They advised me to close my Dmat account which was in a bank, came home at night and asked me to do so many signatures.since i couldnt go through the account opening form, i asked them a couple of times, that they are not making me sign anything that im not supposed to sign.they told me that they open so many accounts and that i need not worry.they had explained to me that their scheme was that if i give their company rs.70, 000/=to Rs.80, 000/- worth of shares to deal with, then they will pay me rs.4000/p.m. or Rs.5000/= PER MONTH AS MY PROFIT .they said they have been in this market for very long and know the technicalities to double the money in very short period.they said they would like to help me and their interest is to earn brokerage which is comparitively very less than the other company, as they do have too many clients.they said that this way they earn brokerage and are helping the society, with their knowledge.they told me that they have a widow as a client who is not knowing about shares at all and they are paying her regularly fomr past more than 2years.i explainsd to them that even im not having good knowledge and i will trust that they will help me to earn and since im working and cannot remove time for all this, they promised me that they would come to my house every 10days approx.and show me all that is necessary and asked me for my mail id.i told them that i do not have internet access at home and im not so internet savvy, specially about stocks and transactions, to which they told me that this mail id provision is just a formality and i need not be forced to read it.they said that they cannot open my account if i do not provide all the necessary details.so, finally my dmat at bank was closed and they opened a dmat in their company at malad west.i had instructed them to only sell my tvs-motors shares and then buy only good "A" GROUP SHARES.they had told me that the cheques will be given to me every month.but i started calling them, visited their office at malad west, several times, but they would always have excuses.eg. Aminbhai has not come, aminbhai is leaving the job, the office boy is on leave, they were too busy as it was trading time and that i should be patient and they will pay me 4months interest together and so on.finally, one day, i needed money, i told them and demanded it, so next day, they sent me an ECSin my bank.little did i know that they were sending my own money to me.in sept i realised that he had sold approx. Rs.85, 000/- worth of tvs motors shares and traded so many times without informing me os showing me the bills.finally, i froze my account with them by instucting the head office at ecospace, mograpada, andheri-east.i have been calling them, meeting them.i met mr.dharmesh, dimple and aafrin fodkar, their executives and personally visited them couple of times with the hope they will help me, which they are trying to talk to malad-west branch, near N.L.college.i went to malad brach personally twice and talked to them on the phone, but instead of helping me they turned around and said that this is share market and people can make or looose millions.so, why am i complaining and i was also told to restart my account so that they may make up the losses.but, how do i trust them now? so, i told them that now if u want me to reopen, please give me in writing that within 3-4months they will get me my 85000/--rs.worth plus they have made an extra debit of another 7-Rs plus interst of --Rs.which means a total loss of approx. RS.1, 60, 000/-- plus the interst that they had promised Rs.25000/--FOR 5 MONTHS.in all they made a loss of Rs.1, 85, 000/--plus mental harrasment, plus all the running around that i had to do and so many calls i made to the Head office and personally visited them too.i learnt to read every entry and spent sleepless nights going thru their bills.they sent so many couriers after i froze the account which had all the details of their cheating.i strongly feel that they should be punished for this and i as a law abidingcitizen should get my money and should report this, so that they will not cheat others.please help and guide me and take necessary action againt such cheats.my mail id is with you i shall repeat it.it is [email protected] reply to me and oblige as to what i can do and where do i stand.thanks a lot.
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