[Resolved] Indiabulls Securities Ltd. — UNAUTHORISED TRADING, TAKING CASH, CREATING DEBIT | |
IGNORE PREVIOUS COMPLAINT INDIABULLS IS A FRAUD COMPANY. MR RAMPRASAD, HABSIGUDA, HYDERABAD RELATIONSHIP MANAGER ENROLLED ME AS AN ONLINE TRADING MEMBER. THE FOLLOWING ARE MY GRIEVENCES: - SOLD OFF ENTIRE PORTFOLIO OF F&O AT MARKET PRICE WITHOUT AUTHORISATION ON 10TH AUG 2007 - TOOK 15 LACS FROM ME IN CASH CONVERTED INTO A THIRD PARTY DD AND CREDITED TO MY ACCOUNT PUTTING LOT OF PRESSURE ON ME TO ALLOW TRADING ON THE NEXT DAY. - WARNED ME THAT MY POSITION WILL BE CUT OFF AS IT HAS REACHED 95% BUT FAILED TO CUT POSITION AT APPROPRIATE TIME RESULTING IN A DEBIT OF RS 53000 IN MY ACCOUNT THIS COMPANY IS A FRAUD, AND I SUGGEST CLIENTS TO TAKE AWAY THEIR HARD EARNED MOENY BEFORE LOOSING EVERYTHING TO THIS COMPANY WHICH COULD VANISH AT ANY TIME. THIS COMPANY IS A HABITUAL OFFERNDER OF RULED LAID BY SEBI. THE CHAIRMAN AND THE ENTIRE BOARD SHOULD BE ARRESTED AND TRIED BEFORE AN ECONOMIC OFFENCES COURT. REGARDS D. RAVI SANJAY Was this information helpful? | |
Aug 14, 2020 Complaint marked as Resolved | |
 3 Comments | |
Comments
HARASSMENT & TORTURE BY INDIABULLS TO EXTRACT EXTRA MONEY.
I had taken personal loan from Indiabulls of Rs.25, 601/- on 25/5/2007 and repaid Rs.22600/- but just default in one of my EMI of Rs.1800/-, Indiabulls misused my blank security cheque by filling false amount of Rs.28, 249/- and they also misused my blank signed loan agreement by filling false figures of 30 installments instead of 24 (Usurious rate of interest more than 60 % p/a.), denied the receipt of some amount debited from my bank. Even though I tried to settle the dispute by offering reasonable amount pending principal amount and interest amount but to extract extra money from me Indiabulls has filled bogus cheque bounce case against me in Patiala House Court, New Delhi. As it is tough to defend the false cheque bounce case traveling from Mumbai to Delhi, Indiabulls forcing me to pay Rs.33208/- plus uncharged interest. To extract the money company filled thousands of cheque bounces cases in Delhi Courts. In spite of my several complaints to RBI against India bulls, RBI not taking the matter seriously and protecting Indiabulls by neglecting all my complaints. The whole system is working with Indiabulls. To earn huge money Indiabulls bring the thousands of poor borrowers to suicidal point. Financial Company openly violate the fair business practice guidelines given by RBI.
[protected]@gmail.com [protected]
LINK:- http://www.mid-day.com/news/2009/feb/020209-Indiabulls-Securities-Limited-investors-Delhi-news-alleged-fraud-selling-shares-without-in...⇄
I had taken personal loan from Indiabulls of Rs.25, 601/- on 25/5/2007 and repaid Rs.22600/- but just default in one of my EMI of Rs.1800/-, Indiabulls misused my blank security cheque by filling false amount of Rs.28, 249/- and they also misused my blank signed loan agreement by filling false figures of 30 installments instead of 24 (Usurious rate of interest more than 60 % p/a.), denied the receipt of some amount debited from my bank. Even though I tried to settle the dispute by offering reasonable amount pending principal amount and interest amount but to extract extra money from me Indiabulls has filled bogus cheque bounce case against me in Patiala House Court, New Delhi. As it is tough to defend the false cheque bounce case traveling from Mumbai to Delhi, Indiabulls forcing me to pay Rs.33208/- plus uncharged interest. To extract the money company filled thousands of cheque bounces cases in Delhi Courts. In spite of my several complaints to RBI against India bulls, RBI not taking the matter seriously and protecting Indiabulls by neglecting all my complaints. The whole system is working with Indiabulls. To earn huge money Indiabulls bring the thousands of poor borrowers to suicidal point. Financial Company openly violate the fair business practice guidelines given by RBI.
[protected]@gmail.com [protected]
LINK:- http://www.mid-day.com/news/2009/feb/020209-Indiabulls-Securities-Limited-investors-Delhi-news-alleged-fraud-selling-shares-without-in...⇄
I am also an agrieved party and so am inviting all of those who have been duped to join me in raising a voice against this company and therefore help each other to recover the dues from the company.I feel that if we join hands together and pressurise SEBI and NSE they will be bound to take action against this company based on our strong compliants
my contact no is 64506292
my contact no is 64506292
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- SOLD OFF ENTIRE PORTFOLIO OF F&O AT MARKET PRICE WITHOUT AUTHORISATION ON 10TH AUG 2007
- TOOK 15 LACS FROM ME IN CASH CONVERTED INTO A THIRD PARTY DD AND CREDITED TO MY ACCOUNT PUTTING LOT OF PRESSURE ON ME TO ALLOW TRADING ON THE NEXT DAY.
- WARNED ME THAT MY POSITION WILL BE CUT OFF AS IT HAS REACHED 95% BUT FAILED TO CUT POSITION AT APPROPRIATE TIME RESULTING IN A DEBIT OF RS 53000 IN MY ACCOUNT
THIS COMPANY IS A FRAUD, AND I SUGGEST CLIENTS TO TAKE AWAY THEIR HARD EARNED MOENY BEFORE LOOSING EVERYTHING TO THIS COMPANY WHICH COULD VANISH AT ANY TIME. THIS COMPANY IS A HABITUAL OFFERNDER OF RULED LAID BY SEBI. THE CHAIRMAN AND THE ENTIRE BOARD SHOULD BE ARRESTED AND TRIED BEFORE AN ECONOMIC OFFENCES COURT.
REGARDS
D. RAVI SANJAY