Kotak Bank
Fraud by Kotak Bank

Customer going for a Ride!

Story of a loyal customer of Kotak Bank, who was duped for crores

In a shocking incident, a high net-worth client of Kotak Mahindra Bank was hustled into buying a dud product for a whopping sum of Rs2.27 crore, with the bank pocketing a cool profit of Rs1 crore in the process. The wealth management arm of the bank allegedly misled the investor into putting the money in its India Growth Fund, based on bogus claims regarding its worth and taking undue advantage of the brand name to influence the buyer. The investor's repeated pleas to rectify the damage have fallen on deaf ears as Kotak officials refuse to budge.

For full story click on this link http://moneylife.in/article/4/12944.html

Company: Kotak Bank
Country: India
State: Maharashtra
City: Mumbai City

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