Aliens Space station Customer Funds Invested in Other Projects


Diversion of Funds
Investors advance funds has been diverted to Aliens sister companies and to other unknown sources and didn’t mentioned in their balance sheets also.

Appeal
 Many customers who booked the flats have taken loans from various banks and are paying their EMIs. All of them are finding it extremely difficult to pay the rent and a high EMI towards nothing. There is no progress in sight and there are rumours that builder has already decided not to do phase 2 and 3 at all. Please note that phase 2 was scheduled to be completed by mid 2012 and phase 3 by mid 2013. At one point there were about 1400 customers. After generating such a huge initial payment of Rs 300 crore or higher, the builder has chosen to make very little progress. Evidently they have diverted the funds to other areas and acquired huge pieces of land elsewhere.
The builders are threatening and bullying the customers and have also challenged many to do what they can. The builders first identified soft targets of customers from IT industry and then targeted customers in other cities and are now targeting customers from overseas.
Builders like Aliens Group are a shame to the society. They have trapped many simple and innocent citizens with fancy presentations and false promises. The customers have poured their lifetime’s savings for their dream house and the builders have spent the money on their own lifestyle. The builders stay in posh houses, own imported cars, wine and dine in exquisite hotels and go holidaying to exotic locations.

Builders like Aliens Group have exploited many loopholes in the existing laws and broken quite a few laws as well. Such builders bring bad name to the city and the state. And now that they are targeting foreigners, they will dupe them bringing bad name to the country as well. We appeal you humbly to address this problem as soon as possible before it takes a more monstrous shape. We request you to initiate a probe against the builder, do a forensic audit of their accounts to discover to which other scams they have diverted the money from Space Station project to. We also appeal to you to either award the project to a reputed builder which can take the project and give some respite to the shattered hopes of the customers.

 Most customers have paid their initial and later payments on time, are paying rent and EMI and have lost an opportunity to buy a house at the rates existing several years ago. For absolutely no fault of the customers, they have lost a significant part of their life and opportunity. It is my earnest appeal to initiate a probe into this big fraud being committed by Aliens Group and find a means by which hundreds of wailing customers can be given justice. I also request you to invoke the right laws to punish the guilty so that they do not scheme to cheat other citizens in the future.

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