Sterling Tree Magnum India Ltd Refunding my money

I Jawahar lal Mehta purchased two teak tree from Sterling Tree Magnum India Ltd. in Sept.1994 worth rs. 1475/-each vide application no G107299 and certificate no D1382 the maturity date is Sept.2014. No response from this side nor any payment .I sent many correspondence, Email, complaints on this company. His sister concern is Sterling Holidays Resorts. I wrote to this company about this cheating company. They told me that they will pay you rs.40000/- only and closed this chapter. I have not accepting his condition because STM committed Rs.144000/- as per Easy Retirement Teakquity Certificate. Please look into this matter and refunding amount as soon as possible.

Jawahar Lal Mehta
Uttam Nagar, New Delhi

32 Comments

  1. Had a poor experience investing my money; it wasn’t simple for me because I was scammed numerous times. Up until I came across Jeff, a recovery specialist, I had almost totally lost all of my money. He helped me, helped me get my funds refunded, and helped me all around. In just 4 days and with very little work, I was able to reclaim my cash. I’ll give Jeff my utmost respect because he’s sincere and honest on all counts, and he helped me recover what I lost.
    jeffsilbert39 @. gm ail .co m is jeff ma il adress.

    1. I too have invested in 5 trees @1275 and was due for maturity by 2013. My certificate number is E 1234.
      How can I get my returns?

  2. i mehul modi mumbai, we also purchases of teak tree still today not recived any up date pl inform what to do or should we go to court
    mobil no 9821065330

  3. I have one teakquity certificate in my daughter’s name sneha jajodia(minor) vide c. No. K25716. Date of joining 22/04/1996. Date of maturity 21/04/2016. Now as the same was matured on 21stApril, 2016 how can i get my redemption value of teak tree purchased on 22/04/1996?. Please advice on my email id.
    Vinod Rameshwarprasad Jajodia, Akola-444005 M. S.

  4. I have invested 20 teak trees in 1997.

    I tried my best to get d money but no response from their end. How do we go about. I am in a pathetic situation. I invested in my daughter’s name for her marriage purpose . I was depending on d same but company has made me to trash everything and no response from them after several repeated reminders.

    I am retired now and my daughter marriage to b arranged but no money.

  5. Please send me my refunding amount Rs.144000/- with upto date interest from Sterling Tree Magnum as soon as possible. My Application no. G107299 and my Certificate number D1382

    1. PLEASE CONTACT MR.TAPAN KUMAR BEHERA(ADV BHUBANESWAR HC WA-9040085246 STM GROUP AND SENT YOUR CERTIFICATE(COPY)BY MAIL( tkbpol@gmail.com) OR WA 9040085246 EARLIEST IN OR DER TO FIGHDST HC CHENNI/PIL IN SUPREME COURT. MINIMUM REQUIREMENTS OF CERTIFICATE IS 200.

    1. PLEASE CONTACT MR.TAPAN KUMAR BEHERA(ADV BHUBANESWAR HC WA-9040085246 STM GROUP AND SENT YOUR CERTIFICATE(COPY)BY MAIL( tkbpol@gmail.com) OR WA 9040085246 EARLIEST IN OR DER TO FIGHDST HC CHENNI/PIL IN SUPREME COURT. MINIMUM REQUIREMENTS OF CERTIFICATE IS 200.

      1. I have also tried various ways of msgs, calls etc to get my refund back but to no avail.
        Should I try the recovery agent Jeff??
        Thankyou so much for the info.

  6. I have purchased 11 trees and land but no response I also contacted a lawyer jeetandran who said he has got t money for number of people ,I paid him also he said v need to gather lot of people to reopen t case again waiting for his reply his pH no is 9840771024

  7. I am Narayan raj no 9663817040. On dated 1995 purchase i am having bond also.but still not got the money.staying in Bangalore

  8. Hii Dear ,

    I ( Uma Shankar Gupta From Bhopal M.P. ) have purchased 15 Teak Tree in 1996 , now as the same was matured on 2016 , But no any amount paid by this cheater company till date , I have not any idea about company” address nor contact no. . So please help me anyone to get return my money . pl advise me on my mail id usguptasbi@gmail.com or my mobile no. 9425109390 . We are thankful to him .

  9. I have purchased forty one trees. . The number of certificates are N3189(20 trees), J18633(1 tree) and N1874(20 trees) – my and my wife’s names. Prakash Bhatt and Asha Bhatt respectively on 31-3-1997.There is neither any communication nor return of money. Now that we have retired, this fund is very significant for us. Can anyone help?

  10. Hi, I, m Mithilesh Prasad, contact no 8486594352 purchased a teak tree @₹1275, side so far no return money or maturity amount received, many correspondence done but no reply after 2012.plz advise me, whatever action I have to do?

  11. I have purchased 20 Teak wood tree from Sterling Tree Magnum India Ltd in 1995 and was promised maturity on 30/05/2015. I had sent an email on 16 Nov 2021 but no reply has been received as yet. It seems that we have been cheated. We want our amount that was promised at the earliest. Ph 94310 19304

    1. I have purchased 5(Five) No. of trees Reference: Certificate No. P2084 dated 18/06/1996 under scheme ERT Vide application Number A 137446 dated 18/10/1996. full payment 9125/- through STANDARD CHARTERED BANK (CREDIT CARD NO. 4940 7670 1006 4888 on 21/10/1996)
      As per terms and condition with STM they should pay us First Interim return due on 17/10/2002 to be paid by 16/04/2003
      Second Interim returns due on 17/10/2008 to be paid by 16/04/2009
      *THE RETURNS*
      EASY RETIREMENT TEAKQUITY
      End of 6th year Rs. 7875/-
      End of 12th year Rs. 32,500/-
      End of 20th year Rs. 4,87,500/-OR
      Rs. 5281/- Lifetime monthly return after 20 years
      On investment in STM Sterling Tree Magnum (India) Ltd., I lost huge hard earned money.
      Hence, I request to authority kindly released my hard earned money in my old age when I required for survive.
      Mobile No. 9819781497

  12. I had purchased 9 tree and till date we are not getting any date about the refund

    Kindly let us know how do we reach the company as no response is received despite reminder

    Can I request Mr Jawahar from Delhi to email his ID so that we can discuss on the same

  13. This is Selvaraju. I am also one of the victim of this cheat case. My number is 9443480200/ 9445182105.

    Please pass on the latest information in this case.

  14. I HAVE PURCHASED 11 TEAK TREE AGAINST CERTIFICATE NO.Q3971. I HAVE TO RECEIVE THE MATURITY ON 17.11 .2016. YET TO RECEIVE ANY COMMUNICATION.PLEASE HELP TO GET BACK THE REFUND.

  15. I purchased 2 trees one in my first daughter Date of joining 20.2.95 cert no F 3918 appln No K 426745 for Rs 1475 and one for Rs 1775 Cert No K 20016 Appln No P 129515. There is no response from anyone reg refund of maturity amount. I am now retired and settled in Hyderabad. I will be grateful if any one can help.

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