REO Capital Prepares Legal Action Aganist Redclays Capital Breach of Contract
Redclays Capital, a Private Equity firm in India, has agreed and signed a Contract with REO Capital, to raise $100 Million dollars for the Redclays Private Equity India Fund
by john denes Tuesday, March 12, 2013
Srini Chakwal, the CEO of Redclays Capital, a Private Equity firm in India, has agreed and signed a Contract with REO Capital, a Capital Introduction Firm to raise $100 Million dollars for the Redclays Private Equity India Fund and agreed to pay REO Capital $420,000 in Retaining Fees plus a 2% Success Fee that equals $2,000,000 for a total fee of $2,420,000 in order to have REO Capital bring Institutional Clients into the Redclays Capital Private Equity Fund which invests in lower to middle market companies in India on February 7th, 2013.
On February 15th, 2013 Srini Chakwal of Redclays Capital agreed to wire transfer the required Fees for the Contract with REO Capital regarding the Capital Raise on his PE fund. By February 26th, 2013 Srini Chakwal of Redclays Capital had "Breached the Contract" with REO Capital by failing to abide by the terms of the REO Capital Contract! As of March 7th, 2013 Redcalys Capital has not abided by any part of the REO Capital Contract signed and agreed upon with REO Capital, LLC.
If Legal Action is required by REO Capital, LLC to be filed in India which is Redclays Capital Headquarters, as well as California where Redclays employs representatives, our firm is prepared to move forward legally.
For Institutional investors considering Investing in Redclays Capital Private Equity Fund, be aware when conducting your Due Diligence on Redclays Capital that the firm is in Default of the REO Capital Contract and has Breached the Contract and thus Legal Proceedings are pending!!! These Legal Proceedings clearly demonstrates a lack of professionalism, credibility & ethics that Institutional Investors should consider before Investing in this Redclays Capital Private Equity India Fund. This Breach of Contract with REO Capital does not institute Trust with Investors in the fund! If Redclays Capital can not honor the contract terms of the Capital Raising firm that brings institutional investors into the fund, then it is doubtful whether Redclays Capital can ethically manage the investment capital in the India fund over a 5 year period? "Caveat Emptor"
REO Capital, LLC
johndenes at reocapitalllc.com
Prior to Starting REO Capital, John was the Chief Development Officer of a Leading Technology company where he ran the Private Equity Department for the firm. John was also with a Clean Tech Private Equity firm where he was the Director of Capital Development raising capital from Institutional Investors for their Biofuels funds. John also served as a VP of Institutions for a Global Macro Long Short Hedge Fund. John is also the Managing Partner of DeBere Partners US operations and jointly manages the company''s fundraising and investment business with a joint venture betweens firms. John has been personally involved in raising capital for various projects with institutional investors for the past 13 years. John was a Quantitative Portfolio Manager at Prudential Securities and was a frequent speaker at various colleges for the "Fundamental & Technical Analysis of Equities". John graduated from the Harvard of Aviation - Embry Riddle Aeronautical University in Daytona Beach, Florida with honors and recieved his Bachelors of Science in Aeronautical Studies. Later went on to recieve his MBA in Finance.
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