Unicon Securities Pvt. Ltd. — Complaint against Unicon Investment Solutions

Address:

New Delhi, Delhi

Unicon Securities Pvt. Ltd. had not released the admissible amount awarded to me by Investor Grievance Resolution Panel, New Delhi. The Hon’ble Panel vide order dated 19.06.2014 directed Unicon to repay the amount of Rs.63, 517/- (sum of Rs.15, 812/- lying as a credit balance and remaining amount of the advance brokerage of Rs.47, 705/- approx.) by June 30, 2014, failure of which the amount of Rs.63, 517/- is made admissible and blocked by the Hon'ble Panel. Further, the matter was sent to Defaulters Committee, Mumbai for disposal of my case. In spite of providing all the documents, the Defaulters Committee is not releasing my admissible amount which is a serious matter. It is known fact that the Unicon has cheated thousands of investors and transferred money to some other company. Amazingly, instead of taking strict action against Unicon, a defaulting company, the poor investors are being harassed. It is our hard earned money, which is deliberately and in collusion with, are being held up by Unicon. It is a sheer negligence on the part of Defaulters Grievances Committee, Mumbai who is not releasing the money and the matter is still pending adjudication. I had sent a number of reminders to Defaulters Committee, Mumbai but no response is received from their end. From the above statement, it is clear that there is still Rs.63, 517/- is available in my account which Unicon had not disclosed to you. I request to Defaulters Committee, Mumbai to kindly release my hard earned money at the earliest. Mohd. Shafaat [protected]