[Resolved]  Indiabulls Securities Ltd. — Unauthorized Shares Trading.

IS INDIABULLS SECURITIES LTD., IS ON THE VERGE OF LIQUIDATION BECAUSE OF HUGE
EXPOSURE GIVEN TO CLIENTS AND UNABLE TO CUT THE POSITION AT THE RIGHT TIME
LEADING TO HUGE DEBIT BALANCES AND CLIENTS NOT PAYING UP. THIS CAME SOMETIME
BACK EVEN IN THE PREVIOUS MARKET FALL. PLEASE CLARIFY FROM YOUR SOCURCES.

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...⇄

Dear Mr. Arya,

While going thru ur problem, it appears that u might have funded the security thru Indiabulls Financial Services and also part of the funding was done from your own pocket. Thereafter the market got crashed and the Indiabulls sold the shares and recovered their dues.

I cannot say exactly what has happened but I believe that if you take out the daily tradings in that particular scrip for a period of one month before actual purchase and few days after sale and in between period than u may get a pattern. I suspect that these purchase and sales were not genuine and u would get a pair of trading. If one day 3 lacs shares traded than another day also 3 lacs (may be few plus or minus). It means two players are mutually playing or even one player with two terminals is buying or selling the scrips. One day they might have purchased 3 lacs from one terminal and on next day reverse. By this, they build up the rates, suggest purchase and than soon after rates goes down and scrips sold to recover their fund. U would find documents perfectlly in order. The difference is pocketed and shares go back to them.

So, i[censored] can manage to get register this FIR with the aarthik apradh shaka (Economic Offence Wings) at Lucknow and if the officials can work in this direction, u may get the justice. Otherwise, it is of no use. You must have executed documents with Indiabulls Financial Services Ltd giving clear instruction that they may sell the scrips if need arises. You have also given this instruction to your bank and to your demat account. Thus, you would not able to get justice in the arbitration proceedings as their documents would be perfectly in order.

It is my sincere advise.

Thanks,