6 thoughts on “That Which is Not Seen

  1. Doubly good. It would slow the ballooning of a credit bubble and also destroy many gangs at their roots. Yesterday I read the story of a group of collection agents allegedly raping a tourist in Orissa. This happened in broad daylight. Over the past few years I have been hearing of the rise of goondaism in many parts of the country where no such thing existed before. For these goondas, the fees from the banks was a steady income and the rest of their activities were entrepreneurial missions to make more.

    Maybe the government can set up fast-track courts for debt recovery. Courts are a better venue for these workouts.

  2. Hello RaviKiran,

    Actually its good. Banks were giving away loans without proper background checks and serviceability checks. And common customers like us bore the brunt of bank goons. I have written a post regarding this incident recently, and outlined my experiences with ICICI bank.
    I support the court decision to fine ICICI bank, given that I have had the misfortune of interacting with their goons.

    In fact I think they were let off lightly, they have indulged in kidnap and murder in the past, not just beating up customers.
    So much for cliches like “good corporate governance by ICICI bank since there are many women at top positions in the bank” (unrelated, but just couldnt help mentioning it)

    You just need to search google for “icici bank idiots” or “icici bank morons” to know the extent of the problem.



    Because the courts have clamped down on the collection agenciesí annoying habit of beating up defaulters, banks have cut down on lending to lower-middle class people.

    One bad apple (ICICI here) spoils the whole bunch etc.


    Collection agents (aka bank recovery goons) raping tourist in Orissa is disgusting. It does not surprise me though. Becoming “collection agents” of ICICI bank was just another source of income for anti-social elements.

  3. Suraj Parkash Tuteja
    38 Azad Nagar, Jagadhri Road.
    AMBALA CANTT 133006

    MARCH 19, 2008

    Mr Manpreet Singh Mob 09988195653
    Authorised Signatory
    ICICI Bank Ltd,
    IInd Floor, FCO 151-152 Sector 9C,
    Opp Yes Bank, Chandigarh

    Reg Dues against Credit Card No. 44774685541690009

    Dear Sir:

    Please refer to your proposal No IBBC/COR/2476/51 dated 18.3.2007 offering to settle dues at Rs 58,000/- as against the amount earlier claimed at Rs 78.973.56 as on 28.1.2008. In fact nothing is due from me, rather some amounts are due from you. But even for this so termed generous proposal the language and wording of the letter is not only insulting to any customer but also reflects the lack of even an iota of common sense, because without looking to the large scale criminalities indulged into by ICICI Lombard itself, you are time and again expressing your large generosity of spirit in allowing the so termed huge rebate of Rs 20,000/- and putting up misplaced conditions. Because being a % share holders in the amounts recovered, your first and last intentions – whatever your Principalís faults – is only to extract heavy amounts by terrifying & threatening customers, and so you can earn more commissions.

    Besides, this letter IBBC/COR/2476/51 dated 18.3.2007 which was kept being forcefully withheld by your Mr. Rana and given a copy only after prolonged heated discussions at various levels right up to Chandigarh, is a mockery because the letter is not on the Bank’s letter head, or carries a rubber stamp, does not indicate the branch or postal address, or telephone numbers or even designation of or copy of Authority Letter of Manpreet Singh. It is a scrap of paper. A fresh copy of the same duly rectified be sent. Yet again, the bank is vigorously with holding from me copy of my Savings Account No ?? statement since December 2006 and creating hurdles for me to arrive at the final amounts withdrawn against the credit card from this account.

    This rebate of Rs 20,000/- does not reflect in full the wrong and excessive charges unlawfully debited to my Credit Card. In the first place I only provided details of my two sons to to ICICI Lombard to obtain detailed proposal, but ICICI Lombard straight away issued two policies, which were refused and surrendered, and only against repeated requests both policies were cancelled within less than 3 months on 28.3.2007 and even after repeated requests for refunds of the excess amounts charged ICICI Lombard never responded.

    The reason for immediate refusal for the Insurance policies was the flood of lot many and excessive charges being debited and unlawfully extracted from my credit card like huge Rs 1533.80 EMI Principal debited on 21.12.2006 as also EMI Interest of Rs 302.62 for what ? The amount payable monthly was only 301.87 i.e. Rs. 7245/ 24 months = Rs 301.87 Why debit charges interest unlike in all LIC and other insurance companies, interests are never chargeable on monthly, or other periodic instilments.

    If ICICI Lombard do not cancel policies around 3 months it was certainly not fault of mine, but of ICICI Lombard only. Then why damage me with all of the charges, service charges, interests on interests and what not ? Not resting with these frauds, even against both policies cancelled on 28.12.2006 ICICI Lombard illegally kept on further EMI Principal and EMI Interests charges but also started debiting for 6 policies with consequent Service Charges etc in January, February, March, 2007. Both policies were at last cancelled on 28.3.2007 but without giving rebate for the amounts debited and collected from day one or any amount whatsoever.

    Again even after canceling both policies ICICI Lombard kept on unabated bombarding charges and collecting from my Credit Card amounts for the months of April, May and June 2007. But the height of criminality reached when long after the policy was cancelled on 28.3.2007, in June alone the ICICI Lombard bombarded my credit car with 13 EMI.s and 11 EML Interest charges amounting to Rs 50304. 31 EMI Principal, and Rs 1334.60 EMI Interest and together with service charge etc the amount criminally debited to my account in June alone ran to 64415.50 closing balance minus 10579.97 = Rs 64415.50 as reflected in the statement itself. And your Mr Rana and Ravi Gupta continue to insist for payment of Rs 58,000 /- with threatening postures.

    I insist on you to prove concusively that I ordered for any of the 3 EMI.s and 11 EML you have criminally dumped on me and know adamentally insist on me to pay up.

    Looking to all these wrong. excessive and criminal charges, and looking to the adamant attitude & insistance for payment of Rs 58,000/- it is disgusting to discuss matters with your Mr Rana or Mr Ravi Gupta or others who brazenly and blatantly insist that the amount as shown in the statement is payable under all circumstances they threaten they have lot many ways to extract the amounts. as is also visible from two dull-witted legal notices from Amardeep Singh Sukhija 23.7.2007 and Sandeep Suri 8.2.2008 were ignored. Both notices presupposes that only the ICICI Lombard as the most pious instead of the and acted like Mafia’s dens or goons themselves fully knowing the repeated and heavy penalties and fines imposed and reprimands and warnings from Supreme and High courts in India. Both of these threats termed as legal notices were ignored. You are fully aware of the dirtiest reputation ICICI Bank is held in public, and you can refresh your memory if you click on internet for Google or Yahoo or any other search engine and check results ICICI + criminals or cheats or crook’s or frauds or thieves or decoits or robbers or whatever else derogatory adjectives and see the results what lacs and crores of banking customers think and shout about you, And state till when the shameless conduct will continue by you people ?

    In fact the four amounts actually withdrawn by me i.e., Rs 92/54 on 30.09.2006, + Rs 5,000/- on 18.10.2006 were adjusted on 17.11.2006 with Rs 5,489.96, 10,000/- on 02.11.2006 ) 512.5 on 18.11.2006 were adjusted on 19.12.2006 with Rs 11,701.02 with along with unlawful charges like processing fee, 199.99, manual cash Rs 300/- +300/- as against Rs 75/-, excess charged Rs 649.99 is to be refunded to me. Rest of all of Rs 78.973.56 as on 28.1.2008 is wrongly charged and needs to be set off .because I never accepted any of two insurance policies. Even a casual look at the statement will show that after 18.11.2006, with nil balance due from me, there is not even a single withdrawal but only illegal charges dumped on me.
    Hope better sense shall prevail and it is requested that fresh statement of account with statement of savings account be furnished be furnished detailing the final amount lawfully due – not as per your senseless arguments – to either of us for final adjudication. Study the above facts carefully, and take this as legal notice and respond within 15 days failing which I shall get the matter adjudicated through RBI, Banking Ombudsman, Insurance Ombudsman, Consumer Forum or law courts at my option, as also go to the national Press and TV Media,
    as also take up matters with the High Court and Bar Council against the two advocates why their Bar Licenses be not cancelled for sending out illegal threats and calling names in the name of so termed Legal Notices without studying the vase, all the while knowing full well the criminalities the ICICI bank is known for all over. One Advocate had the audacity to send copy of his notice illegally to Senior Superintendent of Police knowing full well the legal options available to him, Copy is being sent to SSP Ambala to check these white collar goons.

    Suraj Parkash Tuteja

    It is your responsibility copies ot this legal notice be also provided to following :
    cc. Mr Rana (Mob 09729060046
    Mr Ravi Gupta Mon 09888510957
    Amit (Mob
    e-mailed to chairman ICICI Bank,
    Reserve bank of Inkia

  4. With thousands of frauds reported by ICICI Bank, and large numbers of courts and consumer forums regularly fining ICICI Bank, Rs 1 lac, Rs 5 lac, Rs 50 lac, Rs 25 crores, what is the Reserve Bank doing ? long and whole sale slaughter of naive Indian consumers and ICICI Bank customers. And then the use of goons started by ICICI Bank, daily insulting, humiliating, thousands of customers across the country, many of them committing suicides, what is Reserve Bank of India doing ? And then their credit card frauds, thrusting credit cards on customers, as also their Lombards insurance policies, then dumping thousands of rupees as God Knows what charges, and then employing goons to recover the amounts. What is The RBI doing ? And then employing Monkey sena with heavy wages, and still heavy targets, they speak all lies, and show all greens, hook in the customers by false rosy statements, and then within 2-3 months, they are thrown out, and the customers are not attended by Bank Managers, and then goons are sent to recover amounts. What is RBI doing ? See the internet , use any adjective word like goons, frauds, cheats, crookes. decoits, with ICICI bank, and see what lacs of people are crying and shouting across the Board, what is RBI doing. In the first place, ICICI Bank must be ordered to be closed down altogether, and so also the RBI who as country monitoring bank, why must RBI not share the discredit and full responsibility, and why must RBI also not be ordered to be closed down ?. If Jungle Raj has to persist, what is the use of heavily paid staff employed by RBI ? Are we living in a democratic, republic, civilized society or a fascist regime like Hiler or Mossoulini ?

  5. Pl dont cry like childs , if we were so neat and clean , we wouldnt have let this mess started in the begining only and we are not illiterate to study the terms and conditions .

    The fact is money is very easy to use and difficult to pay

    grow up ,,,,,,,,,,,,,,,,,,,.///////////////

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