- Report: #1492601
Complaint Review: Sharan P. Khanna and Tapin Khanna - Mumbai Maharashtra
Reported By:
Sean -
Las Vegas, Nevada, United States
Submitted:
Updated:
-
Author Not Confirmed
Why?
Sharan P. Khanna and Tapin Khanna
309 Dalamal Tower, Plot No. 211, Free Press Journal Marg Nariman Point Mumbai, 400021 Maharashtra, India
Phone:
+91 98214 59596
Web:
https://www.facebook.com/tapin.khanna
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Sharan P. Khanna and Tapin Khanna Fraud, Bad Faith, Misrepresentation, and Coercion Mumbai Maharashtra
Sharan Khanna and Tapin Khanna conned me out of my office properties in Dalamal Tower in Mumbai, India back in 2011. The value of the properties was 1 million dollars. First, Sharan Khanna created a fake leave and license agreement that he never paid. Second, Sharan Khanna put me in a distressed financial situation where I could not pay the arrears for the office space so I tried to put the offices on the open market, but he wouldn't let me.
He said, "I will buy the office space from you." And, because I was in need of cash I wanted and also bring money out of India it made sense to sell to him because he had the financial resources for an immediate sale. The underbid the price of the properties, but I agreed to the sale. The total sum was arround $800,000. Yes, about $175,000 was sent to me in the USA.
The other remaining money was to be put in a Term Deposit at 9% but Sharan Khanna wanted to money for himself so he dissuaded me from that choice and coerced me to invest with him. He promised he would double my money. Misrepresentation. I was reluctant to make the decision, but he would not have it any other way.
I wanted to transfer the money to the USA, but he told me it was better to invest in India. That's when the scam got worse. So I invested about $575,000 of my money in a faulty real estate property where I was not even given the proper documentation and trumped of fake share certificate. There was a real estate purchase I was coerced into buying in the city of Mysore, but who was the developer? It was Tapin Khann, Sharan Khanna's son. So I paid at above premium prices for his son's exit on the property deal which was another scam.
I try to contact Sharan Khanna, email him, call him, phone him, but he does not respond. He even promised to give me my full exit in India at 75 million rupees, but will not do that either. He is worth about 70 million dollars but he will not return to me the money that belongs to me. This is a true story of fraud, coercion, misrepresentation, and bad faith. I am still waiting for my money.
- Sean C. Mascarenhas
