[Resolved]  Karvy — Karvey fraud in Lucknow

Address:

226001

My father’s (aged 75+) hard earned money was fraudulently taken by Karvy Lucknow. He had 4, 500 shares of HLL. All of it were sold off without the knowledge of my father. I was in Mumbai and whenever I used to come, I used to ask his servicing consultant; it was told to me in 2015 that about 1, 400 shares were sold. It was a week back, May 2016, that we got to know that all 4, 500 shares were stealthily sold by Feb 2014 and the information hidden from us. Intermittently my father due to health complications (open heart, other operations) needed money to pay. He was given only 9 lacs. The price of HLL in 2013 till 2014 (the period when shares were sold) was INR 530, this would have given him 23.85 lacs. Karvey has duped my father and currently has left only 50, 000 worth of Hindustan Motors shares, nothing else is left for him.