[Resolved]  Indiabulls Securities — Indiabulls(share broking firm) Complaints - Relationship manager made my loss of about 40,000+ rupees by cheating me

Address:

North 24 Parganas, West Bengal

At the outset please acknowledge my heartfelt gratitude for organizing a very important forum such as this to assist commoners like me.

I have read complaints lodged by Ms. SANDHYA VALIGONDA vide her email on Jun 21, 2009 bearing remarkable simili with my case.

I was first tapped by Swagata Roy, a Sr. RM of IBulls (Prafulla Kanan branch, Kolkata). Then his assistant, an RM, Atanu Seth contacted me and I had opened account with them in Nov-2010. Branch head is Samapta Chakraborty.

In first week of Feb-2011, I invested an amount of Rs. 40,000+ and within two weeks I made a loss of not less than Rs. 40,000+ by investing in nifty and other futures.

Atanu, who is supposed to be my RM, dealt with two or three of my initial transactions where profit/loss was marginal. The larger transactions was through somebody else in the name of Mrityunjoy (I don't know who he is) and I lost all my investments. I tried to call Atanu several times but he never responded at those transaction times. I also called Branch Head Samapta, spoke to him twice, he assured me to take personal look, but only big talks and no result.

And now, after this incident, in last one month, they never called me to transact or put money in their kitty any more, .....heh.

I thought of going to police but I did not because I knew nothing will happen.

I believe there are many like Ms. Valigonda or I out there.

There should be a campaign in future in internet or in some other form against this sort of broking firms and the government laws must also be more stringent.

I sensored this write-up just to avoid legal hastles but I believe people will understand what I really meant.

I shall be with you in this regard and I shall be a regular visitor to your website from now on.

Thanks and best regards

Soumyadeep Biswas
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