Sterling Tree Magnum’s earns a 2.0-star rating from 29 reviews, showing that the majority of landscaping clients are somewhat dissatisfied with tree care services.
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Dear Sir
With much hope as per the advertisement of Sterling Tree Magnum, I purchased 11 trees vide Certificate No. Q 3175 and I paid for it Rs.20, 000. The Company took Crores of rupees from different investors and now enjoying with this vast amount. The company is shifting its office very frequently within Chhenai territory and all of its site offices are vanished. The Company is now not replying to our letters and not returning our invested money atleast. We are really astonished for this fraud executed by such a reputed organisation. Please help us on the matter as through me around 50 investors invested their money and they now headache for me. Thanking you...A.K.Das
No returns
i have invested in 27 trees in 1996. i have written many letters to know about my investment and when i would i get my it back but there is no reply. so please inform me how to approach further.
The complaint has been investigated and resolved to the customer’s satisfaction.
I got my 40 tree investment back through a powerful advocate from chennai within 47 days and my circle here in bangalore(25 + persons) also got their investments back.
Sundar
sundaremperor@gmail.com
Non payment of returns promised
i had purchased 15 trees under the scheme child millionaie teakquity under application number G 171872. Certificate No. B2202 was allotted to me in my name - Murthy Ramkrishna. Till date i have not received any returns as promised. There is no communication at all. I have changed my residence to A-1102 Ankur, Goregoan Malad Link Road, Goregoan West, Mumbai - 400102. I expecgt some reply about the status of my investment.
Murthy Ramkrishna
The complaint has been investigated and resolved to the customer’s satisfaction.
I got my 40 tree investment back through a powerful advocate from chennai within 47 days and my circle here in bangalore(25 + persons) also got their investments back.
Sundar
sundaremperor@gmail.com
bangalore
iam also bought two trees in stm. my mail id is iamysr@gmail.com
Hi, Plz join sterling tree magnum group @ orkut.com
This group is created to assemble all STM investor in one place ; for effective action.
About teak tree investment
I have purchased teak trees about 15 years back. Recently, i tried to contact the company on phone but no any gave us positive reply or even a reply to any of our correspondence. Please help us get in touch with the right people for the same as all my investments are held with them.
No interim returns received from the company after completing the 6 & 12 years.
No Interim Returns received from the company after compleating the 6 & 12 years.
Date : 29.07.2009
To,
Sterling Tree Magnum (India) Limited
No.5 41 st Street, 6th Avenue
Ashok Nagar, Chennai-600083
TelNo. 3700639 /3700640
Reference : Certificate No. K36251 issued in the name of Mahipal M. Sancheti, Pune, for the No. of one (One Teak trees Value Rs. 1775
Date of Joining: 15.12.1995, Date of Maturity: 14.12.2015
Dear Sir,
This is to inform you that I had invested Rs. 1775.00 against the cost of 1( one ) Teak trees planted at Khurania Plantation in Khurania villege, Sehore district.
As per the Teakquity Certificate given by you the first Interim returns Rs. 1575 due on 14.12.2001 and Second Interim returns Rs. 6500.00 due on 14.12.2007 under plan “E”.
I am very sorry to inform you that we could not get the first & second interim returns / payment total Rs. 8075.00 on the due dates.
I also wrote aletter to compony address on 23.04.2002 but no response.
Yours Faithfully,
Mahipal Sancheti
[protected]
The complaint has been investigated and resolved to the customer’s satisfaction.
I am having the same problem against my certicicate no. A160019. Please find out how can we get the principal return.
Jayant
[protected]
Cheating case against teak tree selling
I had purchased 5 trees against Sterling Tree Magnum project of teak plantations in Chenni through their office in Delhi in the year 1992. They had asked me to send my original documents to Chennai office to release my money, accordingly I had sent the original documents to them. But they did not release the money till date.
The complaint has been investigated and resolved to the customer’s satisfaction.
This is in regard to the teak trees purchased by me.
I had invested in 2 sterling plantations:
Number 1:
No of trees: 20 Teak units
Date: 24/12/1994 into KANAVAIPATTI PLANTATION IN PERIAKULAM REGISTRATION DISTRICT, MADURAI DISTRICT plantation.
Maturity Date: 23/12/2014
Application No.G120946
certificate No.A3424
Number 2:
No of trees: 11 Teak units
Date: 15/09/1993 into PANAGUDI PLANTATION IN PARIVIRISURIAN VILAGE, RADHAPURAM TALUK, TIRUNELVELI DISTRICT plantation.
Maturity Date : 14/09/2013
Application No. T 19657
certificate No.L1601
You had offered me Rs 14, 40000/-(fourteen lakhs forty thousand) and the maturity date has already crossed.
In addition you had assured interim returns .
But till the date you had not given me single payment.
In this circumstance kindly settle the entire amount including interim returns.
What should be my next course of action on this. Can somebody help me.
G. CHANDRAMOULEE
21, Narasimapuram,
Middle Street,
Karur, TN. PH : [protected]
I got my 40 tree investment back through a powerful advocate from chennai within 47 days and my circle here in bangalore(25 + persons) also got their investments back.
Sundar
sundaremperor@gmail.com
i"m also cheated by this company... so if any inform me about the address of bengaluru branch...
Purchase of teak trees
I have purchased 60 teak trees about 15 yrs back. I have sent several emails and letters to the Sterling Tree Magnum, Chennai office. but there has been no reply.
Recently, we tried to contact the company on phone through the Sterling Holidays, Mumbai. We spoke to one lady in Chennai office, but she never gave us any positive reply or even a reply to any of our correspondence. She has tried to bully us by giving us all false information and all kinds of lame excuses.
Please help us get in touch with the right people for the same as all my investments are held with them.
Hello,
My name is Dinesh Shenoy, I invested in Sterling Tree Magnum in 1993 and purchased 11 trees. Certificate number is L5232 and is already mature. Can you please guide me the process to get my money? Any help is much appreciated and needed. Regards, Dinesh Contact: [protected]
from:
M.MALATHY,
S.6 RAJ BHAVAN,
STAFF QUATERS CH-22,
EMAIL-malathy2190@gmail.com
TO:
CHAIRMAN,
STM (INDIA)LTD
NEW NO.2, VISHWANATHAPURAM 1, ST STREET
CH 24;
SUB:- -REQUEST FOR STM REGARDING TEAK TREES...
SIR;
I HAVE PURCHASED 1 TEAK TREE IN 1992(ABOUT 20 YEARS BACK) .TILL DATE I HAD NOT RECEIVED ANY INFORMATION REGARDING THIER SATATUS.PLE ENSURE ME HOW TO CONTOCT YOU FOR FURTHER DETAILS. SERIAL NUMBER:-012316, CERTIFICATE NUMBER: T12189
THANK YOU
I had bought 2 trees during March 1996, till dte i had not received any information reg thegrowth etc, interm returns arenot paid pl clarify
P Seethalakshmi
application no --R 2788 certificate No I 6415
thanks & regards
STM investors: Check this out - http://www.tn.gov.in/stationeryprinting/gazette/2009/21-II-2.pdf. Pls have this circulated to other aggreived investors.
From:
Ravi Menon
PO Box 5620
ATKINS
Dubai
UAE
E-Mail : Ravimenon54@yahoo.com
To:
Chairman
Sterling Tree Magnum I(India) Limited
New No. 2, Vishwanathapuram, 1st Street
Chennai – 600 024
Sub : ________________________________________________________________
Sir,
I got your mail regarding Option 1 (Disinvestment Option) / Option 2 (Continuity option) very late.
I would like to know the exact current status of certificates belong to me.
Your early response in this respect would be highly appreciated.
Soliciting your reply with interest.
Thanking you,
Ravi Menon
Compromise my foot
This is absolute F*****G BULLS**T . How the hell in the god damn world can anyone dare to call this a compromise. Face value after 15 years + another 5 years. Oh! great. It gets even better with the second option. If the above complainant's calculations are rights, then after another 25-27 years or so, long after my grandparents die of old age, I may, if the company still exists, I just may get peanuts . A fraction of what was promised nearly 15 years back, I'll get after another 25years.
Oh please, I feel sorry for myself for living in such a miserable corrupt nation where rapists, murders & fraudsters like Sterling MD Subramianam are respected and high heeled people. I just feel extremely sorry for the few surviving decent, straight forward people of this sorry god forsaken country called India.
I hope the judiciary reviews this so called "Compromise" and arrives at a true compromise or dissolve the sterling group & auction the assets please and distribute the proceeds.
In 1970's i purchased a bond worth 20k now after decades I come to know they are about to liquidate I tried my best in 2017 to recover my amount but failed now I found my bond again and want to try one last time for my refund I am ready to go to Chennai just need some help to reach their authorities
I purchased 5 trees on 3rd May 1997
No 1st and 2nd interim return received
Maturity Dt was May 2017
No response from company despite many follow ups and calls
I purchased 5 trees
App No G 101539 (Receipt attached)
Got certificate J17881 ( attached )
No response from company after repeated reminders and phone calls
I and my friend invested in STM Tree Equity. We have made several complaints to them with copies to SEBI. They say the matter is in pending in the Madras Court. How many years will it take for the matter to be solved by the Court.? We want our hard earned money back back, which the company has taken. Where has that money gone.? Whoever is the culprit we do not care. That is their headache.
They have to compensate us by any way. They should inform all the investors how they are going to refund us our money. We do not have the money to appoint an advocate and pay him his charges, etc. Please inform us how we should go about this matter. We live in Mumbai. From - Madhuri K. Yadav, Mumbai.
I got my 40 tree investment back through a powerful advocate from chennai within 47 days and my circle here in bangalore(25 + persons) also got their investments back.
Sundar
sundaremperor@gmail.com
To,
The Public Relation Executive,
Sterling Tree Magnum (India) Ltd,
Divyaa,
8 A, Murraya Gate Road,
Alwarpet,
Chennai-600018 4.4.11
Sub- Payment of Dues
Dear Sir,
This is to inform you that I had bought 3 GT Voucher No-1918-20 vide application No- R 117408 paid DD No-B-601730 dated 9.6.96 drawn on Madras for Rs 5325/ favoring STM STM/GT reference No HO/GT/414 Executive code HO MDR 103.
Sir, I was supposed to receive my dues of first installment in June 2001, but I have received no communication till date despite many reminders.
You are requested to kindly pay my all dues till date immediately otherwise I will be forced to go to court of law/press.
Anticipating an early reply and payment please.
Thanking You.
Yours faithfully,
(Dr. PARAM HANS MISHRA)
MBBS, PGDHHM, PGDIM,
MHA (AIIMS), DNB (H & A H )
Dean cum Administrator.
Indian Spinal Injuries Centre,
Vasant Kunj,
New Delhi-110070
[protected], [protected], [protected] (F)
Email-drphmishra@rediffmail.com, paramhansmishra@yahoo.com
www.isiconline.org
Residence-12 A Citizen Enclave, Sec 14 Extn, Rohini, Delhi-110085, India
[protected] (Delhi), ® 91 -11 [protected]
drphmishra@rediffmail.com
After having suffered silently at the hands of STM, I am left with only one option... CURSE ON MD OF STM...
He has taken our hard earned money... his children will not be able to live peacefully------- my curse is on them.
Can anyone advice me, regarding ways to deal with the STM Fraud?
Can anyone guide me, as to what has TN Govt done about STM Fiasco?
can someone tell me what's happening on the stm investment
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Sterling Tree Magnum address154, Eldams Rd, Teynampet, Chennai, Tamil Nadu , 600018, India
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My father also invested in Stm..till now no response is recieved..