Krishna Stocks — Complaint against Cheating on Investment Plan

Address:

Hyderabad, Andhra Pradesh

Date: July 29, 2010
To,
The Managing Partner,
Krishna Stocks
8, Parshwanath complex,
Near New Reserve Bank,
Incometax, Ahmedabad-380009
GUJARAT, INDIA
Customer Care No.:[protected]
Ph Nos.[protected]/19/06/02/07/26
[protected] / [protected]
E-Mail: [protected]@krishnastocks.com
Website: www.krishnastocks.com

Dear Sir,

Sub: Complaint against Cheating on Investment Plan - Reg.

I, Yugandhar Sahu hereby by inform you the following cheating facts happened between me and Krishna Stocks as detailed below:

1) On 22.06.2010 - I have received an SMS message from TD: KrisnaST about 15.49.40 Hrs stating that “Opportunity Like never before Earn Guaranteed profit Up to Rs.120000/- pm in the stock market. Pay only Rs.40000/- for more details contact on [protected]”

2) Having seen the message contacted the said number I got Mr.Manish Varma and appraised by him that if I pay money of Rs.40,000/- then I will get in 1 month’s time an amount of Rs.1,20,000/- as assured money; I expressed doubt that how you get that money then he clarified that with our money they generate profit in stock market and give our commitment figure; also confirmed that we need to submit our personal details along with PAN so that they do trading by them on our account.

3) To take written confirmation I requested to send an email. I got the email confirming the above. (Proof enclosed).

4) Having impressed, I have remitted an amount of Rs.10,000/- as online transfer from Axis bank vide ref No.ICONN/7609531/ [protected]/220610/ favoring Krishna Stocks; dated 22.06.2010; after taking confirmation I was told by him that I will get agreement copy along with PDC cheque for Rs.30,000/-.

5) On 24.06.2010 received call from Manish Varma that we have earned Rs.38,250/- on your account, you please remit the remaining amount of Rs.20,000/-; but I remitted an amount of Rs.10,000/- 28.06.2010 only taking the assurance that will get agreement and PDC cheque for Rs.60,000/-.

6) On 01.07.2010 message received at 9.45pm from Manish Varma Mobile ([protected]) stating that Am leaving for Indore for 2days, will do trading in your account from Monday.

7) On 06.07.2010 again received call from Manish Varma for paying the balance of Rs.10,000/- but I said to please provide the agreement and PDC for previous amounts then only I will process.

8) On 15.07.2010 I received a call from one person belongs to Shiridi (Mob. No.[protected]) that he was impressed by him on the above manner and asking my confirmation; but I said to wait till 22nd which is my due date.

9) On completion of my due date I tried to contact Mr.Manish Varma on his mobile and Company land line numbers, but efforts are failed to reach him.

10) Today morning (29.07.2010) having doubt I called the company land line number and as general customer enquired about the Investment plan with Mr.Aryan; he explained everything as said above and as per my request provided reference number as Mr.Hitesh Mob No.[protected] who belongs to Mumbai. Having talking with him I understood that he is also belongs to the company only.

11) Having completely an idea about cheating the customer I called today evening and understood that they are cheating by saying investment plan with money back. After one month if the customer calls and insists they are saying the money paid by you is advisory charges only.


From the right beginning I am having the doubt about this company scam; As an cheated customer I want to blow up this scam to public I too cooperated to them keeping all voice call conversations recorded. And I too found that the calls received by me from KrishnaStock company phones only.

This is my final warning to the company to call the undersigned and explain on the above, otherwise will treat as scam and proceed legal action against the company.

Regards,

Thanking you,
Yours truly,

Sd/-
YUGANDHAR SAHU
Flat No.208, 5th Block,
Prajaycity, MIYAPUR,
HYDERABAD – 500 049.
Mob No.[protected]
[protected]@yahoo.com