[Resolved]  Indiabulls Securities — Mislead and cheated by relationship manager

I opened my Indiabulls trading+dmat a/c (Client id : 235543) 2 years back and it was idle for long. Recently I decided to invest in good stocks to diversify my portfolio, because till date I had invested only in tax saving instruments. I had contacted Indiabulls and Mr.Arnab Ghosh came to my place who introduced himself as my indiabulls relationship manager. As per his advice I deposited money in my indiabulls a/c for share purchase. Then he instructed me to execute some orders and he told me what details to give, calls used to come from indiabulls and I gave orders as per RM's instructions. I start getting statement emails from indiabulls and I found that transactions has been made, hefty brokerage was charged but nothing was deposited in my DMAT a/c ! Later on I did some research and found that he put my money in index options which is not index share or index fund. I started contacting indiabulls for long and also called up Mr.Dwaipayan Kar who is head of saltlake, kolkata branch. Mr.Kar informed me that my entire investment is almost wiped out and almost no chance to recover! He advised me to put more money and continue "playing" to recover whatever I've lost. I trusted my RM because he is representing Indiabulls and though he would take care of my investments, but instead of investing he "played" with my money in speculative option game. When he came to my place first time I told him many times that I want to invest in share for mid to long term, and not interested in making quick money and quit. Just for higher commission percentage he misused my investments and pushed me to finalcial loss. I'm a computer software freelancer and living with uncertainty. My parents, wife and infant daughter are fully dependent on me. My hard earned savings are lost and mentally I'm broken. I'm cheated and mislead by Mr.Arnab Ghosh and Indiabulls saltlake office is backing him up, they are so fearless thinking they can run away from the consequences. I'm seeking compensation from Indiabulls Securities and action against fraudulent relationship manager.