Remit2India - Delay and Fraud at R2I
Remittance and customer service
MUMBAI -- My remittance to a 3rd party in India, send through wire transfer at my cost, was held in compliance for a week, cleared, and is now in LIMBO for more than 10 days at R2I! Each attempt to get the funds deposited elicits a new excuse/hurdle from R2I, who in the meantime are most likely utilizing my funds and perhaps exploiting FE fluctuation advantages. Ultimately, I asked them to change the beneficiary and remit the funds to my own account in India. Lots of promises for action, but no deposit yet. Moving my own money to my own account apparently is a very difficult task for R2I.
I am seriously thinking of filing a fraud, harassment, and damages complaint with the bank overseeing authorities here - that would result in an immediate investigation and possible freeze on all R2I transactions in the US.
This post is last attempt (or perhaps cry in the R2I wilderness) to try to get my funds deposited (in my own NRE account in India), before I take a final decision to go ahead and lodge a formal complaint with the FED and State authorities.