Sep 09, 2015 03:55 PM
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This fraud and cheating is done by M/s Bansal Finstock Pvt Ltd, for amount of Rs. 1, 01000/- trough my trading account wiinstruction to purchase and sell as suggested by R.M.
This way continued up to 18 June(9 trading sessth them,
During first week of June 2015, relationship manager meet me at my home & insisted to open trading account with them & promised that they will do trading on my behalf in future and option and give me assured returns of 4% per month. Accordingly I opened trading A/C by filling necessary forms and and deposited Rs. 101000/- cheque payment on 1 June 2015.
I started receiving calls form relationship manager(R.M.) from 8 June to invest in scrip in F & O & immediately I use to get call from their trading dept to give
ions) and I received S.M.S. on 18 june evening to pay cheque for short of margin money in my A/C of Rs.5790.65 suddenly I realized that all my deposited money has vanished in brokerages and I have been cheated for around Rs.1 lakh.
When I talked to R.M. he gave me explanation that due to bad market, he could not make money as promised but could not explain me why he has traded so vigorously just in 9 trading session and make me loss of Rs.1 lakh as brokerage only? He Just said Galati ho gaya.
It shows this is their regular trick to attract people like me and cheat them ans receive hefty money as brokerage in short time.
As I been cheated I send e-mail to their head office at Bhavnagar explaining situation of wasting my hard earned money of Rs. 1 lakh as mainly brokerage, which is purely fraud and cheating. I received answer back that their Mumbai office will sort out this issue but Mumbai staff informed me that They are sorry for what had happened and cannot do any more thing.
Hereby I request you to guide me how to bring this issue to justice and receive my lost money and make other people to be aware from cheating by M/S Bansal finstock Pvt Ltd. and similar other companies.
I hope you will guide me.
Thanking you. -ARUN KAMERKAR
