Thursday, December 10, 2009

Welcome to our crooked world !

Hi ! Welcome to the world of the cheated investor. Let me say that this is hopefully the first of
many blogs to follow. This will be not because I have an overwhelming desire to blog but because the crooks out there who try to 'part the fool from his money' are so many that they will keep the desire and need to create such a blog alive.

This first blog is for those investors who invested in the Osian's Art Fund in 2006 and feel cheated by the way in which Neville Tuli has behaved. He has not only illegally delayed returning our initial capital for five months but has even now only returned 85% of it. This way he has held on to 15% of the initial capital and 7% of the appreciation.

He hides behind some excuse of delay in arriving an audited NAV but it has become clear that he has no intention of being transparent in spite of his loud protestations.

Let those of us who get together here at least start the process of identifying each other so that he is not able to take advantage of the fact that we are all alone in this battle against him. I would request that only those who invested in this fund write on this blog for now. More cheatedinvestor.... blogs will follow !!!!

Pankaj Butalia