Dear Sir/Madam,

I have been cheated by Krishna Stocks company located in Ahmedabad, Gujarat.

Details are Below:

I have received a message on 15Nov2009, saying that if I invest Rs.20000 money in their Company, in one month they will pay me Rs.70000. Based on that message and multiple confirmations from their executive((His name is Chauhan No.9998790839) I have deposited the amount in the following given account. Intially the executive use to pretend saying that my stocks are positive and I will get my money back and tells me to call on 30th day. When reached the maturity time he absconded. When I call at that number Some body use to lift the phone, I use to explain abou the agreement and they say that my money is safe and will be deposited to my account soon. It happend for 10 to 15 days. One day they said they have deposited a icici bank cheque number - '256972'. After four days of follow up they gave another Icici bank cheque number - '012524', they fooled by giving wrong information.

Finally I realsied and thought to raise a complaint with Consumer Court, so that you will bring the issue to light and sue those people who have invloved.

Below are the company's details
Krishna Stocks
A/c in Bank: ICICI Bank
Account Name: Krishna stocks
Account No: 018905500134
Address:
8, Parshwanath complex,
Near New Reserve Bank,
Incometax,
Ahmedabad-380009
GUJARAT, INDIA
Customer Care No.: 079-40068881,079-40088621
FaxNo:079-40069308



Please help me in this regard,
Awaiting your response,
Pavan

krishna stocks Ahemdabad:

Krishna Stocks advisory company is a fraud company and it is not relaible.

Initially they will call you and convinced you with their scheem of gaurenteed return else they will return the money back, but in practical it is not.

Once your account gone in losses no one will help you and no one will return the service amount back even it is gaureented.

My Case:
- My Account was handlled by Mr Kuldeep Surti & Mr Shekhar.
- They have asked me to join 12000 rs with gurenteed return of 50,000 rs.
- Initially few days they made me a good profit of 32000 rs
- After that they have made me a loss of -90,000 rs
- Total losses they made me is around -58,000 rs
- After this they stoped providing support as 1 month was completed
- As they had commited for profit of 70,000 and they made a losses of -58,000 rs, when i asked them to return the service money back they stopped picking phone and no response from them

I had communicated via email & phone and customer support no response from them.

Then i realised when we are in profit and everything is gooing good they will help and when we are in losses they are not going to return the gaurented money back.

They are totally fraud company, please keep away from this company and from thses person.

Note: Sometime they are giving their own call which never works and you can made a huge loss and their is no transparancy in these people service.

Thanks

Same thing happened with me as well. The only difference was that I have given RS 10000 to the so called Chauhan.
Let me know if we can do anything about this...............

Originally Posted by pvspavan

Dear Sir/Madam,

I have been cheated by Krishna Stocks company located in Ahmedabad, Gujarat.

Details are Below:

I have received a message on 15Nov2009, saying that if I invest Rs.20000 money in their Company, in one month they will pay me Rs.70000. Based on that message and multiple confirmations from their executive((His name is Chauhan No.9998790839) I have deposited the amount in the following given account. Intially the executive use to pretend saying that my stocks are positive and I will get my money back and tells me to call on 30th day. When reached the maturity time he absconded. When I call at that number Some body use to lift the phone, I use to explain abou the agreement and they say that my money is safe and will be deposited to my account soon. It happend for 10 to 15 days. One day they said they have deposited a icici bank cheque number - '256972'. After four days of follow up they gave another Icici bank cheque number - '012524', they fooled by giving wrong information.

Finally I realsied and thought to raise a complaint with Consumer Court, so that you will bring the issue to light and sue those people who have invloved.

Below are the company's details
Krishna Stocks
A/c in Bank: ICICI Bank
Account Name: Krishna stocks
Account No: 018905500134
Address:
8, Parshwanath complex,
Near New Reserve Bank,
Incometax,
Ahmedabad-380009
GUJARAT, INDIA
Customer Care No.: 079-40068881,079-40088621
FaxNo:079-40069308



Please help me in this regard,
Awaiting your response,
Pavan

Hi,


It is not a cheating sir it will be happen they are given u a some detail as per there condition.
u have check them condition and also trade as per information given by him .

So it is not a cheating

Dear Sir/Madam,

I have been cheated by Krishna Stocks company located in Ahmedabad, Gujarat.

Details are Below:

I have received a message on 25 jan 2010, saying that if I invest Rs.50,000 money in their Company, in one month they will pay me Rs.150,000. Based on that message and multiple confirmations from their executive((His name is a ARVIND YADAV)NO:9824664161 I have deposited the amount in the following given account. Intially the executive use to pretend saying that my stocks are positive and I will get my money back and tells me to call on 30th day. When reached the maturity time he absconded. When I call at that number Some body use to lift the phone, I use to explain abou the agreement and they say that my money is safe and will be deposited to my account soon. i have paid this money online.
Finally I realsied and thought to raise a complaint with Consumer Court, so that you will bring the issue to light and sue those people who have invloved.

Below are the company's details
Krishna Stocks
A/c in Bank: ICICI Bank
Account Name: Krishna stocks
Account No: 018905500134
Address:
8, Parshwanath complex,
Near New Reserve Bank,
Incometax,
Ahmedabad-380009
GUJARAT, INDIA
Customer Care No.: 079-40068881,079-40088621
FaxNo:079-40069308



Please help me in this regard,
Awaiting your response,
RAJU

Dear Sir/Madam,

I have been cheated by Krishna Stocks company located in Ahmedabad, Gujarat.

Details are Below:

I received a call on my mobile on 12 Feb 2010 from a lady from Krishna stocks and asked me if I am doing any share trading. I told her that I don't have time to do Intraday trades and so with my limited capital of 20,000/- I am doing some delivery based trades only. Hearing this she handed over the phone to her colleague and he introduced him as HARDIK SHARMA.
He told me that Krishna stocks have introduced a Money Back Guarantee scheme in which if I deposit my capital of Rs.20,000/-in Krishna stocks' account then he/ Krishna stocks will do the trades and at the end of one month from the date of investing I will be getting Rs. 70,000/-. I asked him how this is possible. Then he told me that they have a lot of clients registered under this scheme and trading with the large capital collected in this way he/Krishna stocks will be making profit enough to pay you the guaranteed amount. He also told me that I need not open any trading account with them and I don’t have to do any share trading. Krishna stocks will be doing everything.

He asked me to send the scanned images of my PAN Card, Election ID to his personal email address hardiksharma.ks22@yahoo.com for speedy processing.

I sent the requested copies to his email address. Then he sent me the application form to my email address. I was asked to fill up the form, take a scanned image of it and sent it to his personal email address. In the form I need to fill the details of my fund transfer also. Greediness made me a fool and without thinking much about the reliability of their claim I transferred a sum of Rs. 25000/- from my HDFC bank account to the HDFC Bank account of Krishna stocks on 15/02/2010. I filled up the form and sent a scanned image of that filled up form to his email address.

Before this Hardik Sharma contacted me from Krishna stocks’ phone number and so I didn’t get his mobile number. After this fund transfer I didn’t get any call from his side. So I called to Krishna stocks’ office and asked about Hardik Sharma. After several attempts he talked to me and told me that my fund transfer is confirmed and told me that my case has been transferred to the accounts wing of Krishna stocks and someone from there will be contacting me soon. But no one called even after a week. So I tried to contact him again in his office number. But he just wouldn’t attend my calls and his colleagues would tell that either he has gone out or some other excuses.

Then I smelt the foul play from their side. So I contacted their customer care centre and explained my case to them. They told me that they don’t know anything about this scheme and told me that they will inform Hardik Sharma to call me back. But nobody called me after that.

So I made a written complaint about this to the CEO of Krishna stocks by speed post. But they didn’t repond to any of my complaints. So now I have lost my hard earned 25000/- to the fraud practices of Hardik Sharma/ Krishna Stocks.

Finally I realsied and thought to raise a complaint with Consumer Court, so that you will bring the issue to light and sue those people who have invloved.

Below are the company's details
Krishna Stocks
Address:
8, Parshwanath complex,
Near New Reserve Bank,
Incometax,
Ahmedabad-380009
GUJARAT, INDIA
Customer Care No.: 079-40068881,079-40088621
FaxNo:079-40069308

Please help me in this regard,
Awaiting your response,
Appusalu

Hi
From your posting I really think you are some one associated with Krishna stocks. How can you say that they are not cheating people. Just read my experience posted below. The person Hardik Sharma from Krishna stocks told me that I dont have to open any trading account with them. He told me that just deposit my fund to the account of Krishna stock and he/krishna stocks will be doing all the trades. And at the end of one month from the date of registration in their scheme I will be getting some 2 to 3 times amount. Now no one is attending my calls/ enquiries. I lost 25000/- to the fraud practices of Hardik Sharma/ Krishna stocks.

So please don't try to fool other poor people also by posting such supporting statements of Krishna stocks. You dont know how the losers feel!

Appusalu

Hi
From your posting I really think you are some one associated with Krishna stocks. How can you say that they are not cheating people. Just read my experience posted below. The person Hardik Sharma from Krishna stocks told me that I dont have to open any trading account with them. He told me that just deposit my fund to the account of Krishna stock and he/krishna stocks will be doing all the trades. And at the end of one month from the date of registration in their scheme I will be getting some 2 to 3 times amount. Now no one is attending my calls/ enquiries. I lost 25000/- to the fraud practices of Hardik Sharma/ Krishna stocks.

So please don't try to fool other poor people also by posting such supporting statements of Krishna stocks. You dont know how the losers feel!

Appusalu

I have paid Rs 10000.00 on 3rd apr 10 in favour of Krishna Stocks in their HDFC ac. Since then they are not respoded. Or nither they send receipt. Help line is also not respoding. Any body cheated by this company may kindly contect on this Mob No. 9390329967. So that we all can take further necessary action.

I invested 20000 rs and now when i call them they say the guy who used to handle my profiles had been fired. When i said i will go to file a police complaint they adamantly told me to do so. I transferred the money to axis bank acc. 073010100380300.

Sir,

I have cheated by Krishna Stocks company. I asked everybody who have been cheated by them please launch ur complain in SEBI Complain Site and media and come together. Please write ur mobile no so that our forum can contact u.

Originally Posted by Unregistered

Hi,


It is not a cheating sir it will be happen they are given u a some detail as per there condition.
u have check them condition and also trade as per information given by him .

So it is not a cheating

Dear Guest
How can you say that they are not cheating people. I was canvassed by one HARDIK SHARMA of Krishna stocks. I told him that I dont have time to do intraday share trading. Then he told me that their money back scheme is designed for customers who dont have time to do day trading. If I invest my capital to the account of Krishna stocks then He or Krishna stocks will be doing the trading and at the end of 30 trading days I will be paying back 2 to 3 times. He assured me that I dont have to do any trading and Krishna stocks will take care of all trading.
What a fool I am. Without thinking much and believing his words I deposited 25000/- to the HDFC abak account of Krishna stocks on 15 02 2010. After payment there is no one to attend my calls and this Hardik Sharma is absconding. Their customer care centre people saying that they dont know anything about such a scheme.This is how I lost my money.

So please dont post things supporing Krishna stocks and blaming poor cstomers who got cheated. They are real frauds and still trapping poor customers.

Appusalu

Dear all who have been cheated by Krishna stocks

Lodge your complaint to the web site of SEBI. Their choose TYPE VI-Collective Scheme Investment. Post ur complaint there. It is sure that SEBI will take action against such fraud companies. Please everyone lodge complaint. We can at least prevent other poor customers from falling into the traps of Hardik Sharmas and Chuhans of Krishna stocks.

Appusalu
You can contact me in the same name appusalu dot yahoo dot com

After speaking to Hardik Sharma, I transferred 10k to Krishna stocks axis bank acc. 909020031066721 and invested in money back scheme on Mar 11. After repeated requests, I have not got my money yet. Krishna Stocks is a fraud company and so are its employees - Hardik Sharma, Krishna Yadav, Pooja (Customer Support).

Originally Posted by Unregistered

I invested 20000 rs and now when i call them they say the guy who used to handle my profiles had been fired. When i said i will go to file a police complaint they adamantly told me to do so. I transferred the money to axis bank acc. 909020031066721.

The company address -
KRISHNA STOCKS
8, Parshwanath complex,
Near New Reserve Bank of India,
Income tax,
Ahmedabad-380009