12-05-2013, 08:36 PM
I think its time we realize that we have been part of sunfeast scam. They requested everyone to wait till 15th and I am very sure soon we will get another date. There is no way for them to get back operational again as UAE labor law doesn't allow outsourcing work the way they were doing. Few points to consider
1: Illegal software trading (they had license for data entry services and not for outsourcing data entry work). The punishment for this type of offense itself is 2-3 years in jail.
2: UAE labor law doesn't allow outsourcing work the way they were doing. There is no concept of part time jobs here in UAE and we all are well aware of that.
3: Economic department doesn't issue any license that will allow sunfeast to be operational again the way they were before. No such trade/business activity exists that allows company to take investment from client and offer them work or hire them as outsource worker.
4: Other than Jamal all sunfeast staff was either on husband visa or visit visa. This is also considered as a serious crime and can result in company trade license cancellation which is very much on cards for sunfeast considering all other violations with it.
5: All the people who have done research and think sunfeast isn't scam, I would request them to share their knowledge and atleast let us know 2-3 other companies doing business on the same model.
I have 150k investment with them but will be at 50k loss as I have recovered 100k form them in the form of payment. Right from day 1 when we investment I am sure most of us had this situation in mind that sunfeast might run away but we all took the chance thinking its a matter of 2 month risk and from there onwards profit . Although sunfeast didn't had any plan to run away in near future but that day would have come for sure sooner or later. We are lucky they got caught because of their internal issue. Now they can't leave country without paying back all the investors or remain in jail. Even if they pay back the investors, owners Raj & Kumar will get 2-3 years imprisonment for all the illegal activities plus fine. Like you all I hope they have enough money with them to pay us back our investment at least but chances don't look that good considering they haven't been able to get bail in 2 weeks.
If we still trust Radhai and other sunfeast staff then we are just giving them a chance to fool us again. The staff is just trying to clear themselves from the case so they don't get into any trouble because of Raj & Kumar mess.
I don't think other than Raj, Kumar, Radhai and Priyanka anyone knew whats going on. Case is with authorities so lets hope we people at least get our investment back. Don't expect sunfeast to be operational again (you can take legal opinion on this from a good lawyer or economic department if they issue license for part time jobs for any business activity).
Being optimistic is a good thing but being realistic is much better.
1: Illegal software trading (they had license for data entry services and not for outsourcing data entry work). The punishment for this type of offense itself is 2-3 years in jail.
2: UAE labor law doesn't allow outsourcing work the way they were doing. There is no concept of part time jobs here in UAE and we all are well aware of that.
3: Economic department doesn't issue any license that will allow sunfeast to be operational again the way they were before. No such trade/business activity exists that allows company to take investment from client and offer them work or hire them as outsource worker.
4: Other than Jamal all sunfeast staff was either on husband visa or visit visa. This is also considered as a serious crime and can result in company trade license cancellation which is very much on cards for sunfeast considering all other violations with it.
5: All the people who have done research and think sunfeast isn't scam, I would request them to share their knowledge and atleast let us know 2-3 other companies doing business on the same model.
I have 150k investment with them but will be at 50k loss as I have recovered 100k form them in the form of payment. Right from day 1 when we investment I am sure most of us had this situation in mind that sunfeast might run away but we all took the chance thinking its a matter of 2 month risk and from there onwards profit . Although sunfeast didn't had any plan to run away in near future but that day would have come for sure sooner or later. We are lucky they got caught because of their internal issue. Now they can't leave country without paying back all the investors or remain in jail. Even if they pay back the investors, owners Raj & Kumar will get 2-3 years imprisonment for all the illegal activities plus fine. Like you all I hope they have enough money with them to pay us back our investment at least but chances don't look that good considering they haven't been able to get bail in 2 weeks.
If we still trust Radhai and other sunfeast staff then we are just giving them a chance to fool us again. The staff is just trying to clear themselves from the case so they don't get into any trouble because of Raj & Kumar mess.
I don't think other than Raj, Kumar, Radhai and Priyanka anyone knew whats going on. Case is with authorities so lets hope we people at least get our investment back. Don't expect sunfeast to be operational again (you can take legal opinion on this from a good lawyer or economic department if they issue license for part time jobs for any business activity).
Being optimistic is a good thing but being realistic is much better.