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consortium must pay for it
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i agree with pankul verma
they are the first class cheaters because it is the same thing that happened to me. MY margin shares worth 5 lacs were exhausted without my concurrence and by arbitrarily doing the transactions. However no takers were there in consortium. More ever they have shifted from Sec9 Chandigarh and now it is not known how to locate.
They are CHEATERS AND FRAUD. I opened an account with Consortium Securities and Commodities in April 2010 and I had put Rs. 60, 000/-. I am a house wife and was totally unaware of their modus operandi and kept doing few transactions. The branch manager from Sant Nagar Delhi, even brought a box of sweets when he met me for the first time. So after trading, Whenever I asked them about the balance in my account, they used to tell them that they have to ask the HO in mumbai and gave me some fake amounts. There was no delivery of the contract notes from them. Whenever I asked them about the contract notes, they mentioned that there is some problem at the back office. In the month of October 2010, when I decided to quit, i asked them to send me my money back. On that day, I got to know that there is only 9500/- lying in my account since Sept 2010. and there is no trading after August 2010. Whereas even the day before all this, I traded on phone. They are so brilliant cheaters and they never gave a hint that all the trading I was doing was fake. So I asked them all the details of the account. I was shocked to see thousands of tradings in all the metals, gold silver copper, lead, zinc and nickle. Whereas I only traded a few times in GoldM and SilverM only. I met Mr. Kalra at their office at Sant Nagar. I requested them so many times, but he was a deaf person. This company is totally a fraud. They duped me of Rs. 60, 000/-. Please stay away from Consortium Securities.
Swati
Swati