[Resolved]  Religare Securities Limited — Return of money in client code - ss 6706 due to losses incurred fraudulently‏

From: saurabh singh ([protected]@hotmail.com)
Sent: Wednesday, May 14, 2008 4:55:37 PM
To: Amandeep Sahney (amandeep.[protected]@religare.in)
Cc: [protected]@religare.in; [protected]@religare.in

Amandeep

You have time until Tuesday as requested by you to dilute the holdings of these 900 shares with the explicit understanding that I will get back my money next week.

Also I will not be charged any Interest on the margin money amount( which you too have already confirmed in your preceding mail).

Thanks

Saurabh Singh






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From: amandeep.[protected]@religare.in
To: [protected]@hotmail.com
CC: [protected]@religare.in; [protected]@religare.in
Subject: RE: Return of Money in Client Code- SS 6706 due to losses incurred fraudulently
Date: Wed, 14 May 2008 16:19:46 +0530


Sir as discussed with you over the phone and also in our last meeting, where you have given us some time for squaring off the position .



In our meeting I have also very clearly mention that each and very penny loss will be compensated by the RM,



As per our telephonic conversation I again request you to please give Anupam Singh time last by Tuesday 20th may .I further assure you that the all the interest part of holding the position of 900 HDIL will be taken care .



In the mean time I provide you the entire necessary document which gives you the clear picture of the loss till date in the particular script.



Best Regards,



Amandeep Sahney

Branch Manager

Religare Securities Ltd

SCO 11, 2nd floor, sector-14, Gurgaon

Hand Phone: +91-[protected] Fixed Line: +[protected]





Website: www.religare.in



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From: saurabh singh [mailto:[protected]@hotmail.com]
Sent: Wednesday, May 14, 2008 3:49 PM
To: amandeep.[protected]@religare.in
Cc: [protected]@religare.in; [protected]@religare.in
Subject: Return of Money in Client Code- SS 6706 due to losses incurred fraudulently



To
Amandeep Sahney
Branch Manager
Religare Securities Limited
SCO- 11, 2nd Floor, Sector- 14
Gurgaon- 122001

Sub: Return of money in my account no- SS 6706 due to losses incurred fraudulently

Amandeep,

1. As discussed, in the meeting held in my office between you, self and Mr Anupam- Relationship Manager on 9th May 2008, I would like to get my hard earned money back that has been wrongfully taken away from me without my knowledge.

2. As I have already apprised you that I have suffered these losses over two days-

a) Rs 75000- When 6000 shares of HDIL were bought and sold in a single day without any authorisation from me and without my knowledge. I would also like to further confirm whether the losses bearing out of this transaction is only Rs 75000/- or more.

b) Just two days after the first unauthorised transaction, another illegal transaction was done wherein, 6500 shares of HDIL were bought by Mr Anupam and 5600 shares of HDIL were then sold by him at a loss the same day. Further, he went on to take a delivery of 900 shares of HDIL amounting to approximately Rs 750000/- in my account no -SS 6706.

3. In doing so, not only did he inflict a monetary loss on me but also has caused me emotional distress and trauma as I am under tremendous pressure and stress since the last week. I have been getting Warning SMS's from Religare on my phone asking me to replenish my margin money which I simply cannot as I don't have this kind of money.

4. To make matters worse, all this was done in a way whereby I wasn't informed at all and I am presently being charged Interest on the margin money by Religare for no fault of mine.

5. My submission to you is as follows-

a) Please verify and calculate at your end if the amount of loss due to the first unauthorised transaction is limited to Rs 75000/- only or more. I would request you to arrange for the return of money promptly.

b) Please do not saddle me with these 900 shares of HDIL which infact I never brought and which have been inflicted upon me without any authorisation from my side.

c) I would also demand that I should not be charged any interest on the amount of margin money for this unauthorised and completely illegal transaction.


Kindly resolve the issue at the earliest and do let me know by email and written form the method in which my money will be returned to me.


Keeping in view the above facts, I demand that the total amount be calculated and intimated to me with complete details and my "Money Returned to me” to maintain the reputation of the company( Religare) as well as keeping a customer’s faith intact. Afterall, a customer has given his hard earned money and made you the custodians of it in the hope that you would keep it safe and secure.



I hope, we can settle the issue amicably and I shall not be compelled to take the matter further.



Yours sincerely,

Saurabh Singh

Client ID- SS 6706