CHEATING

Location/place: NEW DELHI

Name of company/service: KOTAK SECURITIES LTD

Dear Sir,

Sub:- Cheating by M/s Kotak Securites Ltd.
Ref:- Client code No- HJIE -1 / Group code No-DDDDAMFBEQ.

This is for your kind information that I have been cheated very badly by M/s Kotak Securites Ltd., resulting I have suffered the huge financial losses of Rs.1,70,327/-. Due to this loss I am suffering from the mental tension very badly since Nov’09 as my hard earned money which was saved by me in so many years from my meagre monthly salary have been taken by Kotak Securities Ltd., by way of cheating, misguiding and making fictitious promises, that they will generate Rs.10,000/- to 15,000/- per day for me on payment of Rs.1,00,000/- as their fee. They have taken my signature on D-mat Account opening form and filled the same at their end without explaining the all terms and conditions to me.

After opening the account, from the day one they have started showing losses in my account from 17.10.09 and at the same time on 24th & 25th Oct’09, I requested them to close my account when there was very nominal loss but they did not closed it. Later on I have submitted my request letter on 30.10.09 for closing my account and refund of my Rs.1,00,000/- taken by them as their fee, plus other balances, but on my every request they were assuring me not to worry “sir we will recover the entire losses”. After completion of one month 17.10.09 to 17.11.09 they were even not attending my calls. If you go through the statement of account, the total brokerage on trading they did in my account is not more than Rs.2500/- for the aforesaid period and they have taken Rs.1,00,000/-, plus Rs.10,300/- debited additional in my account plus losses made in trading for Rs.60,027/- totaling to Rs.1,70,327/-. In this regard, I have written several reminders to the top official of Kotak Securities, but no action has been taken so far except acknowledging my letters.

So far i have not received the amount of my claim. Therefore, i request you to kindly take immediately necessary action against Kotak Securities Ltd., for releasing my hard earned Rs.1,70,327/- . I will be very thankful to you for this act of kindness.

Thanking you,

R.S.Aswal
63 JA House
Basant Lok, Vasant Vihar,
New Delhi-57

Mobile No.9873002312

STATEMENT OF CALCULATION OF CLAIM AGAINST
M/s KOTAK SECURITIES LTD.

Rs.1,00,000/- Taken by Kotak as fee on 15.10.2009 (For generating -Rs.10,000/- to15,000/- per day profit as assured at the time of A/c opening )
Rs.1,00,000/- Taken by Kotak as Margin on 15.10.2009
Rs.1,00,000/- Again taken by Kotak as margin on 28.10.2009
Rs. 10,300/- * Debited by Kotak in my account on 4.11.2009
——————-
Total Rs.3,10,300/- Taken by M/s Kotak Securities Ltd.
——————–
Less – Rs. 74,973/- 500/- Share of EIH @149.95-purchased which are still with me.
Rs. 60,000/- Amount got refunded on 14.12.09 against paid amount
Rs. 5,000/- Amount got refunded on 23.3.2010 against paid amount
———————
Total Rs.1,39,973/- Shares in hand / got refunded against paid amount
———————-
Rs.1,70,327/- Net Loss / Claim.