[Resolved]  India Infoline Limited — COMPLAINT AGAINST UNATHORIED /ILLEGAL TRADING IN MY ACCOUNY

I HAVE OPENED A ACCOUNT WITH INDIA INFOLINE LTD ON 18.01.2008 AMOUNT OF Rs 25000/.ON 21.01.2008 I BOUGHT AND SOLD 20 SHARES OF CIPLA AND EARNED PROFIT OF Rs.110.14 .AGAIN ON 29.01.2008 I BOUGHT 10 SHARES OF SOBHA DEVELOPER MEAN WHILE Mr.SUJAN MADE SOME TRANSACTIONS IN ACCOUNT DEBIT OF Rs.16922.69 AND Rs.1478.90 WITHOUT MY KNOWLEDGE .I VISITED THEIR OFFICE IN THE EVENING I FOUND THERE WAS DEBIT BALANCE IN MY ACCOUNT SO I HAVE DEPOSITED Rs.5000/.

ON 03.02.2008 I LEFT ALONGWITH MY WIFE TO HONG KONG TO VISIT MY DAUGHTER PLACE.THERE AFTER WHATEVER TRADING IN MY ACCOUNT WITHOUT MY CONSENT AND KNOWLEDGE .

WE CAME TO BANGALORE ON 28.03.2008 .
I HAD BEEN TO THEIR OFFICE TO COLLECT THE STATEMENT OF ACCOUNT ON 08.04.2008.THEN I FOUND ILLEGAL TRADING AND UNATHORISED TRADING IN MY ACCOUNT WITHOUT MY CONSENT.

Mr.SUJAN, THE RELATIONSHIP MANAGER ACTS AS IF THE MONEY BELONGS TO HIM .

WHEN THE MARKET WAS TUMBLING HE (SUJAN ) TRADED IN
F& O AND IN THE PROCESS I HAVE LOST Rs.18200/.

NOW I CAME TO KNOW THAT Mr.SUJAN LEFT THE JOB AND Mr.VINAY B P BRANCH MANAGER TREATING ME AS IF WE ARE BEGGING THE AMOUNT .

TILL DATE THEY ARE NOT WILLING TO SETTLE THE AMOUNT NOR GIVING PROPER REPLY.

I PRESUME THAT THE COMPANY DOING FRAUDULENT
TRANSACTIONS WITH PUBLIC MONEY AND EARNING BROKERAGE AND CHEATING THE PUBLIC .

NOW I AM 57 YEARS AND WORKING IN PUBLIC SECTOR BANK AND PUT 35 YEARS OF SERVICE AND I CAN NOT SUSTAIN THE LOSS BY THIS WAY OF DEALING BY THE COMPANY.

R SUBHAS PRABHU
(SUBHAS28)