Religare — Cheating & fraud

Dear Sir,

I have not given any permission or authorisation to Ravinder Tewari to buy os sell
Future or options.The unauthorized trade transaction was done without my consent.
Filling up the Religare form and giving the power of attorney does not give my broker
the right to misuse the power and do whatever he feels like.
Furhter note I have repeatedly requested tewari over phone not to do these transaction
that I do not give consent nor he has spoken to me over the phone before buying the future option o[censored]nitech or IVRCL .Please note that I had made the payment for the procurement of Titan Industries and Reliance shares.
How is it possible that anybody at any time can or is allowed by religare to make
decisions for the accountholder on his own judgement without permission and authorisation
of the account holder? Is this fair towards any client or accountholder at religare or any other brokerage.
Can the brokerage firm trade on its own and try to show that because once you have filled
the form they are at liberty to misuse the power in any way.

Thanks

Anjali Singh.
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Comments

I got a call from Mr. Rajat Singhal ( # [protected]) regarding opening DEMAT a/c in Relligare then I inquired a little bit about facilities given by them, somehow I got satisfy with their scheme and I had given a cheque of 15000.

Within 2-3 working days that guy opened my trading a/c & started trading without my permission. I asked him about updates.. sometime he updates me & sometime he used to trading in Future & options.

Ultimatelly he lost my 10000 while I keep on asking him not to do any trading any account.
Now condition is that, the guy is [censored]ng nt even picking my call as well that [censored]ing staff & office Landline keep on buzzing but no responce.

As of now I hope I lost my 15000 INR totally & this is reality of cheating of customers in Relligare Securities.



Please Note that :

Relligare is really [censored]ing trading company which originally made to ruin your savings.
I got a call from Mr. Rajat Singhal ( # [protected]) regarding opening DEMAT a/c in Relligare then I inquired a little bit about facilities given by them, somehow I got satisfy with their scheme and I had given a cheque of 15000.

Within 2-3 working days that guy opened my trading a/c & started trading without my permission. I asked him about updates.. sometime he updates me & sometime he used to trading in Future & options.

Ultimatelly he lost my 10000 while I keep on asking him not to do any trading any account.
Now condition is that, the guy is [censored]ng nt even picking my call as well that [censored]ing staff & office Landline keep on buzzing but no responce.

As of now I hope I lost my 15000 INR totally & this is reality of cheating of customers in Relligare Securities.



Please Note that :

Relligare is really [censored]ing trading company which originally made to ruin your savings.
kindly email this query to ashu.[protected]@religare.in or ajay.[protected]@religare.in as these people are responsible for thier employees and if they do not act in acordance with you kindly mail the complaint to sebi so that strict action will be taken against the company and you will get you money back too
@Anjali Singh - can you tell us about your experience when you got in touch with Religare about the problem?

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