Nirmal Bang Securities Pvt. Ltd — Cheating & Fraudulent Activity Regarding Trading Of Shares

Address:

Kolkata, West Bengal

Dear Sir, At the outset, I would like to mention that the Operation Of Nirmal Bang Securities is nothing but Pure Cheating of Clients. We feel that this matter should be taken up on Top Priority basis & totally stopped before they rope into more innocent customers & CHEAT them to make their own Handsome Profits. Actually they were introduced to me through one of my friends who handles my bank Accounts in India. Therefore I did not think it otherwise & as a result did not go through the reviews prior investing. The reviews are already very bad, but I do not understand why SEBI is not taking any action. I would corroborate the above with the turn of events, as follows: 1. Mr Avisek Basu, AVP & Mr. Ajit Molla had come over to my residence, to request me to invest in NIRMAL BANG SECURITIES. This was in the month of Dec 2014. 2. They explained their system of operation. But I informed them very categorically, a) That first year I will be investing only Rs 50, 000 & nothing more as presently I was unemployed. Later when I can see that they are providing me with enough profits, I will be investing more. b) Also I mentioned that I may be leaving station, suddenly, maybe even to foreign Countries, to which they replied, that there is no problem, they can handle everything through E- mail.etc. c) I also told that I have, never in my life ventured out to invest in SHARES & have no knowledge of same. They informed that it is their job to give me correct guidance & ensure that there is always growth. I only, have to accept verbally the telephonic information which will be projected to me now & then. 3) After all these discussion with full belief, I invested Rs.50, 000 with Nirmal Bang. At times, phone calls used to come at odd hours, when I am busy with something important, & I, as advised, by Mr Molla & Mr Basu, without understanding the implications, would just accept whatever have been told to me from the other side. This is the GAME PLAN OF THIS VICIOUS NETWORK. ALL PEOPLE CONNECTED TO THIS NETWORK ARE GUILTY & IF NOT CHARGED, LEGALLY, I AM SURE THEIR HEART WILL STATE THAT. 4) In the month of Feb. 2015 approx, all pressures of various nature, was put on me by the above mentioned people, who even came to my house, to invest further, just before monthly closing every month, so that heavy profits can be booked. This I had vehemently refused. 5) Slowly I found the interest shown, for my investment by Mr. Molla & Mr Basu have reduced drastically. 6) Therefore I had asked Mr Molla for a Payout. 7) The result was that I finally received a total of only Rs 3787/- against my Rs 50, 000, I had invested. This indicates a loss of Rs. 46213/-.over a period of 3 months. 8. When enquired, was told that they had booked high value shares by taking loan from Nirmal Bang in my name, & in turn NB is every month deducting interest etc from my account. This booking, if I remember correctly was never approved by me. They say that I have telephonically accepted this. I have been requesting them to provide me with evidence that I had concurred this booking. It has been over 15 days but they are unavailable to provide me same. Even If I consider that I have unknowingly concurred, but I can strongly prove that this was not mentioned to me by Emphasizing this point clearly that they are taking heavy loan on my behalf for acquiring high value shares. This was their Game Plan Of Cheating Innocent Senior Citizens.. When the same is informed to the Senior Executive, Mr Jaydeep Mukherjee of that office their approach is very much careless and unprofessional. Is this acceptable? This amounts to CHEATING & FRAUDULENT ACTIVITY. I strongly feel that these type people, Cheating Senior Citizens, their Hard Earned Money, maybe to cater for their own family needs do not deserve to survive in this society & should be immediately eradicated. Awaiting your favorable action. Warm Regards Tapan Kumar Roy Terminal Id : E0012184 43, Russa Road East First Lane Swiss Park, Kolkata- 700033. Mob : [protected]