Motilal Oswal — Regarding closing of trading account h21113 because of fraud and malpractises made by dealer

Address:Mumbai City, Maharashtra, 421301
Website:motilaloswal.com

This was the complaint made by me to motilal oswal and still struggling to find a resolution can anyone guide me about how to find justice regarding the same.

Kind Attn

I want to terminate the services on immediate basis and get my losses back as there has been a misleading and fraudulent communication done to me by your team, which has caused me monetary losses.

My Client code is H21113 Name – Nirmal Shah Mobile number - [protected] and the dealer line which i call is[protected] and[protected]
My normal and maximum conversations are with Dharampal oberai, vivek, Shrikant and Yogesh on these numbers.

This is the fraudulent incident which has happened with yesterday and today.

My open positions were sold by Dharampal Oberai without even confirming with me and adding it to my knowledge.

I had received an RMs message yesterday on 31st august which i was not able to understand so i made a call to my dealer (dharampal) he had mentioned that he will be on leave and i had his cell phone number so i whtsapped him the sms he mentioned that there might be a shortfall and i will have to call on the board line number and talk to the dealer present as might be the right person to put light on it.

After been guided my Dharampal i immediately called on the board line number and spoke to shrikant that i had received an sms and dharmapal guided me to confirm it with you wether the message is true or the status has been modified.

( because i was aware there might be a downfall and i had made an neft of 30, 000 to cover the margin) Mr. Shrikant assured me that there is no rms and none of my open positions will be squared off which was also mentioned by Vivek in the Morning time.

And today morning Dharampal called me from the board line and said that there is an rms and he will have to check the details why is it there with fuzzily and team and he will get back to me immediately as i was confused why there would be still a shortfall.

Neither had he called me nor confirmed the selling of open positions or neither did he check with fuzail and called me back to make me aware about the current situation.

I when casually checked my positions it showed that the positions were squared off and that was a surprise to me that how such a fraud and carelessness can be done to me where i have suffered monetary losses.

I am totally frustrated and it has made me sick knowing how such people can be associated with a brand name of motilal oswal and operate such fraudulent services and carelessness while dealing with other people's money.

I hereby wish to obtain the information regarding why such kind of malpractices were done by these people to me and want my losses back which were cause by carelessness and immaturity by the team.

I hereby look forward to obtain a resolution and justification regarding this malpractices and fraudulent acts.

Thanks,
Nirmal Shah
[protected]
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