Kaynet Group — refund - issue

Address:

Ghaziabad, Uttar Pradesh, 201001

I opened an account with kaynet a month back, i transferred inr 5000, the broker started trading derivatives without my consent. I asked him to stop and did not check for balance. Now when i asked them for letting me the know the balance, they gave me incorrect value, i asked them to return it and have been waiting for my fund from last week.

I tried opening my account online, it said user name is invalid, the id was "100jy37". I got the intuition from the very beginning that these people are fraud, now all i want is to have the depository account closed. Also i am afraid if they have any signature of mine over form through which they can deduct money directly from bank (Referring the sip process). I will check with my bank if this may happen and inform them as a precaution.

Surprised to see many complaints against this fraud company over internet, that too having high page ranking, still no big action was taken. Either they should be fined or banned so as to safeguard other vicitims