Hi I am a newbie to this forum and for the Stock Markets as well!!
In 2011 August I opened a Demat account with a company called Emkay Global finance, two Relationship managers called Rakesh PH and Shilpa Manjunath came to my residence in Bangalore to take some signatures on the application form. They were referred by a good friend of mine.
I told them that I was interested in investing Gold in such a way that I should be able to sell and buy whenever I wanted. I paid 4.9 lakhs through a cheque to the company. Whenever I requested for a report on what is going on with my account they sent me false reports which always showed me that I was in profit. This was sent through their official e-mail ids. When I questioned them why they invested in shares they said that would make good money for me and they assured verbally that nothing will happen to my money. In Oct 2011 I went to Chennai from Bangalore I was in constant touch with these two. They also told me that I would get some mails Called Contract NOte and confirmation NOte they asked me to ignore it. To be frank They also told me that there is no option to view my reports online. In Dec again I asked them for reports they sent me a false report again. In Feb 2012 they called me to my Chennai no. and said that they both are shifting to a different company and convinced me to transfer my account they both were ready to travel to Chennai just to take my signatures.
After signing the transfer application I came to USA after which they both never answered my calls. I have a small baby got busy with her and other family things and lost the track of this. In April 2012 something told me that I have been cheated and contacted the new company to know my account details they said my account is not opened with them then I called up Emkay and they sent me the statements which had only Rs 21,000. I am not able to understand what these two have done with my money. My husband also has no knowledge about stock and such things. I showed the reports to my friend and my brother he said that they have traded in Futures and Options becoz of which there is so much loss.
What can I do about this now? Mean while in Sep 2011 my mobile no. is changed in the company's database. The new no. is not mine and I guess Rakesh is using that no. now. Me being in USA I have family constraints because of which I am not able to travel to India someone please guide me. This is my hard earned money which I earned it before getting married this is affecting my personal life very much. you know how it is when in laws know that you are a fool....
Against whom should I take the action? where should we report this?
They both are working in Future capital now, very soon they might change their company since the new manager knows about this act of theirs.
regards,
Madeen
In 2011 August I opened a Demat account with a company called Emkay Global finance, two Relationship managers called Rakesh PH and Shilpa Manjunath came to my residence in Bangalore to take some signatures on the application form. They were referred by a good friend of mine.
I told them that I was interested in investing Gold in such a way that I should be able to sell and buy whenever I wanted. I paid 4.9 lakhs through a cheque to the company. Whenever I requested for a report on what is going on with my account they sent me false reports which always showed me that I was in profit. This was sent through their official e-mail ids. When I questioned them why they invested in shares they said that would make good money for me and they assured verbally that nothing will happen to my money. In Oct 2011 I went to Chennai from Bangalore I was in constant touch with these two. They also told me that I would get some mails Called Contract NOte and confirmation NOte they asked me to ignore it. To be frank They also told me that there is no option to view my reports online. In Dec again I asked them for reports they sent me a false report again. In Feb 2012 they called me to my Chennai no. and said that they both are shifting to a different company and convinced me to transfer my account they both were ready to travel to Chennai just to take my signatures.
After signing the transfer application I came to USA after which they both never answered my calls. I have a small baby got busy with her and other family things and lost the track of this. In April 2012 something told me that I have been cheated and contacted the new company to know my account details they said my account is not opened with them then I called up Emkay and they sent me the statements which had only Rs 21,000. I am not able to understand what these two have done with my money. My husband also has no knowledge about stock and such things. I showed the reports to my friend and my brother he said that they have traded in Futures and Options becoz of which there is so much loss.
What can I do about this now? Mean while in Sep 2011 my mobile no. is changed in the company's database. The new no. is not mine and I guess Rakesh is using that no. now. Me being in USA I have family constraints because of which I am not able to travel to India someone please guide me. This is my hard earned money which I earned it before getting married this is affecting my personal life very much. you know how it is when in laws know that you are a fool....
Against whom should I take the action? where should we report this?
They both are working in Future capital now, very soon they might change their company since the new manager knows about this act of theirs.
regards,
Madeen
