Subject:- Mr. K.D. Singh (M.P.), CMD Alchemist Group.

Respected Sir,

We the residents of Chandigarh want to bring to your kind attention the following facts regarding the illegal activities of Alchemist Group (Initially Toubro Industries Ltd.)

1. In the year 1987-88, Mr.K.D. Singh was a small type of vendor dealing in steel wires. His firm under the name of M/s Shakti Weld Mesh Pvt. Ltd., in which he was partner and later on left the company.

2. Then he put another unit under the name of M/s Toubro Industries Pvt. Ltd, a small scale factory to manufacture Weld-mesh used in construction of buildings and poultry farms. He was hand to mouth in the business and always tight of funds in his business.

3. Later in the year 1993-94, he floated one company Toubro Floricultural Ltd. to produce Rose buds to export. He came out with public issue and collected crores and started doing inside trading of company shares in the Bombay Stock Exchange. He took the company shares to a very high value and made money by illegal activity. He also made huge profit/amount by getting the shares purchased by big companies and banks.

4. Then he started buying Benami properties in several states.

5. In the year 1995-96, he floated Chit Fund companies under the name of Toubro Group and started its operation in the states of West Bengal, Orissa, Assam, Bihar and Eastern Uttar Pardesh.

6. He used to employ commission agents in those states and lured them to collect the funds under Chit Fund Scheme with false assurances that if any investment is made in his company he will repay the amount invested, 10 times of investment made, in next 10 years.

7. He started getting lot of amount through commission agents from the poor & illiterate people from the above states.

8. He used to pay under hand commission to the commission agents, who used to collect amounts from poor and illiterate, to the extent of 25% to 40%.

9. He used to visit state capitals and throw parties to the commission agents in 5 star hotels.

10.He collected 1000 of crores and started doing illegal share trading & buying illegal properties in states.

11.Then in the year 2001, the West Bengal Vigilance Police got complaints about his such activities and issued Non Bailable Arrest Warrants against him and raided his offices in all the states.

12. He ran away from India and flew to America and remained under ground for long time until some how he got his criminal cases cleared by paying huge amounts as bribe.

13.All his such activities were published in Chandigarh Hindi Danik Tribune on dates 17/06/2001, 19/06/2001 and 20/06/2001.

14.Then he floated one company Toubro InfoTech Ltd. and started false and illegal activities of Export & Import of Hard and Soft Ware through which he used to send big amount through Havala to America where his brothers used to buy properties from that illegal money.

15. By this time the Toubro Group of Companies had made 1000’s of crores and every body came to know about company illegal activities and as such the company under the reputation under the name of Toubro had gone down.

16.Then Mr. K. D. Singh floated new company under the name of Alchemist Group and merged his Toubro Group into the new floated company.

17.Then after few years he again started a company named Alchemist Infra Realty & Alchemist Holdings and few others through which they again started the same chit fund business which they used to do it earlier and started collecting huge amount of money on false promises.

18.He also got allotted a big plot of land in Chandigarh I.T. Park where he did nothing but used to do illegal activity.

19.Alchemist Group have also purchased many other Benami lands and properties in Himachal. One such case is that he has purchased property from M/s Sneh Enterprises Ltd., at Solan, Kufri Resort at Kufri.

20.We have also come to know through news papers that M/s Alchemist who have purchased Benami Land in Himachal Pardesh. What he did that he purchased the land in Himachal in name of some Himachali and transferred the purchase amount in sellers bank accounts from his company M/s Alchemist, which has now been identified by the Revenue Department of Himachal Pardesh.

21.Now Alchemist Group is contacting some middleman of The Revenue Minister of Himachal Pardesh to get the illegal purchase rectified to be legal by paying huge amount of Rs.10 Cr. to the Revenue Minister through his contact man.

22.His all companies are under the lens of Govt. Departments under scrutiny by the SFIO, SEBI and CBI.

23.Recently, SEBI has ordered Alchemist and its directors to refund more than Rs.1000 Cr. within Three Months to investors from whom Alchemist Group have collected 1000 of crores of money on the false assurances that if public will invest in the company they will get plots and double/triple the money invested by them, whereas the company do not hold any such properties for allotment of plots.

24. But Alchemist approached the SAT and with his political and Money Power influence, Mr. K.D. Singh got changed the SEBI orders to refund the unauthorized collection of funds in Three Months to that in 18 months from SAT, which means that Mr. K.D. Singh and his company Alchemist will enjoy the funds for a further period of 18 months.

25.Also many times SEBI has debarred Alchemist and its directors not to indulge in such activities but Alchemist Group headed by Mr. K.D. Singh do not adhere to such orders but even today the company doing all such illegal activities.

26. CBI is also investigating the Cash For Vote case for his election to The Rajya Sabha from Jharkhand (Later on Mr. K. D. Singh shifted to Trinamool Congress Party). All the MLAs who have casted their vote for cash and have been identified, interrogated and their bank accounts have been searched/seized, where they had deposited the amount taken by them.

27. Alchemist Group has also purchased Tea Estates in Assam and West Bengal from the illegal money collected from the Poor & Illiterate peoples who thought that they will get their money multiplied many times.

28. Alchemist Group have also purchased Benami lands in Haryana, Madhya Pardesh, Rajasthan, Orissa, Bihar.

29. Alchemist Group was raided by Income Tax Department and huge unaccounted money and Benami properties were found from his companies. He surrendered only Rs.22 Crores to the Income Tax department whereas Alchemist Group owns 1000’s of crores of unaccounted money & properties.

30. The Alchemist Group owned by Mr. K. D. Singh is a fraud. He has many companies in which he will never represent him-self nor sign any papers on behalf of the companies. He floats companies with his employees as directors so that in any case against his companies, he him-self is not involved.

31. Recently, the Enforcement Directorate & CBI has found that Mr.K.D. Singh one company in Dubai where he was Vice Chairman of the company got Hawala money from Shardha Chit Fund owned by Sudipto Sen in West Bengal.

32. May we request to your good-self that some High Level enquiry should be started against his illegal Companies under Alchemist Group.

33. Sir, if any ordinary person found guilty and involved in such illegal activities, he is imprisoned and not allowed to do all such activities but Mr. K.D. Singh lives like a King, flying in his own Airplanes, having a fleet of 50 luxurious cars such as Porches, Mercedes, Bentley, Rolls Royce, Lamborghini, many Sports cars and etc.

34. In the end we will request you-self to take some serious action against such companies by confiscating their properties made through such illegal actions, so that in future our young generation is not lured to such type of short cuts methods for starting the illegal activities for making their fortunes with these type of illegal money collected from poor and illiterate people who invest their hard earned money.

Hope your-self will look into the matter deeply and would not allow him to go Scot Free for his wrong doings.

Please keep my name and contents of this letter most secret.

Manoj Kumar & other employees of Alchemist Group, Chandigarh