Dear Members,
This is Mahesh,
This is regarding the investment I have done in KARVY commodities broking Ltd., Road No. 10 Banjarahills, Hyderabad.
I have invested Rs. 7,00,000/ (Rupees: Seven Lakhs only) in Karvy commodities broking Ltd through one of its employee called Zaheer Abbas Shaik.
He acted as a broker and has taken cheques in his name from us on Jan 2, 2006, promising us that the accounts would be opened. He has made an agreement which he never presented in KARVY. He has invested the amount in others accounts(pool accounts) through Pay orders from IDBI bank.
I understand that KARVY was into losses to the tune of Rs. 84,00,000( Eight four lakhs only) in December 2005 itself. KARVY has prompted Zaheer Abbas Shaik to get new investers to cover up the losses.
KARVY has been sending manipulated contract notes through Zaheer to all the clients showing profits but the fact was they were actually into losses.When all the clients who have invested in KARVY through Zaheer came to know that they were into loses, lodged a complaint against KARVY. KARVY is doing the settlement for the account holders by paying them 60% of the amount invested.
As we do not have the accounts, but we have all the bank statements showing the evidence that our money has been invested into KARVY commodities broking through Pay Orders drawn from IDBI which the KARVY country Manager Ashok Mittal is denying.
KARVY has cheated about 30 clients by not sending them their daily contract notes.
Request the members to help us/suggest in the recovery of the amount invested into KARVY commodities broking Ltd as these were invested without our knowledge/intimation.
Regards,
Mahesh
This is Mahesh,
This is regarding the investment I have done in KARVY commodities broking Ltd., Road No. 10 Banjarahills, Hyderabad.
I have invested Rs. 7,00,000/ (Rupees: Seven Lakhs only) in Karvy commodities broking Ltd through one of its employee called Zaheer Abbas Shaik.
He acted as a broker and has taken cheques in his name from us on Jan 2, 2006, promising us that the accounts would be opened. He has made an agreement which he never presented in KARVY. He has invested the amount in others accounts(pool accounts) through Pay orders from IDBI bank.
I understand that KARVY was into losses to the tune of Rs. 84,00,000( Eight four lakhs only) in December 2005 itself. KARVY has prompted Zaheer Abbas Shaik to get new investers to cover up the losses.
KARVY has been sending manipulated contract notes through Zaheer to all the clients showing profits but the fact was they were actually into losses.When all the clients who have invested in KARVY through Zaheer came to know that they were into loses, lodged a complaint against KARVY. KARVY is doing the settlement for the account holders by paying them 60% of the amount invested.
As we do not have the accounts, but we have all the bank statements showing the evidence that our money has been invested into KARVY commodities broking through Pay Orders drawn from IDBI which the KARVY country Manager Ashok Mittal is denying.
KARVY has cheated about 30 clients by not sending them their daily contract notes.
Request the members to help us/suggest in the recovery of the amount invested into KARVY commodities broking Ltd as these were invested without our knowledge/intimation.
Regards,
Mahesh
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