Vikas Goel of ESys used sexual abuse to evade angry investors in Teledata, parent company of Esys Singapore

Vikas Goel of Esys involved in many frauds in India, Singapore, Dubai, Europe and USA resorted to spamming Financial Chronicle website with sexual abuses and porn material against the readers of newspaper to stop them discussing issue raised in newspaper. Newspaper has alleged Teledata and Vikas Goel of commiting a BIllion dollor accounting fraud and defrauding SBI Bank for $ 80 million dollors. Rather than come out in open and refute these charges, Vikas Goel openly threaten the investors in teledata for serious consequences on newspaper website.

This shameful act by Vikas Goel has further cemented the belief of investors that he is involved in big financial frauds and responsible for huge losses to Teledata investors along with Teledata promoters. Financial Chronicle seems busy deleting these shameful posts by Vikas Goel self proclaimed business wizard turn out to be Fraud wizard.

Vikas Goel has already been declared person of doubtful character by government agency Foreign Investment Promotion Board (FIPB) in India and other courts in the world have found him involved in following :

a) A court in India has passed judgement against promoter of Esys Vikas Goel and found him indulged in unethical activities causing huge losses to government exchequer. This resulted in resumption of 6 acres of plot by authorities and slapped big fine on Esys as well.

b) A court in Singapore has also found Vikas Goel guilty siphoning of assets from Teledata a public listed company’s subsidiary Esys Singapore to his private ownership in name of his brother Niraj Goel.Niraj Goel is also fighting fraud charges in Dubai for last two years.

The readers and people commenting on the stories published in Financial Chronicle newspaper were spammed with sexual abusive language and porn materials to shut up the people claiming to be investors in Teledata. Financial Chronicle newspaper is financial newspaper launched by one of the biggest publishing group Decan Chronicle in India.

Vikas Goel is angry at the publication for stories published at following weblink:

http://www.mydigitalfc.com/search/node/teledata

Our sources in Esys confirmed that all the abusive comments were in reality of Vikas Goel and he was very fearful of the fact that all his frauds were being made public. First he tried to post comments under the name AAA , AA and Singaporean saying that these comments are being made by the people who have personal animosity with him and these people are involved in embezzlement and other criminal activities. When questioned that why he is not answering the issues raised on the Financial Chronicle and trying to evade the real issue of frauds committed by him and his brother Niraj Goel with the help of Teledata, the whole website of FC was filled with sexual abuses under the name of genuine investors.

According to the Teledata/Esys investor forum spokesman in Chennai, sufferers and readers of Financial Chronicle were discussing their legitimate concerns after FC reported chilling story about the frauds committed by promoters of Teledata and Esys. The news paper did a detailed investigative story and after weeks of waiting for reply from two companies published all the facts found in investigation. Even after stories were published the two companies remained silent and denied in one line that contents of the story are not true.

Promoters of Esys and Teledata specially Vikas Goel submitted affidavits with wrong information to courts in Singapore, India and USA to avoid prosecution

Esys and Teledata are in lot of trouble after a group of investors are flogging the regulatory authorities to complain about the ileegal activities of the promoters of two companies. Promoters of both these companies are fighting 100’s of cases in countries like USA, Europe, Dubai and India. Investors group from Chennai in India have got court papers from different countries and after careful study found that promoters of these companies have given different undertaking in different countries on the same issue. But due to separate jusrisdiction and lack of information on part of complainant and courts these guys have been taking advantage of loopholes in legal system. There are few very important issue on which these companies have lied to the courts and public in general around the world. A preliminary look at the copies of court papers obtained by these investors have pointed out the few misleading statement given to the court specially by Vikas Goel who has been winner of many International awards and was blue esys boy of Singapore Government at one point of time . As per lastest information from Esys itself Vikas Goel has surrendered his permanent residency after court in Singapore found Vikas Goel guilty of tranfering assets from Esys Singapore subsidiary of Teledata a public listed company in India to his private ownership.
A major chunk of Esys Singapore subsidiaries (i.e 10 best performing subsidiaries ) were transferred fraudulently by Vikas Goel from Teledata Informatics Ltd, India to Esys Global Holdings Dubai. Esys Global Holding Dubai was incorporated just before the Teledata announced investment of $ 105 million dollors. Surprisingly Teledata continue to show revenue from these subsidiaries in their balance sheets which are unaudited for 2 years. This raise further doubt about the genuineness of investment of Teledata in Esys. It has also been pointed out that how come Vikas Goel was able to transfer these companies to Esys Global Holdings Dubai at first place when the shares of these companies were held at security by State bank Of India for loan of $ 80 million dollors by Teledata for purchase of 51% stake in Esys Singapore.
The major fraudulent statement made by Vikas Goel in different courts of the world from India to USA are as under :
1. Teledata and Vikas Goel of Esys claim investment of $ 105 million dollors in Esys Singapore in their balance sheet for 2006-07 and 2007-08 while they are in India. There is no mention of sale of any subsidiaries after March 31,2007. But In Singapore Vikas Goel in his affidavits claim that deal was for $ 60 million.
2. This raise further suspicion if deal was for 60 million how come SBI granted loan of $ 80 million for purchase of shares. Now it has been found out that a duplicate agreement with inflated value was submitted to SBI to raise $ 80 million dollor loan. Further investigations have shown that very senior officers from SBI have been paid substantial bribes including former chairman of SBI. Inspite of bad loan and substantial downgrade of debt of Teledata from ICRA rating agency (subsidiary of Moody’s in India) SBI official are showing no urgency to investigate the matter.
3. Major part ofthe loan from SBI was laundered by Teledata into unrelated accounts and part was paid to Esys. Vikas goel in Singapore says he received only $ 55 million from Teledata whereas Teledata in its balance sheet show full 80 million dollors loan paid to Esys Singapore.
4. Teledata and Vikas Goel claims in India that no Audited balance sheet exist of Esys Singapore. The auditors of Teledata have clearly pointed out this in Teledata balance Sheet 2007-08. Where as Esys Singapore did get audited and audited Balance sheet for year 2006-07 is available with Investors and was submitted to courts in Singapore. The audited balance sheet of Esys for 2006-07 does not show any investment from Teledata.
5. Teledata and Vikas Goel in India claims Esys India as subsidiary of Teledata in its balance sheet 2007-08. Where as Esys Global Dubai owned by Niraj Goel brother of Vikas Goel claims in its balance Sheet Esys India as its subsidiary purchased on April 2, 2008.
6. Very Strangely in another court in India in Chandigarh Esys India has given affidavit that Esys India is not part of Teledata and its deal with Teledata did not go through.Another lie was told to court here to save 6 acres of land allotted to Esys group. After court in its investigation found promoters of Esys India which is Vikas Goel indulged in unethical activities and causing huge loss to government exchequer ruled that allotment of plot be cancelled and substantial fines were imposed. Strangely enough Teledata balance sheet 2007-08 which was sined well after date of judgement still shows ownership of the plot in its balance sheet.
7. In USA when reprimanded by court on another fraud charges by Seagate Vikas Goel gave affidavit that because of threat to his life he cannot travel to USA. But the very next day he was in same city meeting his lawyers about the case and discuss how can he subvert the justice in USA.
These are only few fraudulent statement made by Vikas Goel and Teledata resulting in loss of millions of dollors to investors of Teledata. Teledata share price came down from Rs 94 to Rs 10 well before the recession set in. IT has now also been found out that 95% of the shares owned by teledata management are pledged creating suspicion that another big fraud in offing.