Southern Online Biothechnologies SBT

Southern Online Biothechnologies SBT

Buyer’s Nationality:
United Kingdom

Southern Online Biothechnologies SBT

Seller Website:

Seller Address:
.No 8-3-833/173, Kamalapuri Colony, Phase-II, , Hyderabad-500 073, Telangana, 500 073, Telangana, 500 073, India

Initial contact with the supplier:
Introduced by a 3rd party

Type of product(s) being purchased:
Financing used cooking oil

Value of the Purchase Order when the incident occurred:
100,000 to 1,000,000 USD

Destination market of order in question:
Western Europe

Type of Complaint(s):
contract violations,

Stage of relationship with the supplier at the time of the incident:
More than 10 orders had been placed with this supplier when the incident occured

User Experience:
I have been trading in Financial markets for over 25 years and commodities for 5 years . I have been trading in the relevant product used cooking oïl since 2012 and started with SBT , doing trade finance. SBT Relationship ended when we retrieve all orders and investments . The balance was never paid and final statement never issued. Partial payment have been received by 3rd party ( Mr Dittakavi ) and despite many texts , emails and correspondence , we are still waiting balance and final statement .
Now its enough…

User Recommendations:
Please , before making investment in physical commodities , make a deep due diligence and never pay any orders upfront , or on proforma, but only CAD or COD. Also never trust anyone, anyone, anyone.


0 comments on “Southern Online Biothechnologies SBT

Leave a Reply