Nirmal Bang — Fraud committed by Nirmal Bang

Address:	302012
Website:	www.nirmalbang.com

NIRMAL BANG SECURITIES PVT. LTD.
Jaipur

Dear Sirs,

I would like to inform you that I am a small trader having an active account wit h M/s Edelweiss. Ihave been trading in equities with them since more than two years.

On March 23rd, 2017, I received text message on my mobile from HP-NRMLBG at 2:46 pm with following text:

“Short Term Cash (2-4 DAYS) : BUY 25000 QTY OF ACHAL INVESTMENT
(BSE CODE-538570) @ 4.75 sl 4.60 TODAY..
TARGET 8.50 NIRMAL BANG
2.46 PM”

This was the very first message I ever received from M/s Nirmal Bang and being a reputed and recognized broker, I put my trust on your message and bought 6600 shares of Achal Investment @4.85 on same day that is March 23, 2017 amounting to Rs. 32, 010.00 (plus cost of brokerage & taxes) in order to make profit of Rs. 24, 090.00 as quoted in your test message stated above in a time period of 2-4 days which expired on March 30, 2017 by which I supposed to sell the stock @ 8.50 per share and quit with profit as committed in your text message.

Since I bought the above said quantity, I am not able to sell even at loss at the prevailing price of Rs. 4.30 as on March 31, 2017 and my investment in stuck bearing heavy interest being charged by Edelweiss.

I am holding NIRMAL BANG responsible for deliberately giving me wrong information and incur possible losses. Recovery of any losses plus profit of Rs. 24, 090.00 along with interest and maximum possible compensation will be pursued by me through all legal means and online compaign for a fraud committed.

Official complaint will be lodged with SEBI shortly.

Mahesh Bhojwani
Mobile No. [protected]