I, Usama Memon being the Legal Manager of BranchX India Private Limited do hereby submit this clarification and intimation which is related to the ongoing investigation based on the Online Complaint against Account No. 922020031676532 which is a result of rotation of funds through different accounts. 1. I do hereby state that we have complied with all the requirements of the concerned officer and provided all the necessary documents pertaining to Company transactions and authenticity. 2. All documents pertaining to the disputed transactions are provided for reference along with KYC documents and Transaction proof. 3. It is hereby stated that BranchX India Private Limited along with its Associates are not involved in any fraudulent activities hence all documents pertaining to the said disputed transactions are provided for the said Investigation. 4. We along with our associates are ready and willing to comply with the requirements of the Investigating Officer as and when required, complying to which all documents and evidence are submitted for your reference. 5. It is also important to note that there has been no wrong doing or illegal/ unethical activity concluded by the Company or the Associate in any manner and the source of fund through which the disputed amount was rotated has already been submitted on record. 6. There is no mala-fide intent in the said compliance nor there is any dispute or obstruction towards Investigation concluded by the concerned Officer. 7. It is important to note that the Bank Account of the Company and the Rotating Banks have been freezed for amounts which are not even in dispute nor there are any pending complaints as on date, which are liable to be de-freezed as the disputed amount on which the Complaint is raised is liable to be charged but the remaining amount be released for trade and the Bank Account should be made available for use. Hence considering the above facts and circumstances based on the documentary evidence I request the Investigating Officer to release the Bank Account which is freezed/ charged and the balance amount other than the disputed amount raised in the Complaint are available for use. We, further, in our bona-fide are providing all the requisite information available with us regarding the accused person and this transaction, to assist in this investigation.
Yours Faithfully,
Usama Memon Legal Manager BranchX India Private Limited
ENCL:
The details of the Transaction of the Fraudulent Party who is the
