Fraud by Religare Securities Pune, Aundh Branch

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Please check the below mails which I sent ti NSE,SEBI and Religare Securities Grevience cell but no results till yet.
Please help consumer court people.



A gentle Reminder ..

From: Ashish Khurana04
Sent: Friday, May 21, 2010 8:25 AM
To: sundaresanvs@sebi.gov.in; saravanank@sebi.gov.in
Subject: FW: Please help me .. small investor

A Gentle Reminder . Please look into this matter ASAP. Kind Request.

From: Ashish Khurana04
Sent: Tuesday, May 11, 2010 12:22 PM
To: sundaresanvs@sebi.gov.in; saravanank@sebi.gov.in
Subject: FW: Please help me .. small investor

Hi Sebi people,

Please find below the mail as I was being cheated by Religare securities RMC So please look into this matter and help me for the same.
I am ready to provide more details including telecom calls received from religare. Attached trades description done without my consent where I lost my all hard-earned money.

Please look into this as soon as possible

Hoping for the positive reply soon

Thanks,
Ashish Khurana
9923002861

From: Ashish Khurana04
Sent: Saturday, May 08, 2010 10:53 AM
To: 'dwaipayan.majumdar@religare.in'; 'sanjay.periwal@religare.in'; 'igreligare@religare.in'; 'compliance@religare.in'
Subject: Please help me .. small investor

Hi Religare People ,

I am small and new investor (client Id Ak14408) working in Software company in Pune. I started trading in 2009 from telecom trading from one of the branch of religare in Aundh Pune.

I have invested all my hard-earned money in the trading account as I was new to share trading system So I faced a lot of losses and I beared and stopped trading in intra-day or short selling.

But yesterday ( 7th of May) I faced a issue when I lost all my portfolio share money without any notification or alert.

I bought a lott(3576 quantity) of RNRL in futures for safe trading (not Intraday) in the morning costing around 70rs per share. I was being informed from branch manager once that its (RNRL) going down so transfer some funds (20 thousand) to make sure of Margin money to hold futures till 27 may and I immediately transferred 20 thousand to Religare securities ( attaching the mail for proof) and branch manager assured me that he informed the RMC about the same to hold futures lott even I have following portfolio in my account and could transfer more funds if I was being INFORMED to hold that futures lot and to save huge loss .

Bharti Airtel -- 90 Shares
IndiaBulls Real Estate -- 50 shares
Cranes Software -- 125 shares
Venky India -- 11 shares
Filatex Fashions -- 700 shares.

But When I got the confirmation call from Religare branch and I was shocked to hear that all my portfolio shares adding 20000 being sold and that lott of Future shares of RNRL also being sold off at lowest prices by RMC without any alert/confirmation call/confirmation mail.

I called the Branch Manager Avinash Singh and asked about the same and he even did not about the same and then he checked and confirmed me that the company’s RMC end has problem that it did not pop any alert in ODIN software and did not get any mail from RMC.

Issue : Selling of all shares and futures lott without any alert as I had sufficient margin to hold .. (confirmed from Branch Manager)

So I want to request you to please highlight this matter on the social/personal grounds as I have lost ( rs 1 lac ) all my hard-earned money with which I supposed to support my family as recently I lost my father.

Avinash (branch Manager) supported me on my comments that from my end there is no mistake of insufficient funds at the time of selling by RMC.

Hoping to hear positive reply soon.

Thanks,
Ashish Khurana
Client Id -- AK14408
Cell – 7837627129
e - mail : ashish_khurana04@infosys.com