Mar 19, 2012 08:51 PM
7000 Views
I have been a customer of way2wealth investing in the market for the last couple of years. Over the period of time I have seen the company detouring being an investment consulting company to a third rate investment robbers. I had invested on the stock NTPC to the tune of 50, 000 rupees. Due to the recession I have retained the stock or that was my belief till the time when I found out. The employee named Raju, relationship manager(Alwarpet branch, Chennai) had sold the stock without my concern at a very low price. In reality while all the time he has been lying to me that my stock was safe. The minute when I told him to sell the stock when the price was 188 rupees he pretended that he sold it and told me the amount will be credited within 3 to 4 days. But money never got credited, when I kept following him he said direct payment got disabled hence he has credited my account by cheque. The next day I found the amount credited was only Rs 16, 500 instead of Rs 40000( for 188*205 shares). When I again contacted him and asked why it is 16, 500 he told your stock has been sold for Rs 143 per share hence it is only 16, 500.
I again asked him how could it be possible as I told him to sell the stocks when the price was 188. He didn’t budge and continue saying the stock price was sold at 143 only. I checked the Market price history, the stock price was consistently above 150 for the last 3 months and no way it is possible to sell my stock at Rs 143 in recent time. Then I realize I have been cheated by this person(Raju).
When I contacted the immediate manager he told me at least you got this amount back having invested in the stock market and he is not ready to take any action on him(Raju) which made me to realize everyone is in this scam. I was really annoyed that I have been cheated intentionally. When contacted way2Wealth complaint cell there has been no response at all. I think the complaint cell is nothing but a bogus. And I know this person(Raju) is still working in the same company and only god knows how many people he would have got cheated.
It is a very bitter experience and I lost my investment, which I have been saving it for my needs. I strongly suggest for people who have invested through Way2Wealth to immediately withdraw the investments. For anyone please please please avoid any transaction with this company after all it is our hard earned money.
