[Resolved] Sharekhan — cheque fraud by manager at pondicherry branch
I want to bring to your kind notice that, I have opened a demate account in ShareKhan Ltd. at Pondicherry Branch. My Client ID is – 210624 . The Relationship Manager in-charge for me is Mr. S. Sathosh Kumar.
I have given 4 cheque in favour of ShareKhan Ltd. to buy Mutual Fund in order to get tax benefit. As I am a Government Employee (Government College Lecturer), and hence I liked to invest in Mutual Funds for Tax Saving Benefit only.
At end of the year my auditor asked me to provide me with the Mutual Fund Document. So I went to ShareKhan Office to get the document. At that time they have provided me with the Document of Sundaram Paribas Mutual Fund for an amount of Rs. 42, 000. When I handed the document to the auditor, we came to know that this document is duplicate document. They have cheated me by giving me a duplicate document.
After I came to know this, I went to ShareKhan Office and asked Mr. Madhavan (Branch Manager) to provide me with the ledger statement of my demate account. But, Mr. Madhavan refused to provide me with my ledger details. Then I enquired the Manager about Mr. S. Santhosh Kumar (Relationship Manager). At that time the Manager informed me that Santhosh has resigned and he as joined in another Broking House.
After one month I requested to Mr. Madhavan again to provide me with my Ledger Statement. Finally after struggling a lot Mr. Madhavan gave me my ledger. Seeing that ledger I shocked, the amount which I gave to buy Mutual Fund was been used for Trading in Equity and FNO without my permission. I came to know that unauthorized trade has been occurred in my account. When I checked my balance I came to know that my balance is zero.
Then I checked all my transactions in my ledger and found that only two cheque has been credited in favour of ShareKhan Ltd, . for an amount of Rs. 22, 500 totally.
1. Cheque No. : 5860 Date: 18/08/2008 Amount: Rs. 2, 500
2. Cheque No. : 9782 Date: 20/11/2008 Amount: Rs. 20, 000
The remaining two cheque was not credited in my ShareKhan Demate Account for an amount of Rs. 15, 000 one cheque and for Rs. 5, 000 another cheque.
I went to my bank and checked whether the remaining two Cheque has been Cleared or not. At that time I came to know that those cheques were cleared in the name of Mr. S. Santhosh Kumar. I found that Mr. S. Santhosh Kumar has put my signature and withdrawed the amount.
I again went to ShareKhan Branch and said to the Manager about this mis-handling of the cheque. At that time the Manager informed me that Mr. Santhosh Kumar is not working in ShareKhan Ltd. and said that he has joined in ITI Securities Financial Ltd.
Then I enquired to other Clients and staff of ShareKhan about Mr. Santhosh Kumar. All said that he is not working here. But one of the staff in ShareKhan told me that still now Mr. Santhosh Kumar is getting his salary from ShareKhan for the past 3 Months.
Then I went to than another borking house. to enquire about Mr. Santhosh Kumar. From there I came to know that he has joined there for job as Relationship Manager for the Past 3 Months. How a person can work in two different companies? I have proof that he has worked in another broking house for the past 3 Months also.
Then I again went to ShareKhan and enquire the Clients. At that time I came to know that more than 20 ShareKhan clients are been affected with the same kind of problem and about 6 lakhs rupees have been misused without the knowledge of the clients. I came to know that even the Branch Manager Mr. Madhavan and the entire ShareKhan Team has also indulge in this kind of fraud along with Mr. S. Santhosh Kumar.
I have all the evidence for all this fraud that has been taken place. I need an immediate solution for my fund that has been used for unauthorized trading or else I will go to the court. Nearly 20 ShareKhan clients are ready to come along with me to file the case in 2 or 3 days. We have all the needed documents to prove this fraud. Hoping for quick and good solution for this problem.
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Aug 14, 2020Complaint marked as Resolved
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