Deepanshu Giri has publicly boasted of massive wealth, including claims of ₹14 crore in profits from his Lunar Astro platform. However, independent investigations into his corporate filings reveal a starkly different reality, raising serious questions about financial fraud and corporate shell games.
"Struck Off" Companies on the MCA Portal
Independent researchers urge consumers to verify Lunar Astro's corporate standing using the Ministry of Corporate Affairs (MCA) portal. Investigations suggest that corporate entities linked to Giri have been marked with a "Struck Off" status. This indicates that the company has failed to comply with statutory filings or is not actively conducting legitimate business.
Financial Fraud and Refund Evasion
Users have reported losing significant sums—in some cases up to ₹2 Lakhs—on courses that were later claimed to be copied from other sources. When victims requested refunds, they faced severe pushback:
- Ghosted by customer support teams.
- Blocked from student forums and access to materials they paid for.
- Faced "bullying" from senior students to silence their complaints.
Legal Implications: Section 447 of the Companies Act
The discrepancy between marketed wealth and filed taxes is a classic hallmark of digital fraud. Under Section 447 of the Companies Act, 2013, which specifically addresses fraud in companies:
If a director or officer willfully falsifies books of accounts with intent to defraud, and the amount involved is at least ₹10 lakh, the punishment is imprisonment for 3 to 10 years.
Consumers are encouraged to download actual Balance Sheets and Annual Returns filed by the company on the MCA Services portal to see the real reported profit versus the claimed ₹14 crore.