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[Resolved]  Sharekhan — cheque fraud by manager at pondicherry branch

Respected Sir/Madam,

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.

Thank You,

S. Bindhu
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Aug 14, 2020
Complaint marked as Resolved 
Complaint comments  4 CommentsShareTweet


Dear Madam,
U should suppose to give Crossed Cheque & it should be in the favour of Fund name.In this case mistake is from both the sides .Your innocence was great advantage of those poeple.The only solution hereafter u should be careful in dealing with these kind of people.
I have joined in Sharekhan - Alwarpet branch. I am totally dissatified with your Agent name called Mr.M. Kamaleshkumar
his mobile number is 91-[protected]. He too belongs to your Alwarpet branch. He is placing orders without my knowledge and
playing a lot with my money?.He is not sending any updates regarding the trade which was played with my money.
Even If we called him he is not responding his phone and also if he takes the phone after a long try, he says he is in meeting and
putting off the phone. Do you guys have meetings during trading hours? This is rediculus. 0% help from you guys, no SMS, no Phone
calls nothing from you guys.He simply aims for his brokerage. Not for customer satisfication.

I have to change my agent. I dont want this person and I need some other experienced person.
Since he is from sales side he does not know anything technically about trading also doesnot have any analysising skills.
I'm not sure how you guys allowed him for real-time trading? Totally he is waste fellow.

Till now he never inform me regarding saturdays online trading class which you guys are conducting.
Without proper guidance we are not able to get the knowledge about scrip name and their values.
Kindly do the needful as soon as possible by changing the agent with immediate effect.
Already i have send many mails to [protected] all are in vain.
i am santhosh share khan employee,

1) she(s.bundhu) is working in govt but she is doing finance business with some gondolas(Rovides) .i am also getting a lone from her 20k in my name. i am also more then 60k given but she want more money form me. i am not able to give more money. before that incedant, i am refereed to my friends also . she was threatened to me form that rovides . she know my position detractly.
2) she is will educated and very good criminal. she was create a very good film.
3) she told that complaint, she dint know treading. she is only mutual fund investor. she have not only a share khan treading account she have a networth treading account her client code is 246333. this account was opened on January2008.
she did share trade and F&o trade. she know very well on stock market . she used his account and made lose . but she told she dint know trade. trade account is not necessary to invest on mutual found .
4) she told " i was put the her sign on her chque" how is it possible. i am not a xerox machine. she was providing me on faver on my name.
5) she was told i was made for 6lakhs fraud. i dint do that and she dint have any document regards this.
6) she was spoil my name and my branch manager name and my company name and my great feature.
so i am going to the court. and filed on deformation short of 15 cores.

i will update all the things on this case. lets see

s.santhosh kumar
Here is sharekhan managemanent is "shameless" and biger "shameless" is Mr tarun and mr shanker they cant do anythink for client

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