Lite Forex India is Scam | Manish Kaverappa, Matlub Qureshi, Loganthan, John Mahesh Periamani from M

Giving Threats to me, Not returning money, Gave Fraud Accounts, Cheating People

16th of May, 2018 by harvinder.singh

Lite Forex India and Super Forex India is a big scam and fraud operational setup run by 8 Indians. This setup is not officially owned or operated by Lite Forex Investments Limited, Marshall Islands, this is what I was told by official representatives of Lite Forex and Super Forex when I approached them through their website and phone numbers.

When I checked in official information, there is no such registered company under the name of Lite Forex India or Super Forex India, however all these people showcase themselves as it's employees.

Now I know Forex Trading is strictly banned in India for Cross Currencies except traded and permitted by Finance Ministry and SEBI, though I was not aware about this when I and my friends deposited money with them.

After 6 months when I and my friends were losing money because his traders were trading in wrong pattern, and because in one of my account when I was trading all my trades were closed without my permission and consent and I was asked to pay more money as my balance was in negative - I requested for the withdrawal of my two other accounts, however he started threatening me, and mentioned he has good connections with Police and Ministers and will get me killed if I revealed this to anyone.

However, many frauds and cheaters have opened their fraud setup in India by the name of different International Forex brokers and are running away with the money of Indians by fooling them. I too got fooled, however I felt it as my responsibility to report this to Enforcement Directorate, Economic Offence Wing, Income Tax, Finance Ministry and Anti – Corruption Bureau to save all other fellow Indians from such frauds and scamsters.

These cheaters show big dreams to medium class people, and make them invest money on their forex trading platforms on which they earn huge commissions on deposits, trades, profits and on the name of CONVERSION / TRANSFERRING money outside India.

They meet people with young guys who have no knowledge about forex trading skills, and portray them as expert traders who will earn lot of money for client by trading on their fraud platform under the name of LITE FOREX INDIA.

They register clients under mirror accounts under which actual trades are not placed and show to the client that the client lost all money because of his wrong trading. Obviously client will lose because they play with spreads, leverage, implement slippage and close trades without permission.

In addition, if client is able to make money, they stop the funds and put it on hold showing KYC issue, as if they are legal and KYC abiding people, their complete setup is dummy, registered under fraud names, fraud bank accounts with an intent to cheat people and run away with their money.

Here are the contact details of the setup run by Manish, Logan and Matlub under the name of Lite Forex India and Super Forex India:

City: Bangalore

1. Manish Kaverappa (He mentions himself as the Country Head)
Address: 139, Old Airport Road, Kodihalli, Bangalore
Contact Number: +91-88619 77001
www.facebook.com/manish.kaverappa
Email id: [email protected]
Skype: lfx.manish

He is operating illegal Forex Trading and Brokerage Business under the company name of Click Ads, Bangalore, and is fooling government and people by proving that he has ad agency and not a forex company, however while collecting money he promises big returns by trading on forex trading platform of Lite Forex. Sadly, he has no knowledge about Forex, Technology, Processes and Investment management. He is purely taking money and gulping it down.

Manish is a scoundrel, he has earned a lot of money by fooling people in different cities near Bangalore, agencies should check his bank accounts – it says it loud, to buy expensive bikes and pamper his darling wife, from owning Pulsar and a Maruti Baleno in 2014-15 to owning sport bikes and expensive cars today, surely he has earned a lot of money by cheating people and his clients.

2. Vinod
Contact Number: +91-8050600029

3. Brinda Kaveramma (Partner of Manish)

4. Loganathan operating from Bangalore, with Manish
Contact Number: +91 99162 17744, +91 78921 76435
Email: [email protected]

MUMBAI:
5. John Mahesh Periamani, Mumbai
Contact Number: +91-9664785872

6. Matlub Qureshi (Another Fake Country Head, operating from Vikhroli, Mumbai)
Contact Number: +91-9920201699
He is running the office under LF Technology, B – 203, Kailash Business Park, Savarkar Marg Park Site, Vikhroli West.

He has registered the office under the name of LF Technology, and is working through his close friend Shahabuddin Khan, to save his ass he smartly registered the company and office on Shahbuddin’s name – which again shows malicious intentions. I have the copy of agreement done by him as a proof, and have submitted in my email to the agencies.

7. Matlub Qureshi, Logan Nathan and Manish Kaverappa are using bank account of a fake textile company to route money in different bank accounts to their own account under the name of Balaji Textiles with the bank account number: 250000280381 in IndusInd Bank, Crawford Market, Mumbai.

One of my friends from Punjab also lost a lot of money, because they made good profits through genuine trading however Matlub and Manish refused to give them the money saying the trading pattern was wrong (WOW what a fucking excuse). They have filed a case with EOW and ACB like me.

I am hopeful, that agencies will look into this matter and will take strict action against these frauds and will help us recover our money which we paid by trusting them, their words which is surely our mistake, however I wont let these people run away with my money and other people’s money.

My name is Harvinder Singh from Chandigarh currently at Pune, My friend’s name is Bhavesh Patel and his cousin’s name is Rajesh Patel from Surat. We all three were cheated by the above people for 65,00,000 Rs.

I have shared my details with police as I have all proofs of handover of cash and bank transactions, you too should do the same.

If you too were cheated by them, please report to EOW, Police and ACB at:

1. Ms. Archana Tyagi
Jt. C.P. (Adm.)
+91-22- 22620879
Email: [email protected]

2. Mr. Ashutosh Dumbare,
Jt. C.P. (EOW)
+91-22- 22625028
+91- 8454845998
Email: [email protected]

3. Sh. K.M.M.Prasanna,
Ad. C.P. (Crime)
Mobile: +91- 9870198979
Email: [email protected]

4. Mr. Datta Padsalgikar
Commissioner Of Police,
+91- 7710060100
Email: [email protected]

All the best. If you need any more information, leave your number here I will contact you. I am scared of these people they can do anything to hurt me for posting their naked truth in front of all.

Though I have full faith in legal system and have reported it with all proof to agencies.