[Resolved]  Krishna Stocks — They are cheating in different issue like purchasing stock in behalf of people and cheating them

krishnastocks — Fraud & Cheating

Hi, KrishnaStocks (http://www.krishnastocks.com) is big fraud & cheating company. They have taken Rs.20000/- from me promising 4 times profits with thier stock predictions. I have lost 5 times & they are not repaying the money I paid them as they promised that it is a moneyback gaurantee scheme. Please let me know how to get my money back & also request & recommend others not to entertain this duping company.

I absolutely agree for what kollol chaudhri mentioned above Krishna stock is fraud company everyone in that advisory group are fraud they take money from investor telling them to pay 3 times more than their investment in one month, anyone who wants to invest with them beware, all of them are fraud if somenoe got cheated with please go ahead and complain about them with SEBI Ahmedabad.

Hi Every one who have been cheated by the fraud executives of Krishna stocks,

It is alarming that even though many customers who have already been cheated by Krishna stocks have posted their complaint in many consumer forums more and more people are still falling to the traps set by the fraud executives of Krishna stocks like HARDIK SHARMA, ROHIT AGARWAL, SANKALP BAJAJ, SEKHAR etc etc ( I dont know how many more fraud executives they have).

Only after being cheated people come across consumer complaint sites. But then it will be too late.

It is already clear that we losers are not going to get back our lost money. We can only try to prevent new poor clients falling into their trap. For that post your complaints/ experience in Orkut, Facebook, Blogs, other consumer complaint forums, and sent this by email to all you know etc etc. ( You can think of any other means also).

IN THIS WAY WE CAN HOPE SOME DAY SOME ONE FROM THE HIGHER UPS MAY TAKE SOME ACTION AGAINST THESE AND SAVE POOR CUSTOMERS.

Regards

APPUSALU

[protected]@yahoo.com

You all are very ABSOLUTELY right.

I have been ditched just recently by the same company by SHALIN SHAH ( I really doubt that they fake names along with the mobile numbers also). They promised to give me 60k in Lieu of 20K invested n the company.

Now todat I called their office and have blasted them as my stipulated time is over and there is no trace of fraud Shalin (Must be fake name).

Kindly do not invest in THIS BIG FRAUD COMPANY.

Hi friends
If someone claiming anyone than please leave contact details so someone can communicate with each other..

Thanks

Suraj
[protected]@rediffmail.com

I am also receiving so many mails and phone call, I have not invested any money in krishna stocks, but after read those comment my mindset is totally change.

Anil Choudhary
[protected]
[protected]@indiatimes.com

thanks for all your precious comments. Even i was going to invest in this company as some guy called Hitesh used to call eveyday and force to invest 30000. But by reading all the above comments i am definately not going to go for this company and will try to prevent other invstors too from not investing their hard earned money.

Can any body guide me where to complain agaist Krishna stock on the following matters pls.

Date: July 29, 2010
To,
The Managing Partner,
Krishna Stocks
8, Parshwanath complex,
Near New Reserve Bank,
Incometax, Ahmedabad-380009
GUJARAT, INDIA
Customer Care No.:[protected]
Ph Nos.[protected]/19/06/02/07/26
[protected] / [protected]
E-Mail: [protected]@krishnastocks.com
Website: www.krishnastocks.com

Dear Sir,

Sub: Complaint against Cheating on Investment Plan - Reg.

I, Yugandhar Sahu hereby by inform you the following cheating facts happened between me and Krishna Stocks as detailed below:

1) On 22.06.2010 - I have received an SMS message from TD: KrisnaST about 15.49.40 Hrs stating that “Opportunity Like never before Earn Guaranteed profit Up to Rs.120000/- pm in the stock market. Pay only Rs.40000/- for more details contact on [protected]”

2) Having seen the message contacted the said number I got Mr.Manish Varma and appraised by him that if I pay money of Rs.40, 000/- then I will get in 1 month’s time an amount of Rs.1, 20, 000/- as assured money; I expressed doubt that how you get that money then he clarified that with our money they generate profit in stock market and give our commitment figure; also confirmed that we need to submit our personal details along with PAN so that they do trading by them on our account.

3) To take written confirmation I requested to send an email. I got the email confirming the above. (Proof enclosed).

4) Having impressed, I have remitted an amount of Rs.10, 000/- as online transfer from Axis bank vide ref No.ICONN/7609531/ [protected]/220610/ favoring Krishna Stocks; dated 22.06.2010; after taking confirmation I was told by him that I will get agreement copy along with PDC cheque for Rs.30, 000/-.

5) On 24.06.2010 received call from Manish Varma that we have earned Rs.38, 250/- on your account, you please remit the remaining amount of Rs.20, 000/-; but I remitted an amount of Rs.10, 000/- 28.06.2010 only taking the assurance that will get agreement and PDC cheque for Rs.60, 000/-.

6) On 01.07.2010 message received at 9.45pm from Manish Varma Mobile ([protected]) stating that Am leaving for Indore for 2days, will do trading in your account from Monday.

7) On 06.07.2010 again received call from Manish Varma for paying the balance of Rs.10, 000/- but I said to please provide the agreement and PDC for previous amounts then only I will process.

8) On 15.07.2010 I received a call from one person belongs to Shiridi (Mob. No.[protected]) that he was impressed by him on the above manner and asking my confirmation; but I said to wait till 22nd which is my due date.

9) On completion of my due date I tried to contact Mr.Manish Varma on his mobile and Company land line numbers, but efforts are failed to reach him.

10) Today morning (29.07.2010) having doubt I called the company land line number and as general customer enquired about the Investment plan with Mr.Aryan; he explained everything as said above and as per my request provided reference number as Mr.Hitesh Mob No.[protected] who belongs to Mumbai. Having talking with him I understood that he is also belongs to the company only.

11) Having completely an idea about cheating the customer I called today evening and understood that they are cheating by saying investment plan with money back. After one month if the customer calls and insists they are saying the money paid by you is advisory charges only.


From the right beginning I am having the doubt about this company scam; As an cheated customer I want to blow up this scam to public I too cooperated to them keeping all voice call conversations recorded. And I too found that the calls received by me from KrishnaStock company phones only.

This is my final warning to the company to call the undersigned and explain on the above, otherwise will treat as scam and proceed legal action against the company.

Regards,

Thanking you,
Yours truly,

Sd/-
YUGANDHAR SAHU
Flat No.208, 5th Block,
Prajaycity, MIYAPUR,
HYDERABAD – 500 049.
Mob No.[protected]
[protected]@yahoo.com

Sir,

Two month back I have put Rs. 30000/- in Krishna Stock but till now they have not sent any receipt and when I call them they never picking up phone. Actually two month back, . i have transfered Rs 30, 000 online from ICICI bank vide ref No.[protected] favoring Krishna Stocks; dated 23.06.2010;
and they assaured that you will get Rs. 1, 00, 000.00.
After that i got many stock related message but after some timer they stopped automatically.
when i tried to contact Sankalp, Aarti ( code 21) but no body is picking up the phone.

Like me they have cheated so maney people in greater amount money. please take legal action on them.

Hardev Singh
[protected]

i too cheated by krishna stock

piyush

Dear All,
Krishna Stocks is a Fraud Company and they make money by cheating people living at distant places, One has to deal with the junior guys in the company who are hardly 10 or 12th passed. Krishna Stocks is not a professional company and does not have any business model, people working in Krishna Stocks are hardly educated. No point is publishing names of the people whom you have dealt with a they might not be their real names, everybody claims to be a chairman of the company or the partner of the company.

I will write more on this but for the time being, I WOULD LIKE TO REITERATE MY POINT THAT "KEEP AWAY FROM INVESTING IN KRISHNA STOCKS", INCASE OF ANY DOUBTS, YOU CAN CONTACT ME @[protected].

I would suggest, effected people to form a group and fight this fradulant company, lets bring it to the media consumer court etc.


Thanks,
GS

i had received a cll from hydrabad asking to invest 20000 and i will get back 60000 at the end of the month still i didnt receive any receipt or my money back i have the transaction id about transfering the money id [protected] transferred on 10 july 2010 the name of the excutive is arihant mobile number [protected] this number is still active i spoke to him amny times but says there is some problem with my agreement that why its taking time to transfer the money back in my acccount right now i am out of india. his boss mr. raj mehta email id [protected]@yahoo.com

i was convinced with the investment as i seen this site on the internet.

Thanks to all of you for your valuable comments,
I was just saved from this fraud by reading these comments on this site.

Regards
Ashish

Hi

As per my requests to the company Krishna Stocks has refunded my money. So I am withdrawing my complaint against them

Appusalu

Dear Sir/Madam

I'am Vinay Kumar Mandhula i have got a call from Krishna Stocks on Oct 22nd Mr Arjun from Krishna Stocks Called me and explained me about Money gurantee Scheme on investing 20, 000 there is a money gurantee of 60, 000rs, he also told me that he will be snding the supporting Agreement from Gujrat court and also a postdated cheque of 60, 000 rs. I have done a online transfer of 20, 000rs from my Axis bank A/c [protected] to Krishna Stocks Axisbank A/c [protected] on 29/10/2010 at 5:15 pm with reference id 8796093.

As its been more than 45 days I called them and requested them to transfer my money i.e 20, 000 back to my Account, they are not doing and inspite of that they are chalenging me to do whatever i can and a person by name Abhay says that giving back my 20, 000 is not at all possible and asking for my demat account details.

Today on Dec 24th when I called them I got a new update from them saying that there is no more Krishna Stocks and that changed to Radha Stocks, this is how they are cheating people.

so every one please be aware and dont trust if any one calling from from Gujrat saying that they are from Krisna Stocks or Radha stock and dont believe if they talk of Money Back policy.

you can get calls from

[protected]
[protected]
[protected]

please be alert.

At last I sincerly request Krishna Stocks to refund my 20, 000rs back.

Thanks
Vinay Kumar Mandhula
C:[protected]

Dear All
I already cheated by Krishna Stocks.Two month ago I submitted 30000/- Rs and they promissed that they will refund 1, 00, 000 after one month, but still I am waiting my payment.Nobody picking my phone.
The Payment Details are given below
Bank :- ICICI Bank
Cheque No:- 130257
Amount :- 30000/-
DTD:- 13/10/10


Thanks & Regards
RAJ
[protected]

Hello all, I am one among you, who have been cheated by Krishna Stocks in broad daylight. Dates and the names of the people are of no concern now but the fact is that we have been cheated. Thatz all. We, being grown up and well educated have fallen into their trap and lost our precious money. Lets not let this happen again to us or to any of our acquaintances. Lets be bold to accept the fault of ours and not to shy from telling others what has happened to us.