[Resolved]  IndiaBulls — Unauthorised trading, not refunding money

In the year 2004 the Relationship ManagerTRILOCHAN SAHOO, approached me to open an online trading Account with INDIABULLS SECURITIES LIMITED to trade in NSE,SAHOO ASSURED ME TO CHARGE LOWEST BROKERAGE,BUY TODAY SALE TOMORROW,TIMELY TRANSFER OF SHARES AND CASH AS PER T+2 SYSTEM,TIMELY SUPPLY OF CONTRACT NOTE AND STATEMENT OF ACCOUNT,TIMELY SUPPLY OF DELIVERY INSTRUCTION SLIP,INTER DEPOSITORY INSTRUCTION BOOK,DP TRANSACTION STATEMENT ON FORTNIGHTLY BASIS AND easi Registration,accordingly I signed the Client-Member Agreement,DP Opening Agreemnt,and Power of Attorney form and categorically told Sahoo I dont need finance as my share value more than eighty five lakhs to which Sahoo agreed.
After allotment DP Account Sahoo asked me to transfer shares from my wife account in order to trade,unfortunately and to my bad luck I transfer the shares worth Rupees EIGHTY FIVE LAKHS to the DP of Indiabulls,then after Sahoo started trading in my account both in NSE and BSE without my knowledge.When I asked for the DP tranaction stement,Delivery Instruction Slip Book,and other papers and enquired how could you dare to trade in my account then after he remained absent.The Regional Head Mr. Prasunjeet Mukherjee visited Bhubaneswar on 20th October,2005 under the instruction of Sameer Gehaulut,Chairman and Gagan Banga, Director.Mr. Mukherjee agreed to settle my claim and admitted their fault and for the first time in Broker's history given in writing to settle my claim.Then after he visited me more than twenty time and Gagan spoke to me once in every month but failed to settle my claim.

When I complained to CDSL,starting from the President,Managing Director and other officials of CDSL admitted the fault and arbitrary act of Indiabulls,but so far no action
CDSL sent me the copy of agreement and Power of Attorney, after receiving the same I was shocked as they put fraud/duplicate signature of witnesses on Power of Attorney and Client Member Agreement etc even the Power of Attorney form is self manufacturing/duplicate where they put my wife's signature after my complain to SEBI they changed the form.

I am a aged man of 55 years old,Indiabulls illegally,unauthorisedly and against SEBI Rules taken away my entire life long earning of Shares valuing more than EIGHTY FIVE LAKHS.What I found CDSL and SEBI directly supporting the criminal activities of Indiabulls.
Now I lost faith on the law of the soil,I wrote thousands of letters and sent lakhs of mails to SEBI Chairman,CDSL authorities under copy to Finance Minister and Prime Minister and Members of Parliament but so far no action

Braja bandhu Behera,Advocate
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Aug 13, 2020
Complaint marked as Resolved 
 
31 Comments

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To,
The manager
India bulls credit services limited
India bulls House, 448-451, phase-5
Gurgaon-122001 (Haryana)

Ref:-persona loan account no.-S[protected]

Sub: - For NOC

Dear Sir/madam,
I would like to inform you that I had taken a loan from India bulls on 15th March 2007. The total loan amount was Rs. 16, 500/- only and cheque no. was 171157. The executive had told me that I have to
Pay Rs. 953 /- for the 24 months and he also collect 5 blank chques (cheque no. is 179853 to 179857
Of federal bank limited) from me. . My EMI was from 1st May 2007 to 1st April 2009.I paid my last EMI
On 1st April 2009. The total amount I paid to India bulls is 953x24= Rs. 22872.00.As I paid my total EMI, Now I need my blank cheques and NOC from India bulls. So please tell me how I can collect my blank cheques and NOC.



Thanking you
Vinit Kumar Singh
E mail:[protected]@gmail.com
Mob no.-[protected]






.
Looking at the numerous grievious complaints against India Bulls it seems that India Bulls is involved in defrauding people of there hard earned money by various means with the help of a highly dedicated team of cheats. Looking at the complaints by other clients who have been defrauded of lakhs and lakhs of Rs. my amount seems to be very small and woe is also very small in comparison to the guys who lost hefty amounts. I was also a victim of conman job of Mr. Banga I was allured into a advance brokerage plan with verbal assurance by Mr. Amit that he will help in doing future trading as it's relatively safe. As I was not aware of future trade at all I was relucant, but this guy with his sweet talks managed to extract a amount of around Rs. 36000/- by false promises and then when ever I called Mr. Amit came up with some excuse or other and did not start that trading in calls or put business. Then one fine day I was curtly told by one Mr. Prashant that Mr. Amit has already left and he will not be of much help as I demanded that my advance brokerage plan be cancelled and my money reverted to my trading account. Mr. Prashant from sector 14 branch and one Ms. Ranjana from customer care deptt were very rude and virtual threw a challenge at me that I'll not be able to do anything at all, and they were quite specific that India Bulls is like a black hole which gobbles up clients money with no chance of getting it back. Through this site I would request other persons cheated by Mr. Banga and India Bulls to unite and teach this con king a fitting lesson. I assure all type of help and assistance as I'm staying in Gurgaon to other persons cheated by this company.

PANKAJ SHARMA

[protected]
CLIENT I.D 4049

UTI Children Quotes Career Balanced Plan — Non receipt of statement after April 2007

Dear Sir,

I have invested in the name of my daughter Sneh Sarfaraj Rajwani and Folio No is[protected].I have not received her account statement after 3rd April 2007.

She completed 18 years on 4th nov.2010.
Please send current account statement.and Educate about maturity of our fund.

With warm regards

Dr.Laila Rajwani
C-21, Jagan Park
Custom Road
Khoja Society
Chala
Vapi(gujarat)-396191
Tri Nagar

indiabulls financial services p. ltd — personal loan high interest

my name in watson c john .phone no.[protected]. i taken persnal loan 20000/=from indiabulls.in 2006 .my loan a/c s[protected]. i am already pay 29 emi 1050rs i have no job.but sir . indiabulls sand me a notice form court. under sec-68. now what happen.

ICICI Bank — Payment by force from saving account

Dear Sir ,

ICICi bank has dedducted Rs 30000 from my savings account towards some internet transanctions on behalf of Their credit card which I have not utilised ,the issue was going on from past two years and originally the amount was nearing 12000 only but during the course of launching several complaints and requests to them to free me such burden they still taken Rs 30000 from my saving account without my information.
Moreover the credit card what they are saying with me but that is not even delievered to me .I am in a really helpless position .
Who did this and How same has happened I am still in a state of shock.
I have encurred a physical and mental as well as monetory losses on account of this cheating done by ICICI bank and needed atleast 10 times compensation on account of harrasment,.
Hi,

We are sorry to hear about your experience. Please write to us with you contact details at [protected]@icicibank.com and we will get in touch with you soon. Kindly refer "689429" in the subject line.

Regards,
ICICI Bank Customer Service Team.

Jain Bandhu Printers — Service problem

Dear Team ,
I have purchased one ups from Mega Hertz through bill bo-4261 dated 30/07/10. It is not working properly.I have complaint several time to cusomer care but no one come to repair it. Now I am fadeup from this.


Pls look into the matter and resolve the issue as soon as possible.
This is my last effort to resolve the issue otherwise I have to go consumer court.

IndiaBulls — cheated on brokerage rates - INDIABULLS

Hi,

I recently opened a demat and trading account with Indiabulls. While opening account they mentioned only 0.15 delivery and 0.015 intraday brokerage and that there is no Account opening charge and AMC.

However, on my first trading, I was shocked to see the electronic contract note, where the brokerage was charged at abysmally HIGH rate of 0.50 and 0.10 for delivery and intraday respectively. How can they do daylight cheating like this with customers. I called my RM and he says he has send modification request which will take 2-3 days. But he says that this charge will not be reversed and that this will be the tendancy for first few trades. There is no clarity of what brokerage rate is being charged. There is no link on their trading portal which will tell you your brokerage charges. It is a cheat company.

Secondly, they deducted Rs 900 from my trading account citing account opening charges, which I was promised will not be charged. on this issue my RM said it will be reversed in a week. However even after 3 weeks, it has not been reversed.

So if you are going for indiabulls account, i would advice not to go. Don't be lured on what their representatives say, it will never materialize, and you will feel cheated after a month.

india bulls pvt ltd — negligence in dealing

sir good afternoon, i dilip vaidya i have an account in india bulls pvt ltd. i cal to mr. nirar vya for taking about some details, but he can't attained my call. and also not giving the detail. i call him atleast 20-25 timesbut he cant recive, onbehalf i call miss mayura but she also unable to provide data.

dilip kumar vaidya
[protected]
Dear sirs
My RM Sri Srikant Basu of India Bull, Kolkata has cheated and misguided me into forward trading of NIFTY and in that processs I have lost Rs. 4338.00 which I had to square off by selling My shares.How India Bull is allowing such fraud operations or hi is doing the same with the managements knowledge. I request all persons to unite to stop India Bulls such fraud operations and compensate the amounts lost.
Utpal Roy
Client ID CL 84
Get maximum margin and lowest brockerarge for mcx trading.

Buy 1 mega lot of gold or silver in just 10000 Rs.

Zero account opening charge and no monthly or yearly maintenance charges.

Free online trading terminal.

For more details call Reyaz at mob no [protected].

NOTE– We can also handle your account for regular and sure profit on your wish, it will be on profit sharing basis.
We have sureshot calls for daily profit, which will give you profit everyday.

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