Inconsumercomplaints.com » Career & Work » Review / complaint: HSBC INVESTDIRECT SECURITIES INDIA LTD - Termination of services--for raising compliance issues/unethical&illegal practices adopted by HSBC | News #280792

HSBC INVESTDIRECT SECURITIES INDIA LTD
Termination of services--for raising compliance issues/unethical&illegal practices adopted by HSBC

On march 8th morning i was given Termination letter by Mr. Mukul Anand-HR-Head in the Presence of Mr. SijuAshok-StateHead, D.S.K.Prakash-StateHead and UmaMaheswara -Rao-BM, i was shocked and asked them without prior notice or showing proper reason how can they take this decision and i said i will not accept, but they have started Threatening me with dire consequences if i have not accepted the letter and they forcibly handed over the letter and taken acknowledgement from me and thrown me out of office.

i was joined as customer support officer (operations) on25th feb in hyderabad and continued in operations till 12th sep 2008 from 12th sep 2008 i was moved to sales by the management for their convenience by offering false promises and started targeting me by all possible means and methods for raising compliance issues ..

On 28th march-09 escalated the issues about compliance (Forgery of insurance documents) And bullying to the senior management hoping proper action will be taken.

But after escalating the issues i was more pressurized and tortured by local management by Degrading, isolating and demoralizing me and they even suppressed the facts and misrepresented to the senior management.

Without considering the facts the management has taken haste decision and spoiled my carrier and my life just to satisfy their ego`s.

If you people think that you can play with common people lifes using your money, power, position then you are wrong you people may bribe some people not all, i belive in law and i will fight legally till the end of my life in this process if anything happens to me or to my family HSBC mangement will be responsible.

Once again i am mentioning the facts plz consider them.

1.Transferred from operations to sales for your convenience offering false promises of salary hike and support and six months time to prove myself.

2.Started targeting from first month of shifting to sales by all possible means and methods.

3.Started humiliating and degrading by declaring that i am excess staff of the branch and tried

to isolate me.

4.After escalating the issues regarding compliance and bullying to the senior management started pressurizing more.

5.Discussed about the compliance and bullying issues with Mr. Ranade and vibhav khabra in the april month of 2009 and met Mr. Venkatesh in the july month and discussed with him about the issues and he promised me that i will be shifted back to operations,

6.Transferred to somajiguda A category branch again by offering false promises of salary hike and shifting me back to operations but i was not provided workstation, system mail access for almost one month and i have not received any communication from HR regarding transfer from kuktpally to somajiguda branch, as i was transferred to A category branch my

revenue target almost doubled without any salary hike whereas the newly recruited staff are

paid almost double my salary for the same work.

7.Forgery of insurance documents by branch manager and other compliance issues&--

intimated the matter to management and waited for almost 7 months but no action

has been taken, later escalated the issue to the group compliance officer (London-UK)

still no action has been taken the branch manager himself resigned in the month of

December-09 because i informed him that i will leave the issue till the management

takes action and further i told him i will approach court to prove the allegations.

8.Met Mr.mukul anand in the month of November ending and he too promised me that

he will consider shifting me back to operations.

9.Even though i have performed equal to other RM`s i have received warning mails and

without doing my appraisal and without taking me into consideration given me "4"ranking

10.Staff (Ansari) who has done forgery and indulged in bullying and other compliance issues

you people has given 7 months time and offered to resign without taking any action and

Staff (me) who intimated the issues for the welfare of the company you people have

terminated him without giving any prior notice and showing proper reason.

I was ready to prove all the alllegations i have made and ready for open discussion on

my performance and other false counter allegations made againts me but the management

never considered my request.

Now i want to inform you all that i am having all the proofs to prove that injustice has been

done to me.

Mail copies of Mr. Ansari, naveenkant, sridhar, dsk prakash (to prove how they targeted me)

Recorded audio conversations of Mr. Ansari (accepting all the allegations) Mr. Venkatesh and

Mr. Mukul anand.

Hope you will consider the above mentioned facts and do justice to me.

With Regards.

G.sairam


Company: HSBC INVESTDIRECT SECURITIES INDIA LTD

Country: India   State: Andhra Pradesh   City: Hyderabad

Category: Career & Work

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