Motilal Oswal — lost my hard earned money

2 Reviews
 Babu1609 on Mar 8, 2018
My client code # ceb215. Last year i was approached by your agents (His name rajesh) and talked very sweet and told me that i invest money and guaranteed that i will get income everymonth minimum 5%. I am retired person got small money from my retirement benefits and on his words invested 50000. I was assigned with a person named thiru and he told me to invest another 50000. I did that also. But after that he used to call me and everytime i was only telling him this that i need some monthly income from my investment for my medicines etc and to please carefully do transactions in my favor. He nodded his head for all and left your company. He called me personally to invest in his new company. I asked him what happened to my 1 lakh in mosl. He gave me another person name bala and to speak to him. When i spoke to bala i was shocked to hear that i lost 50000 out of my 1 lakh rupees. I asked him why. He kept quiet. I rushed to his office but he said lost is lost cannot do anything. But to cover the loss he will use balance 50%. Same like i told to thiru i told bala also that i don't know this trading so he should help me to cover my loss or otherwise i will withdraw the balance money. He said no need to withdraw keep the money. But from his side also no support same like the previous guy and everytime i check i was losing only. So in a fear i had to close the account and took back only 29000 out of 1 lakh my hard earned money of 20 years. Your people selfishly fool the people and take them on board and once invested they don't care and we lose money. Its really a sort of cheating. I know this much that stock market is risky but joined based on the assurance given by your people. I am really sad for losing 71% of my hard earned money and left it to god; that's my destiny i had to be cheated by mosl people. This is totally unfair. For their benefit they shouldn't grab poor people's money like this.
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    Motilal Oswal - lost my hard earned money

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