FRAUD BY INDIABULLS SECURITIES

1. I am a army officer, presently posted to Delhi.

2. In 2005, I had an offline trading account with Indiabulls securities Ltd,Law college road branch, Pune and my account no is CPU1070. The relationship manager was Satyabrata Dash.

3. I had holdings worth about Rs 55,000/- at that time.

4. I had gone on leave for 20 days in june 2005.

5. On return from leave I placed an order for selling of Wipro shares held in my account amounting to about Rs35,000/-. I was told that the payment for the same will be received by me in 3 working days.But even after repeated reminders no money for the shares sold was given to me, and whenever asked for was told that I'll be receiving the money in some time.

6. Finally, I approached the Zonal manager of Indiabulls securities, Mr Sisir Mohapatra and reported the matter.

7. It was then told to me that there was no amount due in my account, as there had been trading carried out in my account without my permission and knowledge leading to the loss of entire amount of Rs 55,000/-.

8. I told him the entire case, but nothing was done to retrieve the money or shares as due, nor was any action taken against the employee responsible for this.

9. I then lodged a complaint in NSE and BSE about the same. BSE had turned down the case and given it in favour of Indiabulls as there was no attorney from my side and it was not possible for me to go and attend to the case due to service commitments. However, there has been no judgement given by NSE till date in the ibid matter.

10. I then approached the civil court and lodged a court case against them in Delhi High court. Its been almost one and a half year and we have hardly had four dates for hearing but nothing has been done and also now they have projected for the case to be dealt with by an arbitrator according to some clause.

11. This case ideally is a case of fraud, forgery , and breach of customer relationships.

12. I have already undergone a expenditure of Rs 25,000 on account of court fees and arbitrator court will again be

same.Help me retrieve the losses borne by me due to fraudility by the Indiabulls Securities....

13. This is the third mail I have written to you and I have got lot of faith and hope in you, please spare some time for me and suggest me a way out of this. My contact no is 09953596595 or 01125683223 or 01125688705.

14. Awaiting a prompt and positive reply.

regards

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Major Udit Jain