Take action against CIBIL AND BLACK LIST THE ORGANISATION.

Sunday 17 August 2014

Take action against CIBIL AND BLACK LIST THE ORGANISATION.

Ref: MSS-Banks-Ceo/7 August 17^th 2014

By Mail

The Chairman/Managing Director

Ch Vigilance Officer

M/s- State Bank of India/Indian Overseas Bank/Bank of Baroda

ICICI-HO.

Namashkar

Vande Mataram

Cc:PM/Ministry of Finance/Law/Home/CVC-CBI//CLB/SEBI/FBI(USA)/NCW/Ministry for Social Justice

Please read Caution notice at the EOL

Sub: Why No Action has been taken against CIBIL/Transunion

It is said "Every Action has equal and opposite Reaction". Why the following- Because your/their Inaction is the cause of Reaction- the words below speak volumes- If Achey Din has to Come Every Indian has to Assert their Right and Demand Quality- and what does " Clean India means- Cleanliness in every Sphere. Some of you like ICICI do not give the MD email id- which defies Corportate Governance and derails eGovernance. When in Public one has to face the Criticism of various degrees- not just attend inaugural functions etc and get Publicity.

HAD I BEEN FROM MINORITY COMMUNITY- TIMESNOW-IBN-NEWS-X-HEADLINESTODAY- NDTV-IBN would have Gone Hammer and Tong!!!!!

If CIBIL/Transunion wants to earn profit thru dubious means they can go to countries where quick profit can be earned. This is Free India and Not East India Company. Just see their Gradual change in the Pattern of Shareholding changing and now Transunion owns 55% of CIBIL- phased Back door entry.

If you have earned and I am sure You have earned the Dividends from the Company which has earned by showing fictitious outstandings in various accounts {I know my friend who has nothing owing to HDFC Bank is showing an outstanding for over Rs Five lacs ( as alleged by him)- many of the cases in the findings are of Private Banks of India}, fraudulent details, forged details- all these are Illegal earninings looted from the People of India by sweet talks ( recently there was an ad by ICICI- Saying Rs 475/- for Credit Reports- Just Because RBI has said Report cost should not exceed Rs 500/- in their master circular- so keep it within the limits-what a loot ). You all are equally responsible for sharing the loot and projecting the Annual Accounts.

"For GOD SAKE PLEASE HAVE SOME SYMPATHY FOR PEOPLE OF INDIA".

They believe you and do not shake of this belief colluding with Foreign corporates. Donot Treat them Like Dirt and Exploit their Ignorance- JARA SHARAM KARO MERE DOST. Even a Flesh Trader says he has ethics, morals and respect – the society has forced US-WE sell our body not OUR DESH IMAN DHARAM & iZZAT". What is the USE OF QUALIFICATION U HAVE GOT.

You all charge for all expenses and Mind you all the Expenses paid for those so called Customer services expenses are Paid by the Deposit Holders and Share Holders Funds. Now you will be charging for the ATM- Then why people should not charge you for the Lapses- One of You dishonoured a Cheque recently when there was sufficient funds- Why you should not pay Rs 10 Lacs as Damages- instead of trying to be apologytic- It has to be paid.

You all should thank Democracy- had it been a TALIBAN country- you all know the Consequences.

At the Outset I would like to inform the following:

1- I am a Minority Shareholder

2- I am a Senior Citizen

3- I am a Partially Physically Challenged person.

4- I am an Internal Auditor with over 35 yrs experience and know the Secret art of Audit as established by Kautilya's Arthashasthra ( Not the Junk the International Accouting Standard typle)

5- I am ISO 27001 Auditor trained by STQC- who Implemented ISO 27001 in Computer Age Management Services P Ltd to Protect Millions of Investors and Lacs of Crores and was Given Punishment Transferred trying to get the Full facts about Our Colleagues Mysterious Death, Sexual Exploitation of Casusal Data Entry Operators who were asked to come to the House to take their Salaries, EPF problems, Purchase of Computers and DG set etc etc. Corruption is not the Domain of Government Sector alone but the Stink is worse in Private Sector Covered by Old Spice- Juan and Sunk& buried in the Scotch Whisky Glasses in Five Start Hotels inviting the Top "Exe" to delivery Motherly Statements ( which I otherwise call it a RAVE PARTY of different sort).

I will ensure that even if costs me life- Wilfred gets Justice- Exploited women gets justice, I get my salary and award for Implementing ISO 27001 in shortest span of time and EPF statement. The MD may disinvest and take the investors like NSE etc for ride but not honest people. People of the country are cautioned they can never expect any justice from: SEBI/NSDL/ROC/NCW AMFI (I am an AMFI pass- our fees foot their entertainment bill) etc.

Mahila Banks are launched with Men around and 60% of the positions are occupied by Men- Hypocrysy of the worst Kind. In fact all Banks should headed by WOMEN- Because Sri LAKSHMI is the Mother of Wealth- Not Lord Shiva-Lord Vishnu or Lord Brahma. Indian Women have the Power to change the Course of River with their One Stare- Unfortunately this is yet to be realized and Implement-enforced.

My letterhead Speaks volumes. Please Note

Ø I donot have the Money to Throw in Five Star Hotels- where Many are served with Best Scotch Whisky- VAT69- Chivas-Red Label etc.

Ø Do you know how many Indians have been affected by Cibil Virus across the Nation. I have three volumes- Handed over to CVC-CBI- Ministry of Finance-Home-Law ( strengthening eGovernance).

Ø To make it amply clear The Money in Banks belong to the People and Public of India and Shareholders and not grown in the Back Yard.

Ø Do you all know how Women Suffer and are made to run from Pillar to Post in SME Branches- All those stastitics have Ghory Tales Behind- Put on Web Sites. How can a New Entrant will have Past three years Balance Sheets- Ask your Internal Audit Department to Very and Submit a Brief Report. I can make a Harsh statement- but You know our so called Media – NDTV-TIMESNOW-IBN-NEWS-X, HeadlinesToday etc- if they get their Hand on this letter will create a Mountain out o Mole- Instead of RAISING THE CIBIL-TRANSUNION ISSUE and educating the People of India.

Ø It is also found that Fictitious Outstandings shown in CIBIL reports are used as Shield the Real Fraudulent Loans taken to Prepard the "BALANCED SHEETS" to take the SHAREHOLDERS for a Ride- Why all these days IDBI-KFA, Syndicate Bank nexus was not known the The Bank- Internal Audit Deptt?????? What a Joke. There is no Internal Audit Depart worth its salt.

Now coming to Main Points:

A- Do you know how many people across the Nation has suffered and exploited by CIBIL-Transunion?

B- Do you know the Deficiencies in the Software?

C- Are you sure that CIBIL is an ISO 27001 certified Company? STQC –GOI department says – it has not certified or given any certificate. If at all they are certified- Have you checked and why Government has not been involed thru STQC?

D- If it an ISO 27001 How many ISO specified Audit report has been generated for the So called Errors eg:

Ø Incident Report

Ø Risk analysis

Ø Event Log

Ø Trail

Ø Back end Reports

Ø IDS reports

Ø Audit Proceedure and check lists.

Ø Etc etc etc

Is your Audit and Compliance Department are aware of the ISO 27001 intricasies- AS YOU HAVE INVESTED THE SHAREHOLDERS AND PUBLIC MONEY FOR GETTING A STAKE IN THE CIBIL.

Please note Every Error has to have a Report and Smiles by the Custome department and sweet words will not work.

Please note all these may come up in the Honorable Court. I am sure The present Government will Render SWIFT JUSTICE TO ALL THE AFFECTED PARTY and ensure that People are not Cought in the Cob web of Cases.

This is a National Movement Case.

E- Why have you not asked for Investigation and filed a Case against the CIBIL/Transunion Management.

F- Have You taken up with the RBI?

Please note the List is long and there is A TOTAL FAILURE OF CORPORATED GOVERNANCE- ENFORCING QUALITY- ENFORCING MINORITY SHAREHOLDERS RIGHTS. All the Annual Reports are Incomplete and does not satisfy the Principles of Corporate Governance.

We all know the Big Four controls the ICAI and there is not point Breaking our head with them.

The whole nation knows how people after a Point go up the Ladder to become top Honchos.Other wise why should my Cousin N.Subramaniam- DGM Punjab National Bank be killed in a gruesome accident enroute Pollachi- along with His Wife- Son and Daughter- on the 17^th of DECEMBER 2007!!!!! The Steering is neared than the Dash Board and Rear seat- All of them Die except the Driver- what a Joke. He fought for Principles and I know him.

There fore Please let me know me and demand an explanation as A MINORITY SHAREHOLDER with Regard to CIBIL-TRANSUNION.

In action by you will force any Common Man to Assume that Bribes have been paid

And Hands would have been greased. Relatives must have got Jobs abroad, Admission in Education Institutions etc.

You have to investigate and Render JUSTICE TO ALL THE AFFECTED PEOPLE OF INDIA. Please See What US COURTS HAVE PRONOUNCED- Read and ref attch:

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

If not more atleast $ 7 Billion dollar plus will be due from CIBIL/TRANSUNION.

All the Affected Party Must Get Minimum One Crores- Please ref the Act with regard to such Matters.

In case you donot file a Case and commence Investigation proceedings you are trying to derail the Programs declared by the Government of India.

Take action against CIBIL AND BLACK LIST THE ORGANISATION.

CAUTION NOTICE

I know there will be attempts and attack my Family Members- Please note SWAYAMSEVAKS ARE MADE OF STEEL having PANCHBHOOTAM IN IT- AND THEY EXPOSE FRAUDS/FIGHT ILLS OF THE SOCIETY – BECAUSE SHAKAS ARE EVERY WHERE AND EVERY FORM.

Look before you leap.

This sort of Looting is Nothing short of Human Rights Voilation and Voilation of Constitution of India.

There fore please do the Needfull

Namashkar

Vande Mataram

MSSUBRAMANIAM

Ref Attch

E& O.E

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Attachment(s) from Ms Subramaniam | View attachments on the web

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