[Resolved]  Karvy — Misappropriation of funds

Address:	500018
Website:	www.consumercomplaints.in/karvy

Issued two checques karvy stock broking bearing no.579568, dt.29.01.2016 for rs.50, 000/- for puchase of 200 icici bank shares and second cheque bearing no.579566 for rs.37000/- for purchase of 100 suven farma shares and 100 divan finance shares and asked for delivery of the shares with you view to making sale of those shares at a later date. After that went to my home town kakinada, 15days back i went to karvy stock broking ltd. Plot no.6-b, opp. Community hall, shopping complex, motinahar, hyderabad - 500018. And asked mr. Venkatesh, who is incharge of karvy stock broking ltd. Mothi nagar to sell 200 shares of rs.245.30/-per share and 100shares of suven farma at rs.217/- per share. He told that shares are sold and after one week again i went to karvy stock broking ltd, mothinagar, again and again i asked assistant who is working in that branch office to sell 100share of devan housing shares at rs.197/- she said sales have been sold. And i asked them to give cheque for the amount of shares sold, they are avoiding to give cheque. I understand the amount has been missappropriated by them. Please help recover the amount and credit to my account no.[protected] iob,