw8gy 21 час назад

Asm gsm esm norms are screwed by sleeping exchange board to punish retailer's

@ratanbhattacharjee7233 23 часа назад

As a return for immunity from criminal charges SEBI officials have to share cut money.

@agnelopereira5856 22 часа назад

Thank You madam.

@MoneylifeNewsBites 7 часов назад

You're welcome! I'm glad you found the information helpful. Please subscribe to our channel for more such content.

@Sundip.sharma.11 16 часов назад

I feel it's not only the responsibility of regulatory authoritiy's to control such recurrence of scams but also the common people who need to control their greed and be well informed before investing their hard earned money in safe investment. If at all they don't understand the nitty gritty of investing then there are many ways to follow for safety of investments.

@tusharmisal9981 22 часа назад

Please help yp get investors money back 😢

@vishaalbhatnagar3924 День назад

I registered and had nearly invested in a Growpital scheme.

@skgakoli 12 часов назад

U r in civilised sociery where govt is not resposible for anything 😮😮

@husainjam 9 часов назад

The government used to be responsible only till a particular year. After that year, any scam is the mistake of the people themselves.

@SbRaja-lw8gy 21 час назад

Varanium cloud

@abbakabb День назад

Thx Mam for covering this Scam and voicing investors concern

@MoneylifeNewsBites 7 часов назад

You're welcome! I'm glad you found the information helpful. Please subscribe to our channel for more such content

@RohiShetty 22 часа назад

Teak.... 🙂

@chotaniraju День назад

Well explined. But seems our regulators are sleeping😢

@MoneylifeNewsBites 7 часов назад

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@nrvsolanki День назад

Thank you for touching this topic.

@MoneylifeNewsBites 7 часов назад

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@stutiveda4550 8 часов назад

Very good info & analysis

@MoneylifeNewsBites 7 часов назад

Thank You ..Glad you liked it . please subscribe to the channel

@sumitevs 23 часа назад

Thank you for reporting this

@MoneylifeNewsBites 7 часов назад

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@krishnkantsen6627 День назад

Thank you so much ma'am 💓 for

@MoneylifeNewsBites 6 часов назад

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@raghukodagali 23 часа назад

Shukla mishra...i can hear only brahmin names...😅😅😅Rahul gandhi is correct.

@labonisingh6459 11 часов назад

Great exposure 👍🙏

@MoneylifeNewsBites 7 часов назад

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@sureshlalwani410 День назад

Thank you ma'am

@MoneylifeNewsBites 6 часов назад

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@bm8292 День назад

Thanks Madam

@MoneylifeNewsBites 6 часов назад

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@amithbanger5959 21 час назад

SEBI is looking at keeping those funds for themselves especially under the current SEBI chief...NEVER IN THE HISTORY OF INDIA , HAVE FUNDS BEEN RETURNED TO THE INVESTORS. WE ARE NOT A NATION BOUND BY HONESTY AND CERTAINLY NOT THE GOVT OR ADMINISTRATION