Sanuj Sunny

BREAKING 🚨 A massive fintech investor crisis is unfolding in India. Two FIRs have now been registered from Varthur, Bengaluru against MobiKwik Xtra & Lendbox (Transactree) over allegations of blocked investor funds, misleading investment claims, and irregularities in the P2P lending structure. Thousands of retail investors across India claim they were sold MobiKwik Xtra as a safe, RBI-regulated, “FD-like” investment product with: • “Withdraw Anytime” • “100% Liquidity” • “No Questions Asked” • “Up to 12–14% Returns” Then suddenly after RBI’s August 2024 P2P changes, withdrawals were frozen overnight. Now investors allege: • ~30%+ avg money still stuck of all investors (How is it possible for all lenders? That much consistency seems totally made up story) • repayment schedules collapsing • borrower data discrepancies • missing transparency • funds allegedly deployed without explicit lender approval Despite this ongoing crisis, another frontend brand “Perannum” continues operating and marketing itself as RBI-regulated — while internally disclaiming that RBI does not guarantee correctness of data or repayment safety. Then what exactly does “RBI regulated” mean for ordinary Indians? How can thousands of investors suffer while the system stays silent? More than 800 affected investors have already united online. Many are retired pensioners, middle-class families, salaried employees and small savers who invested their life savings believing these fintech platforms were trustworthy. Reported figures from the MobiKwik Lendbox community tracker website already show: • ₹26+ crore invested • ₹7.7+ crore outstanding • 500+ registered victims • ~31% average outstanding losses And investors believe the real scale could be far bigger. Cyber complaints, FIRs, legal notices, consumer cases ,EOW complaints and writ petitions are now rapidly increasing across India. At this point people are not only losing money — they are losing faith in India’s financial oversight and justice system. If ordinary citizens cannot be protected from powerful fintech giants using RBI branding, aggressive advertising and hidden risk structures, then what kind of financial system are we building?