To:
Reserve Bank of India (RBI)
Income Tax Department of India
Financial Regulatory Authorities (USA, UK, EU, Australia, Canada & Others)
Consumer Protection & Financial Crime Investigation Agencies

Subject: Urgent Investigation & Legal Action Against Skydo Technologies Private Limited for Holding Funds & Exploiting Small Businesses

We, the undersigned freelancers, small businesses, and global entrepreneurs, demand an urgent investigation into Skydo Technologies Private Limited (CIN: U72501KA2022PTC1), a payment aggregator allegedly engaged in fraudulent financial activities, including:

✅ Unjustified Fund Withholding
✅ Arbitrary Account Blocking Without Prior Notice
✅ False Compliance Claims to Avoid Payouts
✅ Harassment of Merchants Asking for Their Own Money
✅ Potential Money Laundering & Financial Misconduct

Why This Petition Matters
Skydo Technologies Private Limited operates as a global payment aggregator, helping freelancers and small businesses collect international payments. However, thousands of businesses have reported that Skydo holds their money without reason, blocks accounts after receiving payments, and refuses to provide any legal proof for their actions.

🚨 Victims have lost thousands of dollars due to Skydo’s unethical practices!

Major Allegations Against Skydo
🔴 Skydo is Holding Millions in Merchant Funds Without Explanation

• Small businesses & freelancers depend on timely payments for survival.
• Skydo blocks accounts without warning, causing severe financial losses.

🔴 Fake Compliance Excuses to Avoid Paying Merchants

• Skydo deliberately delays compliance checks until after payments arrive.
• No proof of real violations is provided—only vague excuses.

🔴 No Transparency in Fund Settlement

• Merchants never receive clear explanations of where their money is held.
• Requests for refund status or transaction proof are ignored.

🔴 Abuse of Compliance Policies to Exploit Businesses

• Skydo falsely claims to follow financial regulations while violating merchant rights.
• Why do they suddenly "find compliance issues" only when money is involved?

🔴 Harassment, Ignoring Complaints & Lack of Accountability

• Skydo’s support team refuses to provide legal documentation for blocked accounts.
• Merchants are forced to chase their own hard-earned money.

Legal Violations & Urgent Action Needed

📌 India:

• Reserve Bank of India (RBI) Payment Aggregator Guidelines (2022) – Mandates fair settlements.
• Consumer Protection Act, 2019 – Protects businesses from unfair trade practices.
• Prevention of Money Laundering Act (PMLA), 2002 – Investigates financial misconduct.

📌 United States & Global:

• Financial Regulations Against Fund Misappropriation & Fraud
  Consumer Rights Protections Against Payment Aggregators

Our Demands
We urge the RBI, Income Tax Department, and Global Financial Authorities to take strict action against Skydo Technologies Private Limited (CIN: U72501KA2022PTC1) by:

Launching a full investigation into Skydo’s fund handling & financial practices.

• Ordering Skydo to immediately release all unlawfully held payments.
• Imposing penalties for any violations of financial regulations.
• Initiating legal action if Skydo is found guilty of misconduct.
• Issuing a public warning to businesses against using Skydo.

Take Action – Sign This Petition!
If you or someone you know has been affected by Skydo, sign this petition and spread awareness. We must protect freelancers, startups, and small businesses from such financial exploitation!

🚨 #FraudSkydo #SkydoScam #StopPaymentFraud #ProtectSmallBusinesses 🚨