Trade India Research — financial fraud

Address:	Indore, Madhya Pradesh, 452001
Website:	www.tradeindiaresearch.com

I working in a private company in accounts department. One day in the month of february-2018, i received a call from an indore based company called trade india research. The representative who called was mr. Pradeep khuswaha. He told me that his company is in the business of trade advisory and they give the profit making intraday call to their clients, there fees for a month is rs.30000/- and the commitment on that is rs.50000/- after deducting their fees and brokerage. He told me that for starting the work i have to pay rs.5000/- only with the investment of rs.15000/- in d-mate a/c and the rest fees i have to pay from the profit which i will gain. I told him that i am having the d-mate a/c but i cannot operate the same from my office then he assured me that the d-mate a/c also will operate from their end i just have to give them login id and password.

I had paid rs.5000/- and waited to get my work started. After 2-3 days he told me that he is trying to shift my profile to mr. Kulkarni’s panel to earn more profit, then he fix a telephonic interview of mine with mr. Kulkarni so that if he likes my profile then the work will get start. After the interview mr. Pradeep called me and told me that mr. Kulkarni is agree to take my profile and now i have to pay rs.150000/- to book the slot in mr. Kulkarni’s panel. I was totally surprised and denied the same, then after some time mr. Gaurav, pa of mr. Kulkarni has called me and told me that i have to pay only 33% of the profile now with the investment of rs.40000/- to 50000/- in d-mate a/c and the commitment in four to six moth is 7-8 lac, the rest fees i have pay from the profit which i will gain. I had paid the 33% but my profile was not transferred to mr. Kulkarni’s panel and i was told by mr. Pradeep that my slot is given to some other client who had paid the full fees, now i have to pay 60% of the profile to get the slot booked. I had received a mail also from company that you paid 60% now and your work will get started from tomorrow. I had paid the 60% of the profile but after that also my profile was not transferred and i was told by mr. Pradeep that the company is not transferring the profile till i will pay the full amount of the profile. Mr. Gaurav also called me and told that just pay the rest amount and the same will be recovered in a month. I told him that the amount i had paid from my credit card and the same i have to pay on due date, he assured me that the amount will be paid before the due date. I had paid the rest amount and they started my work. After two-three weeks of work my d-mate a/c balance comes to rs.34000/- from rs.40000/- then mr. Pradeep called me and told that the sebi audit is going on and sebi has stopped mr. Kulkarni to work because of the poor performance and now my profile will be transferd to mr. Vaibhav rathi’s panel for good result. Mr. Pradeep has assured me that no any further burden of fees will be there on me, he told me that i have to give a satisfactory mail first otherwise my profile will not transferred and my money will get stuck. I had given the satisfactory mail with no choice.

Before transferring the profile, my scanning was done by the company like my earning, my debts, the dependent in my family etc. And report sent to mr. Vaibhav rathi’s panel. Next day mine interview with mr. Vaibhav rathi has been fixed and he called me. He told me that my profile is transferring to the package of rs.575000/- with the investment of rs.150000/- in my d-mate a/c and the commitment on same is rs.13-15 lac in six months. I told him that i am not capable and don’t have that much capacity to pay. After some time ms. Sneha tripathi, pa of vaibhav rathi called me and told that i had already paid rs1.50 lac, now i have to pay rs.102500/- only now and my work will start from next day and the rest fees i have to pay afterword after making profit. I told her to send me the mail on the same and she told me that i will get the mail by the evening after making the payment. I had made the payment and waited for the mail. On the same evening mr. Amit from trade india research has called me and told that he received an update from the company that my slot is given to someone else who had paid the full amount with some extra payment as donation and now i have to pay rs.172500/- immediately by today itself if i have to book another slot otherwise my profile will stuck and the fees which i had already paid will blocked. I had paid the amount with no choice.

Next day ms. Sneha called me and told that now there is no slot empty in the package of rs.5.75 lac with them, the company has given the slot to someone else, now there is a slot of package for rs.12.64 + gst lac is going to be vacant today and if i had paid 80% of the package today the slot will give to me and the work will started. I had denied the same, then mr. Vaibhav rathi has called me and taken the responsibility of my money and assured me that i don’t have to give any single money further and the fees which i had paid will be recover in 10-15 days, if i had not paid the amount now the company will not transferred the profile and my money will got stuck. I had paid the money by borrowing loan from bank and from the credit card. On the same evening mr. Amit called me and told that he received an update from the company that my slot is given to someone else who had paid the full amount with some extra payment as donation and now i have to pay the rest amount of fees immediately by today itself otherwise my profile will stuck and the fees which i had already paid will blocked. I had paid the rest fee amount with no choice.

My work was stared on low level and ms. Sneha has told me that the company has not transferred the full profile to them to work independently and they are unable to fulfill the commitment on time she also told me that i have to open a d-mate a/c with my wife name also so that we can hold some call if required and she took all the kyc details of my wife. Then mr. Vaibav rathi has called me and informed that the company has put me in two profile of rs.12.64 each+gst and i have to pay for the other profile also after that only they will transferred my profile them. These things are done by the company without my concern and knowledge. Mr. Rathi has told me that the total amount comes to around rs.30.00 lac and he will use his exposure of rs.5.00 lac now which i have to pay them later and now i have to pay the rest amount to start work otherwise my profile will stuck and the fees which i had already paid will blocked. He also committed that he will recover the 20 lac by 20th april. Again i have to borrow the loan from bank and paid the rest fee amount with no choice.

After some day ms. Sneha has called me and told that i have to manage the capital to rs.8.00 lac to start the work on good and high level to achieve the commitment given. I borrow the money from my relatives and deposited in my d-mate a/c to start the work. Very next day i had received the call from mr. Rathi and he told me that the company has rejected his exposure and now i have to pay the rest amount immediately. He told me to withdraw the amount from d-mate a/c and paid the fees, they will start the work from the capital of rs.2.50 lac and he also committed the amount of rs.20.00 lac by 27th april.

My work is started and in four days my d-mate a/c balance is come to rs.7.25 lac. On 24.04.2018 there is a loss of rs.7.45 lac from them and my d-mate a/c come to negative of rs.18000/-. Mr. Vaibhav rathi has called me and apologizing on the loss and giving me the reason that the company has not provide him the system support (Currency support) which is costing rs.8.00 lac and same he has hidden from me. Now he is not going to take any risk on my profile and will not going to work without the system support provided by the company. I had denied doing the payment of some unknown support which company has never told me. After few day mr. Rathi has called me and told that he had a meeting with the company and company has agree to pay the support amount in three installments. Now i have to pay rs.2.50 lac immediately with the capital of rs.50000/- in d-mate a/c after that i don’t have to pay a single rupees, if company will demand and if there is any loss he will pay from his pocket. He also committed that he will recover rs.50000/- in my d-mate a/c by week end to pay my emi against the loan taken and by month end he will recover rs.25 lac in my d-mate a/c to repay my debts. I had paid the amount by taking another loan. On the same evening mr. Amit from trade india research has called me and told that he received an update from the company that my i have to pay the balance amount of rs.5.50 lac immediately by today itself otherwise my profile will stuck and the fees which i had already paid will blocked and the company will withdraw my profile from mr. Rathi. I had denied to pay the same. On 11.30 at night once again one mr. Rahul of trade india on con call with mr. Amit has called me ask me to pay just rs.20000/- now hold the profile with mr. Rathi for a month. I had paid the amount to avoid the unwanted problems.

From next day mr. Rathi has forcing me to raise the capital to rs.2.00 lac to start the work. I had told him that i had used my all sources and till date i had paid rs.33.00 lac, now i am not able to pay a single rupee. There is no work from that day in my d-mate a/c from there end.

After that i am receiving the call from mr. Shubham bhattacharya from trade india research, he told me that he has hired by the company to look after the problem between the customer and the company. He has taken a meeting with all the people related to my profile and understand the problem which i had faced till the period. Now he is trying to convince me to pay the rest amount of fees of rs.5.50 lac with the capital of rs.1.50 lac and he will take all the responsibility of my profile and will achieve all the commitment given my mr. Rathi to your both profile, otherwise my profile will be withdraw by the company from mr. Rathi and there is not and guaranteed that company will recover even my paid fees in three years. I had not given any commitment to him yet. He has given me the time till monday i. E. 14.05.2018 to do the payment.

I got in to their words and went on paying them money in fear of losing the money which i had already paid, but it was too late when i realized that i have got stuck so badly. I have taken lot of loan and will have to pay around 68, 000 of emi every month. Me and my family are in a big trouble, please help me to come out of this situation.

I had found a group of peoples who were also cheated by your company with the same modus operandi you have treated with me, giving them also false commitment and dreams. Most of them are dealing with vaibhav rathi only.

I had mortgage my flat to pay the loan which i had taken for paying your fees and the emi of the same is so high that it’s really become very difficult for me and my family to survive. The days are just going passed and i am still in the same positing which i am on day one.

I humbly request you to look in to this matter and help me recover my money from trade india research.