Religare Enterprises Complaints & Reviews

From: Rekha Kharyal

Flat no.226, Plot no.-15,

Great India Apartment,

Sector-6, Dwarka,

ND-75



27 june 2009




Subject: complaint against Mr.Supradip Ghose (s/o Dilip Kumar Ghose) for a fraud related to Shares transaction who was an employee of religare securities india pvt ltd.



I would like to draw your kind attention that I’m a customer of Religare and my DP ID is

IN301774 and my client ID is 12251258. I had my account in Stock Holding Corporate of India /(SHCI). I was having shares of a few companies in my account which were on my name, operated by my husband. I was inexperienced in shares handling. My husband expired on 5 September 2006, due to I.L.D. at AIIMS. I was mentally disturbed at that time and didn’t know what to do. After a long time I enquired about my and my husband’s shares. I faced a lot of problems in the transfer of my husband’s shares to my account. Two/three affidavits were made and I visited their office several times .Ultimately the shares which were my husband’s name were transferred to my account .I was fed up with SHCI then thought I will transfer my holding from there. My bank account is in S B I .I came to know that S B I. is also going to open stock marketing business but that was delayed. One of employeed in S B I introduced me to her colleague Mr Supradip Ghose who was working in Religare as a manager.Mr. Supradip Ghose assured me that my account will be operational in no time and I would be able to make transactions very easily. Then I opened an account in religare. He took a number of signatures from me and told me that he would take instructions telephonically and operate my account, which I will be in a benefit. I received my account statement from Religare on 5th January 2009 . I was shocked to know that I’m having very less shares. I

enquired from the customer care no. 30812345 that the shares which had been transferred from Stock Holding to Religare are missing. Then I came to know that the following shares have been transferred to Supradip’s account CLIENT ID- LTD/11103748 at Religare: Resident of: 506, GOVERDHAM BUILDING, KAUSHAMBHI, GHAZIABAD, pin code: 201012



COMPANY No. of shares

HOEC 200

HPCL 150

Indian Bank 80

Petronet LNG 2000

I was not aware of how Supradip Ghose transferred all the shares mentioned above to his account without my knowledge without any money transactions. I asked him via phone about why did he do so. Then he refused to be aware of this and told me that this might have been done by Shalabh who’s the present manager of Balaji Enterprises (the franchise of religare), 06, first floor, Parsvnath Plaza, sector-27, Noida. The name of the dealer of that branch is Aarti Shroff.

I called Supradip in my office at AIIMS hospital and showed him the documents regarding to the transfer of all my shares to his account and warned him to return all my shares otherwise I will launch an F.I.R against him and complain to the customer care.

Then he assured me that he’ll return all my shares within 10 days and gave a written statement in front of two witnesses on 4/2/2009 for the same. I have called him so many times since then but he denied to return the shares. I gave a written complaint on 20/3/2009 to Ms.Aarti Shroff. On 23/3/2009 I received a statement from Religare that 1500 shares of Petronet LNG have been transferred to my account. I again asked him that when will he refund all my remaining shares, but he’s not receiving my phone calls. When I enquired this from the Airtel office, the told me that he has deactivated his mobile number which was

[protected]. So I’m unable to contact him. I’m the only earning member of my family having 3 children. Due to this I’m suffering from depression and am being treated at my hospital. Who will be responsible if any mishap happens with me and who will look after my young children?

He transferred the shares on 2/2/2008 when my shares were of a very high value, I would request you to take immediate legal action against him and help me have my shares back with the amount of money he was benefited with at that time. I didn’t launched a complaint against him because he assured me that he’ll refund all my shares but the price of those shares on 2/2/2008 were high and now have fallen down. Supradip Ghose too left his job from Religare on March/April 2008.



Please take immediate action against this case so the problem can be solved as early as possible and I can be relieved from this mental depression.





please respond!





Yours faithfully

Rekha Kharyal

Phone no: [protected]

25086884

email id – [protected]@yahoo.com

Respected sir/madam

I worked with rtbil (Religare technova business intellect limited), i have submitted my pf form with complete information in the said office by my hr department in the first week of march, 2009, since then i havenot received my pf money from them. They said that you will get your pf claim with in 45 days after submission of form,
Please look forword to my request as soon as possible
Pf no.- dl/935439/404, mobile no.- [protected]

Thank you

1. At 11:58 am I got a call from Mr. Amit (Tel #[protected] amit.[protected]@religare.in) informing me there is a margin short fall of funds in my account. Due to some technical problem, I could not transferred online and requested him to hold the position and I will arrange the funds by cheque which he will arrange to collect from me on same evening.
2. Surprising same moment as I checked my trading and surprised by seeing that the position has been traded by RACERMC6 at the highest intraday sale price of Rs. 272.45 at 11:57:58 by booking a loss of approx. 98, 000/- without my consent, which a huge loss for a retail investor.
3. So, I would request your good self to look into the matter immediately and revert the entry asap.

I am an account holder with religare for share trading. their share trading interface takes 15 minutes for me to log in and to sell or buy it takes another 10 minutes. It also automatically expires my session and due to this i have to login after every 5 minutes to sell or purchase securities. Everytime i call their technical deptt., they put me on hold and never take any calls. I am really fed up.

Sir,

I had opened this account in Religare( for earning money) through a broker named Raj in Feb 08. At the end of one year after investing my hard earned 1, 10, 000 Rs, I am left with only 3000/- in my account. most of the time only my broker Mr. Raj used to trade intra day. My cash holdings also he used to tell me to sell, saying that the market will go down tomorrow. we will bye it again when it will go further down. and this way he duped me totally. So i am not at all happy with Religare and its employees.

From last three months I have been requesting him that I want to close my account, even then he is not coming to help me.

So you please advise me how to go about it and please take action against Mr. Raj, who cheated me by buying stocks at a higher price and selling at a lower price.

I hope you will definitely help me out.

Thanking you,


Sunil Kudalkar

I transfer funds to religare securities electronically which gets their bank a/c credit the same day but in my ledger they update after 2-3 days inspite of repeated reminders. And charge interest to my a/c for those days also even getting credit earlier.

Client id sg 8462
[protected]

Their details address: 19, nehru place, new delhi, delhi -110019
Member: nse: sebi regn. No: inb[protected] &...

From: Mohit Soni [mailto:[protected]@yahoo.com]
Sent: Wednesday, May 27, 2009 2:18 PM
To: [protected]@religare.in
Subject: pf not received yet...!!!



Dear Sir/Madam,

I was employee of Religare Securities Ltd. at Jaipur Branch : C-scheme (1085)).

My Emp. Code was 13541 (Mohit Kumar Soni).

My PF No. MH/38968-A/9337

I was employee of this organisation since 26-Dec-2007 & left the job on 12-Dec-2008.

I had fill the form for the pf withdrawal on the date 12 Feb 2009.

Trying harder but till the date I didn't received the same.



Regards
Mohit Kumar Soni

I am having a Wagon R model:2005, having registration no: KL-7 AW 1113 (Kerala registration)

Yesterday I had a bitter experience from one of your leading Maruti dealer (Indus Motor Company.Pvt.Ltd, Cochin). That experience is loosing my confidence in maruti service centers and your selection of Maruti dealers. It is directly affecting your brand image.

Here I am coating you two minor experiences I had faced at your service center last day,

1) After completion of the service I had opted for test drive along with service person, I found my vehicle was running in very uncomfortable way such as a boat sailing in ruff sea and I had inform the same with the service person who was along with me in car and he was just giving very poor un ethical explanations. When I check the air pressure in tyres, one wheel was having air pressure of 16 on the service they are charging me Rs 230& Rs170 for wheel alignment & wheel balancing

2) Interior cleaning they are charging me Rs 500/-, but after completion of service I found that the interior is in same status which I had handed over at the time of service. This I had pointed out to the service person in charge and he was having only one answers SORRY.

As a customer we approach to authorize servicing centers to receive better and prompt services from your ends. I am attaching you the details of bills along with this mail for your references

Regards,

Biju John
[protected]
[protected]

I am one of the client of Religare, my id is N207494.


I am totally frustrated with your service…Frequently your dealers are irritating me. If I call regarding my brokerage reversal they not responding. Simply cutting the call

1. Brokerage reversal not happening.

2. My Withdrawal amt is not credited to my saving account), Transaction is done on 06/05/09, and same was not credited to my account on 07/05/09.Regarding this I called the dealer (No: [protected]) nearly five times they are simply cutting my call. Will they pay for all this calls ???????

3. If I call for contract notes clarification, simply telling everything is there. Then what’s the use of keeping account with you.

Don't get fooled by Religare Online. Based on my personal experience, I can say this --- do not open your trading account with them. Their customer service is pathetic.

The name of the product they sell is RACE Account. The RACE is to pocket the customer's money and then let the customer suffer. The RACE is to make you as a customer suffer faster.

I was hooked into this by a Relationship Manager (well seems his main job is to relate to the customer's money and not the customer).

For more than two months after opening my account, and despite many e-mails to [protected]@religareonline.com, I haven't got the demo yet. Means for two month I have been paying for something that I haven't used.

It's actually non-service and there can be nothing worse than that.

I take this oppurtunity to take out my anguish against the demented auto rickshaw drivers of Bangalore. Most of them have tampered meters, they misbehave and ask for exhorbitant fares for the smallest of distances. Inspite of having a meter they would alway ask for atleast a Rs 10 extra over what the fare should be. They will take passengers only if they feel like, and route suits them. Every commuter in Bangalore I feel is facing the same nonsense every day. But I dont know about any public forum where I can raise a protest against this. But I hope there will be some way to teach these people some good lesson.

Hi,

My name is Rahul Gambhir. I have received the call from religare for the combo offer of equity & commudity account. I have paid for that 5300 out of that 300 is account opensing money for opening equity+commudity account. They have opened the equity account but not d commodity account. They told me now to give 200 for commodity account which i have didi that. Now again they told me that give 10000 margin money to us.
Earlier they told me that its a combo offer by paying 300 both account will open. NOw thay said again pay 10000. SO please help me in this matter.

The executive from which i received call is Anoop Bhardwaj - Kirti Nagar (Mob : [protected]).

Thanks
Rahul
Mob : [protected]

Dear Sir,

I am having Demat Account No[protected]Client ID) and trading

Account No. ST 2288 with Religare Securities Ltd.

I have submitted my complaint with reference no as mentioned above.
I would like to know the status of the same.
I am awaiting your reply from your side.

Best regards,


(Mr. Suresh Baburao Tambe)

Dear sir,
I pran krishna pal, from dhanbad, jharkhand. I was worked as relationship manager in religare securities ltd., dhanbad. That time i pay pf through my salary. After five and half months i was resigned that company and join a new company reliance life insurance co. Ltd., dhanbad. Here i open a new pf account and continue still now.
So, i want to withdraw my past pf account.
Thanking you.

Your faithfully
Pran krishna pal

Past employee details:
Name: pran krishna pal
Employee code: 16692
Pf no.: 10597
Company: religare securities ltd.
Location: dhanbad, jharkhand (India)

Dear sir,
I have trading & demate a/c.no. n138291 since last 2 years.I have sent my trading & demate form send for closing my a/c since 1 month by team united, vedroad, surat.airway bill no.14320629 than i call religare a/c department they was not answer me.my mob. no.is [protected].
so please take action as soon as possible.
Thanking you,
Anilkumar Vaghashiya.

DEAR sir/mam
this is to inform you thats i am working with Religare securities ltd .from last two year & i am using the mobile provided by thats organisation from last year.MY MOBILE NUMBER [protected].
i have called 100times to coustmer care that pls change the billing of this no or provide me the duplicate CDMA number of this mobilecarring this mobile number.
so i request you to change the billing of this number or i have to lodge the complain in CONSUMER COURT so pls do the needfull ASAP .
pls do the needfull on urgent basis .
REGARDS
vivek singh

The religare people everyone is cheater they cheated me 3 times. 1 chandrakant had cheated me 3 times. Without my permission he has sold my shares for 50% i bought that for rs.80/-. He has sold it for 42/-. I had given complaint to delhi office bangalore head office but boss everyone in religare are cheaters. Please never open account with religare. Like satyam this religare is full of cheater save your money boss never open account with cheater company religare or cheategare.

Dear sir/madame,

I was resigned the the job on 12/11/2008 and I applied pf settlement on 12/01/2009, till date I dont received the same, kindly do the needfull.PF No-DL/3410/225

Thanking you,


Regards,
Murali.

Hello,
I m Amit with a A/c. No. AA1365 in Religare company Bahadurgarh Branch.I am really depressed by a fraud with me done by your company, branch managers, dealers all having a nexus of doing a fraud in the new clients who have less knowledge of trading . As i really dubed by all your company persons . My account was opened by Mr. Gaurav Batra his associates & brother Mr. Vaibahav Batra in the bahadurgarh branch . Dono sale chor hai bhai sonipat ke . But i am clearly given no instruction of any trading in my account but still they do trading without my knowledge & consent. They both are doing fraud with a nexus with their dealer, branch manager & regional manager. All of your company employees are involved in these types of frauds with me & i am sure with others customers also . They have never ever told me about any transiction or any ther detail in my account whenever i ask for the detail account statement of my account they always give the excuse that a server is down or work load and soon but they never give me the detail of my account.They all are a group to make a network to cheat & do fraud with the customers like me who are unaware of the trading. I ask you that in your company policy or SEBI policy there is no guideline that any trade will be done in any customer account and no information or customer clearence will be required & company dealer free to trade without giving any information.I try to check on the internet also with my CRN no. but never my account information was opened.I had invested a amount & i wanted to invest more in share market but by seeing my old crash or you can say fraud in my account i am totally losted all my trust in your company.One thing more i want to clear here from you that can you provide me any detail of trade in my account with my consent or you can check this on also on your recorded line on which your dealer can get daily confirmation in the evening of every trade he done on behalf of customer. Kindly check the tapes of that recorded line of that day when my trade was done and then give me your reply answer on all this matter.I lost my money by your company and its fraud fellows but i never slept or quite this way even i dont get my money back but i fight for it up to no limits. I gave this email & my letters to all leading print media & all details about your company frauds & how all this nexus are going on in the trading.I tell them how the Mr. Gaurav Batra, His brother who is keen in this fraud are now saying me that give me some more money & i transfer some share of profit from other clients account by doing trade in their account & transfer some share of profit from their account to your account in the evening. I ask how he said that i do trade in some account who are discritionary to me to trade and i transfer one of their profit trade in your account like this they r dng in anothers a/c. same will be done in my a/c.s, I had a recorded voice of these chors bhai Gaurav and vaibhav in wich they confess this thing.
Kuch karo yaar mera paise bachao wapis dilao mujhe.

Hello,

I would like to bring to your notice issues faced by Mr. K H Shenoy with his Religare account. I would also like to register a complaint against the service provider Religare.

Mr. Shenoy joined Religare last year with a fee of Rs 15000/- for an year. Initial 2 months, there were no services. Later on he realized that the dealer had misplaced the cheque which was causing the delay. Mr. Shenoy had to issue...