[Resolved]  aliceblue commodities and securities — Wrong and Unhealthy Trading - Failed to save the Consumer

Address:

Chennai, Tamil Nadu

I have opened an account with aliceblue vide customer code: CR045 and I have deposited Rs.2, 50, 000/- (Rupees Two lakh fifty thousand only) on 28/07/2014 and the person who took the effort to make me invest (Mr. Silambarasan) promised that I will be surely getting around Rs.12, 000/- to Rs.20, 000/- per month from the amount I invested as profit out of it. Of course, to our surprise, I have been informed that Rs.10, 000/- profit amount has been credited to my bank account with IOB on 07/08/2014 along with Rs.1, 00, 000/- which needs to be diverted to Commodities trading. So, I have taken Rs.10, 000/- from my account and given a cheque for Rs.1, 00, 000/- in favour of aliceblue commodities and securities. On 23/09/2014, on my request, Rs.70, 000/- has been creditied to my account which I wanted to take off from the aliceblue investment. So, as per the records, 1, 80, 000/- (Rupees One lakh eighty thousand only) is continued to be kept with aliceblue for investment and to make income out of it via trading. As I am not aware of trading, I could not able to understand anything out of the pivot table or margin export contract note being forwarded by aliceblue to my mail id. I used to contact Mr. Silambarasan through my husband, and he used to tell us that market is not in good position to get profit and we used to say that profit is not necessary but our investment should not be lost. Whenever we enquire, we used to be informed that trading going on loss and the same will be recovered surely without any loss to the principle amount invested. I have insisted for withdrawing the amount which we invested but we have been advised to continue with the same without taking the money and he (Mr. Silambarasan) promised that the principle will be recovered soon. But to our shock, we got the statement from MCX and NSE showed that almost 50% of the principle amount i.e. Rs.90, 000/- has been lost by the unhealthy trading done by aliceblue employees. I need to inform that I will not keep quiet by giving my investment just like that. I want all my investment to be returned to me without any loss, otherwise legal action will be initiated against them. In this place, I would like to inform that on opening my account with aliceblue, an official User ID and Password given to me but to my shock, it is not working and I think that user ID and password of mine is being used by the person trading for aliceblue without my consent or approval. Expecting favourable reply from aliceblue.