Indiainfoline ltd
Unauthorised trading

Sub-unauthorised trading by indiainfoline.

Sir

I have bought rnrl on 26/05/09 with debit balance. same day I handover a cheque of Rs 30000 to Mr tarif (broker of indiainfoline kankurgachi branch). The cheque (Rs 30000) was cleared on 27/05/09 as per my bank statement. But it was not updated by indiainfoline till 04/06/09. on 03/05/09 I get a massege from TA-IIL to my mobili (9831730792) that

SUBHRA77'your a/cis in DR balance of RS 40603 pls trf funds by 9am tomm, to regularize the a/c and liquidationof of position, if reqd pls call your R/M/Cust Care'

I tried to call RM but his mobile was switch off, in the next day my stock was sold (rnrl 390@ 88.65, gujarat nre coke61@54.95 and uniteche 30@93.55) before 10.30 am (I got a massege from Trader Terminal trf fund or your stock will sold by 10.30am)

My actual dr balance was 10603.

My question is why my stock was sold with DR balance of Rs 40603, my cheque was cleared on 27/05/09 and not updated my trading A/c till 04/05/09, is this my fault?

I think it was unauthorised trading by indiainfoline. I could hold those stock for long time.

who will compensate my future profit for holding the stock.

on 04/06/09 I called to customer care (02240071000) of indiaifolineltd to solved my question but they not given me any satisfactory answer. I also called rm but he also faled to do anything.

so, I demand the the copensation for it.

Thanking You

Subhra Kanta Goswami

Nangi Chakraborty Para, PO- Batanagar Kolkata-700140

W.B

Phone- 983173072

Company: Indiainfoline ltd
Country: India

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