| Address: | New Delhi, Delhi, 110002 |
| Website: | motilaloswal.com |
M/s Motilal Oswal, so called a big name in financial services is a big fraud .
I have opened a account for trading with them in 2018, and has found that the recommendations are so poor, that the losses were piling up and had shared the data that throught one year the fund value never crossed investment value.
When tried to talk to their officer - Khushal Rawal - They have changed the advisor .
New advisor is so pathetic, that he started doing the trading without consent .
Now i made a complaint to their customer service, they have provided half the info - out of two trade one trade sound clip only provided against the mail sent on 7.3.2019
Dear Motilal Oswal team,
Enclosed is the Heavy loss statement on account of poorest services and tips given by Motilal team .
From Jul18 till 3rd Dec 18, I have lost 5.76 lac on account of intraday trading and future .
Hence i need to get the sound clip hearing to be done in your delhi office - if you are unable to send to me personally to my Email.
Following dates are important
26th july 18 - Loss of 2, 28, 890/-
30 Aug 18 -Loss of 71668/-
25 oct 18 -Loss of 80482/-
27 sep 18 -Loss of 1, 95, 117/-
Total loss - 576158/-
Additionally, i need the sound clips for Nov 18 and till 3rd dec 18 to know why so much of trading has been done without consent leading to the losses .
If you hear the tape, you will know that the day there was a loss, the relationship manager has never informed ...
Apart from there is a Net loss of 1.76 lac in equity, which i donot know if you can share the sound clips .??
I also need to have the escalation matrix of your top management - CEO to make him aware of the losses your team is making for me and the way your RM handles the business ??? and how your seniors are supervising further .
Acct -H41541
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With Best Regards
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