The Credforce Asia Ltd’s default saga has now continued for thirty-three months. These investors have lost their lives waiting for their monies to come back, Mr Jatinder Rai Chibber, had an investment of Rs 45 lakhs, passed away in 2021, Mr Prithpal Singh Vasudev, had an investment of Rs 10 Lakhs, passed away in 2021, Mrs Minoti Chatterjee, school principal in Delhi, passed away in 2022, Mr Gopal Narain Saxena, former director of IFFCO, passed away in 2021, Mrs Alka Saxena passed away in April 2021.
Apart from the above names there are some investors suffering from ailments and are cash strapped to pay for their treatment, To name a few Mr Ram Chander Grover, he is suffering from acute diabetes and has had three stents put in his heart, Mr Suresh Kumar Chaddha, is suffering from prostate cancer and undergoing treatment for the last six months, Mr Anil Gupta, he is undergoing dialysis and is suffering from various heart issues, Mr Mark Manuel, son of Mrs Christine Manuel, is undergoing a Bone Marrow Transplant in Vellore, Mr Apurba Majumder, is suffering from various heart related ailments and this issue has caused him severe anxiety leading to health issues.
These are just a few of the examples of the human suffering that Rajiv Gupta, Geetika Gupta and Sanjeeva Shukla have caused on the preference shareholders of Credforce Asia Ltd.
The Husband Wife 90% share holding Promoter Duo of Credforce Asia Ltd namely Rajiv Gupta a Wharton Alumni and Geetika Gupta a Sr Employee of Accenture have siphoned crores to USA and left investors in a lurch most of them helpless senior citizens like me a 75yr old widowed, retired school principal. We need justice from the government that they should make arrangements to deport the Gupta’s and make them face the legal consequences in India and not to make a mockery of the judiciary and police system by taking advantage of being in USA. We also hope Accenture reviews their Corporate Governance policy for having such a fraudster in their ranks. Kishwar Majid.
Over 80% of the investors are over the age of sixty and have invested their life’s savings in the company. They were dependent on the cash flow from their investments to sustain their lives. The Guptas have caused immense misery on their own investors.
Sanjeeva Shukla is under arrest in Tihar Jail and will be soon moved to Kolkata and remanded in the custody of Kolkata Police. He will be arriving on 13th October from Delhi.
Rajiv Gupta and his wife Geetika Gupta have bought a palatial house with the proceeds of the crime and are living a comfortable and luxurious life in Austin, Texas, USA.
Credforce showed us a very rosy picture with their concocted financials and then defrauded me of my life’s savings. They have made my survival, hand to mouth, said Mrs Veena Rohatgi, age 76.
Rajiv Gupta is running Edvantic Inc. providing Edu-Tech services to businesses and students in America. Edvantic had revenues of over $ 30 million in 2021. He is an alumnus of the Wharton College, at the University of Pennsylvania. But his own alma mater has won damages of $ 1.20 Million for defrauding them. His wife Geetika Gupta works for Accenture in Austin, Texas and is a very senior employee with global responsibilities. She has a multi-million-dollar salary. The couple originally hail from Lucknow in India.
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