[Resolved]  IndiaBulls — stipend issue

HARASSMENT & TORTURE BY INDIABULLS TO EXTRACT EXTRA MONEY.
I had taken personal loan from Indiabulls of Rs.25, 601/- on 25/5/2007 and repaid Rs.22600/- but just default in one of my EMI of Rs.1800/-, Indiabulls misused my blank security cheque by filling false amount of Rs.28, 249/- and they also misused my blank signed loan agreement by filling false figures of 30 installments instead of 24 (Usurious rate of interest more than 60 % p/a.), denied the receipt of some amount debited from my bank. Even though I tried to settle the dispute by offering reasonable amount pending principal amount and interest amount but to extract extra money from me Indiabulls has filled bogus cheque bounce case against me in Patiala House Court, New Delhi. As it is tough to defend the false cheque bounce case traveling from Mumbai to Delhi, Indiabulls forcing me to pay Rs.33208/- plus uncharged interest. To extract the money company filled thousands of cheque bounces cases in Delhi Courts. In spite of my several complaints to RBI against India bulls, RBI not taking the matter seriously and protecting Indiabulls by neglecting all my complaints. The whole system is working with Indiabulls. To earn huge money Indiabulls bring the thousands of poor borrowers to suicidal point. Financial Company openly violate the fair business practice guidelines given by RBI.
[protected]@gmail.com [protected]

LINK:- http://www.mid-day.com/news/2009/feb/020209-Indiabulls-Securities-Limited-investors-Delhi-news-alleged-fraud-selling-shares-without-in...⇄

The pple could be ryt over here.I had been an employee of Indiabulls for quite reasonably long period of time reporting to Mr Anirban Bhattachrya the now Exe VP.I' not saying that there werent good employees in Ibulls.There were quite a lot during the years 2005-06.Sadly many of them found better pasteurs at par with their knowlegde and standards.The reasons were.
1)indiabulls need brainless rogue Rms.The ones who are ready to slaughter the clients to attain their insurmountable x time targets as brokerage.Needless to say the real good, knowlegable and risk conscious traders and Rms leave the firm.
2)I would like to cite an example of the long standing Evp Mr Anirban Bhattacharya, who is himself getting transformed to an unethical stock market veteran and has little or next to nil values for trade ethics.He just insist his juniors one golden rule or rather assert.KILL THE CLIENT, I DONT MIND.BUT GENERATE BROKERAGE 5 TIMES OF YOUR SALARY .I very well know many good traders under him leave their respective jobs so that their clients live long and the respect and relation and career as a result prevails for long.

The notoriety of I bulls is all pervasive.ie, the all along the org hierarchy.The colaba branch of Indiabulls is littered with Rms who just know how to drain clients' money.Needless to say the dealers are filth...i mean it.filth.Their lunch hrs range from 12 to 2 during the time they never entertain an order .Rms cant enter the order in Neat or Odin systems owing to compliance systems.(Again the compliance part is created because the company is in the watch list of regulatory bodies)I very well know a dealer cum Hr cum clerk Ms Khusboo Ashar, who is as good as a stupid stone and log in the attendance at 12 daily.And Fridays, she never comes to office.The EVP approves of this conduct of her with utmost generosity.There are ofcourse many interesting characters in the company Indiabulls Securities.The list never ends here.
A parallel website should be made for "applauding"Indiabulls syndrome