Karvy Mutual Fund
Ilegal withdrawal of Investors money

This is to bring to your notice an illegal transaction done by a Broker along with Karvy Mutual fund Services. With due respect I Puspashree Sujata Das a permanent residence of C-90, Sector -1, Rourkela -8, Orissa would like to state that My husband Mr. Umakant Parida deposited Rs 2 Lakhs dated 23.03.07 and Rs 1 lakh dated 5.03.07 in LIC Mutual Fund through a broker named Naresh Kumar Acharya, Code No –ARN 11849 .My Husband expired on 30 .03.2008 .On 7.02.2011 I wished to redeem the amount that was invested so I went to Karvy Services Office in Rourkela. There by I was informed that the money has been already withdrawn by the broker with false signatures of my husband on the related documents after a year and half of my husband’s demise. The amount withdrawn was further deposited in the Bank of India AC No -520610110001197 in the name of my husband (Mr. Umakant Parida) and with his signatures on the required documents.

The Bank details including the permanent address details were changed by Karvy officials without validating the same from me or the nominee. The cheque also has been handed over to the broker Mr. Naresh Kumar Acharya by the Karvy officials without informing the nominee or myself. Request your kind and immediate attention to the same and action against the parties involved in the

same and return my money at the earliest.

Company: Karvy Mutual Fund
Country: India
State: Orissa
City: Sundargarh

  <     >