I am an investor from Ahmedabad of Gujarat State. I had invested in Stock Guru India after being convinced by a good friend of mine that this company has been in stable business for the last 10 years. I after investing the money got a promissory note as well as the membership no. I even got the first month return which was re-mitted into my account directly. But in the month of Feb. 2011 i came to understand that some fraud had taken place and to authenticate all the account holders lot of their details were asked to be produced, which i did. Later i came to understand that the office of Stock Guru India in Delhi has been raided by I.T. department for some mis doings. And since then there has been no communication or the returns that were promised has also not been coming.
Is this a big FRAUD or is this a temporary problem which has occurred. We wish to understand. If this is a fraud then all investors will start crying for not getting the returns. Hope it is not like that.