LKP Securities — Mis use of funds available in my demat account and non conversion of the physical shares given to mr. sunny kichloo into electronic form

Address:110092
Website:www.lkpsecurities.com

We opened two d mat accounts in my name swaminathan munuswamy devaraj. Client no.12037001 & my wife smt. Pushpa devaraj client no. 00799737 during dec 2014 in delhi. The login & trading password were received for my wife but same not provided to me in spite of writing to mr. Suraj singh, asst area sales manage who lured me to open the d mat account with tall promises and assurances. Thus he deprived me from using the portal to monitor the status of my d mat account. Then i wrote to helpdesk also who could not provide any help. I had been sending mails to trade smart and many other officials for the last more than a year. But all in vain.
I gave physical share certificates in my name & in my wife's name for conversion into electronic form. As on date lkp securities did not convert the same in spite of discussion with mr. Ashok aggarwal & mr. Sunny kichloo. The whereabouts of the certificates still not known since mr. Sunny kichloo is not at all responding to my mails and in spite f meeting with him in my residence.
I deposited rs.5.40 lakhs for long term investment "not for trading" in my d mat account. All of a sudden i saw contract notes in my mail and found that mr. Suraj singh has been trading using my fund without my knowledge and taking advantage of my absence from country. I had not given ant instruction to do so. You can verify this. Thus he spent rs.3.90 lakhs of my hard earned retirement money.

Mr. Ashok aggarwal disappeared from the scene of my issue after finding that he was unable to find a solution. After my pursuation mr. Sunny kichloo came to my residence and promised to resolve the issues one by one first to convert the physical share certificates& second to refund rs.3.90 lakhs misused by mr. Suraj singh. He informed me that the two executives involved in my case have been fired for fraudulent activities. This is a proof that they misused my fund and hence i had been asking mr. Sunny kichloo to refund. But after the meeting and his promise he is keeping silent thinking that by not responding he can solve the issue based on out of sight & out of mind. But i am still keeping high hopes he will refund the money and return the share certificates.
Please arrange to bring it to the notices of decision making authorities and cause release of my money and return the share certificates. Thanking you. S. M. Devaraj & pushpa devaraj
Was this information helpful?
No (0)
Yes (0)
LKP Securities customer support has been notified about the posted complaint.
Complaint comments 

Post your Comment

    I want to submit Complaint Positive Review Neutral Comment
    code
    By clicking Submit you agree to our Terms of Use
    Submit
    LKP Securities
    customer care contact
    Customer satisfaction rating Customer satisfaction rating is a complex algorithm that helps our users determine how good a company is at responding and resolving complaints by granting from 1 to 5 stars for each complaint and then ultimately combining them all for an overall score.
    Read more
    17%
    Complaints
    42
    Pending
    0
    Resolved
    7
    LKP Securities Phone
    +91 93 2261 2121
    LKP Securities Address
    13th Floor, Raheja Centre Building, Nariman Point, Mumbai, Maharashtra, India - 400021
    View all LKP Securities contact information