Kumar share broker
Illegal trading through Demat account without permission

Sub illegal trading through Demat account without permission

Sir/Madam,

This is to inform you that I (Dr D K Prajapati) is been cheated by Marketing Associate Mr Vivek Srivastava and Branch Manager Mr Vikas Srivastava of M/s Kumar Share Broker LTD civil line Allahabad (U.P).

The incident is that Mr Vivek Srivastava came to my clinic and told me to open the Demat account in Kumar Share broker and he confirmed me that he will defiantly give me gain (profit) by trading in my account. Being innocent I was unknown of the market and market related strategies and also of the Demat account and trading through demat account

I caution him regarding trading through demat and told him to ask regularly before trading. He also agreed on this point and on that note I opened my Demat account of Rs 200000/-with M/s Kumar Share Broker.

After few days I called Mr VIvek Srivastava on his mobile but he started ignoring the calls from my number when I called him from another phone he Picked the phone and then I told him that I am in the urgent need of money after that he came after 13 to14 days at my clinic and gave me the cheque and told me that this is your profit sir again I asked him that from where I got this profit when I have not traded and why you have not asked me before trading. He told me that keep it sir why you are arguing on profit and he insisted me to keep the cheque despite I was very much angry because he traded through my account without asking me despite I earlier told him to ask me before trading.

I again told him that I am unknown of the market and please ask me before trading through my account.

And I went to Mumbai on 14 feb for my personal reason and return from Mumbai on 21 feb.

I was in the urgent need of the money and I started gathering money from all the sources and I told Vivek to close my Demat account from kumar share broker but they told me that all money in the account is been traded and you (Dr D K Prajapati) are in loss and put more money so that we can continue with the account. I was shocked that when I have not traded in the account and not asked anybody to trade through my account from where I am in loss and I asked all the related question from Marketing Associate Mr Vivek Srivastava and Branch Manager Mr Vikas Srivastava of M/s Kumar Share Broker LTD civil line Allahabad (U.P). but they started misbehaving with me and used abusive language and told me to leave the office.

After that I made the FIR in the civil line police station against M/s Kumar Share Brokers and Marketing Associate Mr Vivek Srivastava and Branch Manager Mr Vikas Srivastava they called me up and gave me the assurance that they will arrange the money within 1 to 2 month and also talk to the company to compensate loss.

But as the days gone I felt that no action has been taken and they are just making fool of me then I felt that I should bring this matter in the notice of consumer complaint

Please look into this matter and suggest me what to do in this case…………………………………………..

Regards

Dr D.K.Prajapati

1013 Dariyabad Allahabad U.P.

Mobile 91 -9335364750

Company: Kumar share broker
Country: India
State: Uttar Pradesh
City: Allahabad

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