Ref: MSS-RBI-150 Dated 25.7.2014
By Email and Speed Post: ET 004161621IN/6/8
NOTICE
To Shri Raghuram
Governor
R. B. I Main Building,
Shahid Bhagat Singh Road,
Fort MumbaiMumbai 400001
Namashkar
Vande Mataram
Please Note this the 150th Communication to you. and I have spent several thousands communicating to you and you also have Not responded to any of my letter.
1-I am a Minority Shareholder of IDBI ( No response from them for the Notice except accepting)
2- I am a Senior Citizen and being ignored By You
3- I am a Physically Challenged Person and single Handed fighting my issue.
( My family has been ruined by irresponsible act of the DUO- CIBIL and Indifference attitude by you- which is HUMAN RIGHTS VIOLATION, VIOLATION OF CONSTITUTION OF INDIA).
By saying sorry or regretting it is not going to provide me Relief on all fronts. If that is the logic- Most of the Departments can be safely closed and there can be One Act- “SORRY ACT”.
A Rapist can say sorry and Get away
A Molester can say sorry and get away
A Fraudster can say sorry and get away and So on
Most of the RBI Deppt can also be closed. Why Police Deptt,CBI, NCW, NHRC etc. All these departments can easily closed??!!! And Tax Payers Money be saved
Please note - Bajaj and IDBI have accepted their Blunder and Fraudulent Inclusion of Fictitious outstanding, they are yet to accept the forgery- which shall be dealt Criminally- either you ask the Police or CBI to file a Case and Issue FIR against the Directors/MD etc.
I know they are very Powerfull people with lot of Money and Political connections, arrange assassination, killing, buy the law etc- how far the NATION will Tolerate this Nonsense. Your Non Response to My over 149 letters speaks volumes. Otherwise why should there be so many rapes etc.
Why farmers Commit suicide- Because of Indifferent attitude.
You are from Chicago and an HARWARD UNIVERSITY student- Must have read the following rulings:
Transunion/Cibil made to pay to the following- why in India it is not being followed and why CIBIL is imune? The following speaks how the People of US are safe guarded against manipulation. India needs Law of Damages as a Minimum Deterrant leaving the Judiciary to take decisions above the Line fixed by the Law of Damages.
"QUOTE-
1 a)In 2003, Judy Thomas of Klamath Falls, Oregon, was awarded $5.3 million in a successful lawsuit against Trans Union. The award was made on the grounds that it took her six years to get Trans Union to remove incorrect information in her credit report.[4]
1b) In 2006, after spending two years trying to correct erroneous credit information that resulted from being avictim of identity theft, a fraud victim named Sloan filed
suit against all three of the USA's larg est credit agencies. TransUnion and Experian settled out of court for an undisclosed amount.
1c) In Sloan v. Equifax, a jury awarded Sloan $351,000. "She wrote letters. She called them. They saw the problem. They just didn't fix it," said attorney A. Hugo Blankingship III of Blankingship & Associates in Alexandria, Virginia.
Unquote".
2-Equifax Must Pay $18.6 Million After Failing To Fix Oregon Woman’s Credit Report.
3-BC Supreme Court confirms consumer information must be removed from credit reports after 6 years
Unquote
U also must have read the Act. - The act is full of Ifs and Buts- But the Bottom line says Compensation has to be paid. Please note I am not the Only Person- Across the Nation it is the case-Many cases are being filed in consumer forums etc also. I have given you all the details with enclosures- yet you are dragging the feet- sending wrong Signals about RBI- Why people will not Conclude that BRIBE has been paid to suppress the Matter at various levels.
Please also let me Know How many Reports under ISO 27001 have been prepared and signed off and the Auditors have seen and signed off,appointed per act.
Refer:HAPTER VIII-OFFENCES AND PENALTIES
23. Offences and penalties.—(1) Whoever, in any return or other document or in any information required or furnished by, or under, or for the purposes of, any provision of this Act, wilfully makes a statement which is false in any material particular, knowing it to be false, or wilfully omits to make a material statement, shall be punishable with imprisonment for a term which may extend to one year and shall also be liable to fine.
(2) Every credit information company or a credit institution or any specified user, wilfully, performing any act or engaging in any practice, in breach of any of the principles referred to in Section 20, shall be punishable with fine not exceeding one crore rupees.
(3) Any credit information company or credit institution or specified user wilfully providing to any other credit information company or credit institution or specified user or borrower or client, as the case may be, credit information which is false in any material particular, knowing it to be false, or wilfully omits to make a material
statement, shall be punishable with fine which may extend to one crore rupees.
(4) Any person who contravenes any provision of this Act or of any rule or order made thereunder, or obstructs the lawful exercise of any power conferred by or under this Act, or makes default in complying with any requirement of this Act or of any rule or order made or direction issued thereunder, shall, if no specific provision is made under this Act for punishment of such contravention, obstruction or default, be punishable with fine which may extend to one lakh rupees and where a contravention or default is a continuing one, with a further fine which may extend to five
thousand rupees for every day during which the contravention or default continues.
(5) Where a contravention or default has been committed by a credit information company or credit institution or specified user, as the case may be, every person who, at the time the contravention or default was committed, was in charge of, and was responsible to the credit information company or credit institution or specified user for the conduct of its business, shall be deemed to be guilty of the contravention or default and shall be liable to be proceeded against and punished accordingly :
Provided that nothing contained in this sub-section shall render any such person liable to any punishment
provided in this Act if he proves that the contravention or default was committed without his knowledge or that he exercised all due diligence to prevent the contravention or default.
unquote.
I Also Reserve the Right to Proceed against You Criminally and Compensation should be paid to me immediately.
Awaiting your Favorable Response By way of compensation from CIBIL-IDBI-BAJAJ FINANCE. IDBI letter Copies and Bajaj Fin details have already been sent.
Namashkar
Vande Mataram
M.S.SUBRAMANIAM
