[Resolved]  Angel Broking — Mismanagement of our money without your knowledge

Address:

Indore, Madhya Pradesh

I having client ID : M74675 with Angel Broking, for last 2-3 years. I want to lodge an official complaint against Mr. Suyash Rathor, for using my money without my knowledge, financial mis-management & breach of trust & communicating false information about my Trading Account, committed cheating against me. His act cost me loss of Rs. 85400 in cash. I want this amount back as soon as possible. As per our knowledge & information, on Date : 22th May 2013, we had Account balance of Rs. 38000, Mr. Suyash Rathor, who is My Equity Dealer, had asked me that – he will trade on Expiry Date, which is on 30th May 2013, to recover previous losses. For Expiry date trade he requires Rs. 50000 as sum, for One day ( 24 hours), apart from my Account Balance as Rs. 38000, we were given impression that with another Rs. 50000, our Total Account balance would be Rs. 88000. Rs. 50000 would be returned, after Expiry date trading, for that particular one day, Profit / loss conditions are explained to me, and I was told that an amount of Rs. 50000 would be returned as per promise. On Expiry date trading I had incurred Loss of Rs. 2500, So From Rs. 50000, loss deducted & remaining amount Rs. 47500 was expected to be returned, I had not asked for further trading after 30th May 2013. After Expiry Date Trading, when I tried to get my Amount Rs. 47500, Mr. Suyash Rathor told me that cheque of this amount would be prepared in 1-2 days, for this purpose Mr. Suyash Rathor had posted a request at Head office for preparing a cheque, and this cheque will be handed over in person by Mr. Suyash Rathor, that does not happened for some days as 1-2 weeks, again I tried to get my remaining amount as Rs. 47500 from him, He told me that this amount would be credited directly into, My bank account by Angel broking – Head office Mumbai. This does not happened for another 1-2 weeks. After this period, I had started communicating with him on phone, he persisted that I don’t need to come at Indore office, he will come to my home to show all transactions with ledger. This again not happened for long time. My husband called him & talked to him in straight terms then he reveled that my account balance is having Rs. 6900 only as on today as 25th June 2013. By his confession we lost Rs. 31000 in days between 22nd May 2013 to 28th may 2013, then again lost Rs. 47500, after Expiry Date Trading. These trading were not done with my consent. We were told all trading is been done from Rs. 38000 as our regular account balance. Mr. Suyash Rathor has misled me, given false assurances, used an amount with improper trade practices, and utilized amount without my knowledge & thus makes his act as committed forgery. Now I want my money back as Rs. 78500 ( Rs. 31000 + Rs. 47500 ) in full & I want to close my account with remaining amount of Rs. 6900 also. Thus makes as total – Rs. 85400. This entire amount would be paid to me within fixed time. Now we had encountered with some crucial & hard facts of our account later on. Such as – From 22nd May 2013 to 28th may 2013, My account balance as Rs. 38000 was utilized and made only Rs. 8000. Trading pattern was not disclosed to me, and regarding Account balance I was repeatedly told that Account balance is as Rs. 38000, in fact it was reduced to Rs. 8000, This was not revealed to me till today as on Date – 25th June 2013. Mr. Suyash Rathor had made a promise that Angel Broking will pay entire due amount, and he will make sure that my amount will be returned to me. I want a clarification regarding this promise, whether this is true in sense or false, and company is ready to pay this amount ? Till this matter is not solve, ensure this fact that Mr. Suyash Rathor will not leave this company. Now I want action to be taken as soon as possible. If steps are not taken properly, then I will be forced to consider various legal options against an individual & Angel Broking. Mr.Vikram and Mr.Deepak somali is know all the issue but he is not cooperate with us.so plz solve my issue.