Warning: Serious Issues with CLN Finance Inc. and Raj Babber
I refinanced my home through CLN Mortgages under the guidance of Raj Babber, who acted as my mortgage agent. Following his advice, I entered into 2 Investor Agreements for a significant amount of money, assured that it was a secure investment with an interest rate of 8% per month.
However, as of February 2024, CLN Investment has defaulted on its obligations under these agreements, failing to provide the required monthly interest payments. This default remains unresolved. Furthermore, it has come to my attention that Raj Babber and CLN Investments Inc are facing multiple lawsuits of a similar nature, indicating a troubling pattern.
The mortgage broker's actions constitute a clear breach of contract, and CLN Investment/ Development Inc. appears to be in severe legal and financial distress. This experience has been incredibly disappointing and serves as a cautionary tale for anyone considering working with this company.
I strongly advise against investing with CLN Investments Inc. It is crucial to conduct thorough due diligence and explore safer investment alternatives before committing your hard-earned money.
I have already contacted the media, and will be filing a formal complaint with the Financial Services Regulatory Authority (FSRA). If you have experienced similar issues, I encourage you to take action and report your concerns.
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