Nirmal Bang — unauthorized trading done in nirmal bang and duping of rs 80000.

Address:

Kolkata, West Bengal, 700102

I have a an account with nirmal bang securities (A/c no-w2460004). My account as opened in the parkstreet branch and i was assured best of service with good returns by the executive arif mehmood & dheeraj kumar who opened and handled my account. I funded my account with 1 lac after opening. Dheeraj started trading in my account heavily in derivatives with huge exposure everyday and most of the trades done were without my consent. I incurred heavy losses everyday and repeatedly told him to stop trading in call & put option. Share market was in full growth phase that point of time and even a layman in the industry made profit but to my astonishment most of my trades done by dheeraj & arif resulted in huge losses. They did not have any expertise in the subject with pathetic customer service. They stopped taking my calls after few days and even the land line number was being picked up by someone else who assured my a callback from them which never came. My fund of 1 lac stands at 22k now in 2 months which i have withdrawn. I myself work in a reputed bank and have never seen such a bad customer service & unprofessional behaviour. I believe this is a racket run by the executives in the company to dupe peoples hard earned money else how can the trades be done without my consent and how can all the trades turn into losses in a bullish market. I have already circulated the information internally in my bank not to open any account in this fraud company. I need a proper investigation into the same and a complete refund of my entire money along with interest within 15 days post which i will issue a legal notice.