[Resolved]  Religare Securities Gurgaon — Shares Trading

Address:

Gurgaon, Haryana

Dear Sir,

I hold a Demat account with Religare Securities Sec 14 branch for the past 5 years. I hold Shares in demat form. They were recently listed and i was contacted by there staff member MR. NEERAJ SAINI to operate a trading account against some facility that RELIGARE agreed to provide me. I was requested to tranfer 20000 shares of GPPL to free float account and was told that i could purchase stock worth 30 lacs. I did the same, and religare did the transactions for me. After 20 days of trading, religare informed me that the shares held by me, were in LOCK format for 1 yr and if i was to hold my current position i have to give them 10 lacs deposit. This was MPOSSIBLE to arrange, as i had told them from the start that the shares in demat was all that i could pledge. After a few days, they liquidated my position, and debited more than 3 lacs loss to my account. Since then MR NEERAJ SIANI has FLED the job, and as per my information, he has been invovled in some more such dealings. I have requested religare to fairy judge my issue and resolve the same, by repaying me the loss amount, as this was incurred due to over sight by the company.

Kindly help me, as they are not responding professionally and i have just heard once or twice from there juinor staff.. They keep seeking a NOC from me, just to close the issue and dont want me to file any complaint. This is my official filing for the same.

Regards

Kanwarjit SIngh
Account : Ks 3331