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IndiaInfoline / 5paisa / IIFL Cheating with customer

This is a discussion on IndiaInfoline / 5paisa / IIFL Cheating with customer within the Stock Market forums, part of the Investment category; IndiaInfoLine doing fraud. I have a DMAT account with India Infoline Ltd. in Noida, UP branch. I have a complaint ...

  1. #1
    rajkrgoyal is offline Junior Member
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    Jun 2010
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    Default IndiaInfoline / 5paisa / IIFL Cheating with customer

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    IndiaInfoLine doing fraud.

    I have a DMAT account with India Infoline Ltd. in Noida, UP branch. I have a complaint that my Relationship Manager (Mr. Amit Sharma) of India Infoline company has cheated me & invested my money into the market without my knowledge and gave me the loss of around Rs. 20000/- or may be more. I didn't have balance in my account and he bought stock of around 1 lacks. And he kept me in loss. My Account was in debit many time for more than 40,000/-. I put only 26,000/- in my account.

    I send mail to him many times regarding that, but there is no reply about it.

    Except it, India Infoline has taken extra DPC charges, but there is no clarification about it.



    Thanks
    Raj Kumar Goyal
    9911782811

  2. #2
    Sagarmoy Sinha Guest

    Default India Infoline Confusing and Missguiding Customer

    I am a DP account holder of IIFL. My user id is SINSAGAR. Today it is 9th day passed I have sold 25 nos. RIL Eq on 07-10-2010 did not get my payment inspite of regorious followup since 11-10-2010. I just can not accept how a company like RIL trading pay out can be hold back for such a long time.
    My serious complain against IIFL is that their employees are regularly confusing their customers from their personal contact nos. to the customers registered mobile no. Suggesting unrealist profit in no time and ultimately puts customers into deep trouble. This is the reason I have decided to close my DP account with then that is why I am requesting them to release my RIL's payment for last couple of days.
    I would like to put forward my todays live experience which is as follows :- Morning around 09:15 when I was terribly busy with some other job, all on a sudden got a phone call from 9903111440 and started requesting to purchase 200 SESAGOA promissing that it would go Rs. 400 by today itself. Ultimately I agreed to purchase 50 qty with lot of confusion and misrepresentation of fact by the IIFL personnel. Few minutes later they informed me from their registered land line no. 033-4402-8614 that my order has been executed at Rs 381 per Sesagoa share. At the day end it closes at Rs. 371. I am not complaining for my loss because I understand that ultimately it is now my decision to place the purchase. But all I am trying to say is that Customer interest is not safe in IIFL's hand because of their unfare practice in cunfusing customers projecting unrealistic profit and ultimately puting them into trouble and making their business thru.
    I am really highly decartain in not getting payment against RIL sales and like to put a official complain against this. In case I do not get any response in reasonible lenght of time then I would be compelled to lodge the complain with SEBI.

    Regards.

    Sagarmoy Sinha
    sagarmoy.sinha@gmail.com
    Contact no : 9830880546

  3. #3
    sonivind Guest

    Thumbs up deesa

    sonivind

    check

  4. #4
    brian nathaniel soans is offline Senior Member
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    Nov 2010
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    362

    Default

    dear Mr.Sinha,
    I have lost 21 lakhs as total by insider trading at iifl. I had never traded and the manager had traded without my knowledge and consent.
    Now this has been 2 years and I have studied the entire matter. I had approached NSE and as the official there had been bribed by the manager and legal counsel of India Infoline. I had written to sebi they just gave me a referance number and nothing much has happenned. I have about 30 people who have lost money in IIFL FRAUD. If you would like to cooperate we would like to help you as a team of people will definitly make a differance and we will recieve our righfull amounts lost to frauds at iifl.

  5. #5
    SRIPKUMA Guest

    Default Cheated by iifl

    I, mr. Sripada kumar baidya having dp account with iifl. I have invested rs. 50000/- now my fund value is including existins shares maximum 10000/-. My question in what percentage one can get a loss of 300% on his investment. As per market condition there is no way to get such loss and so far i have daily records this much of loss is impossible. I need proper clarification from company site with proper calculation otherwise i will request sebi to verify my loss and then if i do not get single money i do not mind.

    Thanks
    mr. Sripada kumar baidya
    cusid- sripkuma




    Quote Originally Posted by brian nathaniel soans View Post
    dear mr.sinha,
    i have lost 21 lakhs as total by insider trading at iifl. I had never traded and the manager had traded without my knowledge and consent.
    Now this has been 2 years and i have studied the entire matter. I had approached nse and as the official there had been bribed by the manager and legal counsel of india infoline. I had written to sebi they just gave me a referance number and nothing much has happenned. I have about 30 people who have lost money in iifl fraud. If you would like to cooperate we would like to help you as a team of people will definitly make a differance and we will recieve our righfull amounts lost to frauds at iifl.

  6. #6
    IIFL_Customer_Care is offline Junior Member
    Join Date
    Dec 2010
    Posts
    8

    Default

    Dear Customer,

    This has reference to your observations. In order to help us address the same, kindly provide us complete details (such as Login ID in connection with this issue . Please quote the same in your email. Upon receipt of the mail, our customer service team will be able to work on resolving the same.

    Regards,

    IIFL Customer Care

  7. #7
    Unregistered Guest

    Default complaint regarding iifl

    Dear team,
    i have Demat account in india infoline at tarnaka branch@Hyderabad
    My RM place some order for arount 2lakhs rupees with out my notice.
    Because of that i lost 30k rupees,
    i talk with my RM he is not responding properly and they change my RM also with out my notice.
    i make a complaint to IIFL customer care service they also not yet respond .
    please tell me to whom did i contact.

    Regards,
    Anil

  8. #8
    brian nathaniel soans is offline Senior Member
    Join Date
    Nov 2010
    Posts
    362

    Default

    Regd: Forum to combat frauds of india infoline - legal assistance - support provided
    FORUM OF INVESTORS : WHO HAVE SUFFERED FROM FRAUDS BY
    INDIA INFOLINE.
    INTRODUCTION: AS MANY INVESTORS ARE AWARE - INDIA INFOLINE IS REPUTED TRADING HOUSE
    WHO CHEAT INVESTORS BY INSIDER TRADING.
    FRAUDS IN KYC - BRIBING NSE, SEBI AND BSE ARE COMMAN PRACTISES FOLLOWED BY THE CHAIRMAN AND DIRECTORS OF INDIAINFOLINE.
    INDIA INFOLINE CHEATS THE INVESTORS AND DEMAT HOLDERS TO HUGE SUMS BY TRADING WITHOUT CONSENT. THEN THEY USE A PART OF THE INCOME GENERATED SO TO BRIBE THE NSE, BSE AND GOVT.MACHINERY LIKE SEBI.
    WHEN THE CLIENT COMPLAINS TO THE NSE OR BSE OR SEBI EACH OF THEM PASS ON THE RESPONSIBILITY TO OTHERS.
    THERE ARE 487 CASES OF FRAUDS DONE BY IIFL IN NSE. AS THE EMPLOYEES OF NSE ARE INVOLVED IN MALPRACTISES WITH IIFL ., WHICH IS UNDERSTOOD NO COMPLAINANAT HAS BEEN ABLE TO GET JUSTICE.

    ALL INVESTORS WHO HAVE BEEN CHEATD BY INDIA INFOLINE ARE HEREBY CALLED UPON TO JOIN US TO FIGHT AND CLOSE DOWN INDIAINFOLINE.
    THIS IS A SOCIAL EVIL AND WE NEED TO FIGHT AND ERADICATE IIFL.
    INDIA INFOLINE ALL OVER INDIA NEEDS TO BE CLOSED DOWN AND NOTHING LESS.
    FRAUDS LIKE NIRMAL JAIN, VENKATRAMAN ARE FRAUDS WHO BUILD AND CREATE RECORDS OF ACCOUNTS AND ARE WISE TO EPLOY STAFF WHO ROB AND EARN COMMISSION TO INDIA INFOLINE AT THE COST OF A POOR INVESTOR. ON THE OTHER HAND NSE, BSE AND SEBI WHO HAVE TO PROTECT THE INVESTORS ARE PLAYING HANDINGLOVE AS SOME OF THEIR EMPLOYEES ARE PAID SERVANTS OF INDIA INFOLINE.


    PLEASE JOIN FRAUD CONTROL FORUM OF INDIA- AGAINST INDIA INFOLINE
    CALL: DR.B.N.SOANS : 09245201687

  9. #9
    brian nathaniel soans is offline Senior Member
    Join Date
    Nov 2010
    Posts
    362

    Default

    Forum TO Combat Frauds of India Infoline - Legal Assistance Provided to All Investors

    Purpose :Established to COMBAT - FIGHT Against the CRIMES commited by India Infoline
    Provide : Legal Assistance to all Investors- Victims of Fraud commited by India Infoline.

    FACULTY:We have A Team of Cyber Experts, Experts In the Field of Financial Laws - Trading
    here To HELP the Greived Investor to understand on how the crime has been done
    by ELECTRONIC Wire of INDIA INFOLINE Terminals.
    Understanding the PREMEDITATED Criminal Stratergy of INDIA INFOLINE
    1. Wrong Entry of KYC:
    It is a comman practise at INDIA INFOLINE that when a new client wants to start an account
    the Manager of IIFL Terminal states that he will enter the KYC.
    They dont allow the client to enter KYC. Even if the client enters the KYC the manager will somehow
    state the enteries by the client , especialliy their contact numbers, bank details , their email id
    is compulsory to be Entered by the Manager.
    Most of the clients who open a Demat Account feel that this is similiar to opening a bank account
    So they oversee what is coming. The Manager at many times enteres the wrong or a newly created
    email id by themselves without the knowledge of the client : which is the 1st principle crim they do
    so as to steal the clients identity. This is Identity Theft.
    The other notable theft is many clients sugn the 40 page agreement without reading thru the whole.
    Thus a client is unaware the secrests involved in the 40 page document.
    IDENTITY Theft :
    2. Fraud committed by India Infoline: Managers , staff by wrong entry of KYC.
    Stealing ones IDENTITY: By creating a New Email ID: In the name of client without their knowledge
    or approval , Then trading with their monies in their DEMAT Account : The Result: Such Trading done
    the sauda summary or statement of trading of the day goes into the falsely created Email Account
    in the name of the Client. Thus the Client is unaware of the transaction taking place.
    After a period of time when the CLIENT starts Enquiring of their Trading summary , then they realise
    such trading without their knowledge and conset have taken palce.This is INSIDER Trading A comman
    practise at INDIA INFOLINE
    3. INSIDER TRADING:
    Insider Trading is done by buying - selling stocks in the DEMAT account of the client without the customers
    knowledge and consent. The client or the holder of the DEMAT account is unaware of such insider trading
    as the client is clueless of this crime for a long period. The crime comes to light only when the client goes to
    INDIA INFOLINE office and ask them for a trading summary of payouts of large sum to withdraw their investment.
    This is many a times too late .

    WHAT DOES THE LAW SAY: WHAT IS THE INDIAN INVESTOR GETTING: A REALITY CHECK

    MACHINERY RESPONSIBLE TO PROTECT THE INVESTORS MONEY IN INDIA
    NSE, BSE and the Regulatory SEBI an Insight into the practical aspects of law

    1st and foremost most of the clients duped by India Infoline will be in a sense of shock after falling prey to
    crime.
    2ndly they are clueless of how to go about their case.
    3rd when they apporach NSE or BSE they are unaware of the harrassment they are about to go thru.
    The aldradey emtied client goes in search of justice and gets mislead by NSE, BSE in the 1st stance
    each other passing the mantle of fault here and there.
    Then once they acknowledge that a stock trade has taken place from the NSE then the NSE is so corroded
    they call the client for an arbitration. This is the initiation of crime by NSE offficials who are paid servants of
    INDIA INFOLINE who have no consience or basic sensitivity to understand the pain of an investor.
    They also call the INDIA INFOLINE Lawyer and the Manager and the NSE if it gives time for the client arbitration
    at 11am invites the INDIA INFOLINE lawyer at 10am . Then they collect bribe from INDIA INFOLINE
    and after such underhand dealing and settlement within themselves they call the client at 11am and try to
    dismiss the clients claim. This is a reality of NSE and there are proofs to prove the corrupt practises
    ailing the NSE.
    If a client is still persistant the NSE scares the aldready empty client that their arbitration charge is Rs.65,000
    which the NSE Officials very well know that the investor who has lost all his money cant afford.
    Also after getting the initial raw deal by the corrupt NSE the grevied client will be aprehensive to enter into an
    ARBITRATION proceedings with the same NSE which is a onesided baised affair.
    There are 487 cases registered against malpractises in trading by India Infoline in 2010. All the cases are won
    by India Infoline and not even 1 case won by the Greived investor. This is an additional proof that NSE is a onesided
    baised body which only gets bought up by IndiaInfoline. NSE : is a corrupt body and it is a pity that Investors interests
    are at stake.
    4. SEBI: When a client writes to SEBI., SEBI Takes 30-45 days to send the client a Refereance Number.
    Then when the client calls SEBI 1st of all there is no proper person to recieve the call. 2ndly no one at SEBI
    is Not INTERESTED to hear the client out. SEBI has no patience to listem to the INVESTORS greviance.
    SEBI is a dead body who justs looks the other side when a greived investor approaches it. Thus the machinery of
    the Government to safegaurd the investors monies is A DEAD BODY.
    5. Cyber Police: This is a procedure that keeps going onn and onn ,consumer filing for reinvestigation.By the end without
    the cooperation of NSE, BSE OR SEBI the poor cyber police find it difficult to address the case.
    6. A press release given by 1 of the victims in Bnagalore was covered by KASTURI- a Channel owned by none less
    than the ex- chief minister of Karnataka : H.D.Kuamaraswamy 's family. The taoes were sold in turn of jingles and ads
    sponsered by INDIAI INFOLINE. The same is in the case ; when one of the victims heard the interview of Nirmal Jain
    on NDTV Profit which is also a voice of India Infoline. Mr.Nirmal Jain rubbished all arbitratory cases on INDIA INFOLINE.
    When one of the investors whos arbitration was in process wrote to NDTV Profit ., the media refused to take up for truth.
    Thus the Forum comes to a conclusion that most of the MEDIA IS THE SLAVE OF THE RICH.
    Only ZEE BUSINESS has been reupted to take up such issues and the poor channel being investor friendly has been
    les glamarous. The Forum requests all Indian Investors to watch ZEE BUSINESS which provides accurate information
    on the happenings - updates in INDIAN STOCK MARKET .

    Victims OF INDIA INFOLINE :
    India Infoline is a company which their primciple is to cheat investors and make money for their compnay and a part of the booty
    is shared with corrupt officials at NSE . SEBI.
    2ndly India Infoline has the nack of Employing people who are willing to cheat the Client. The managers who joined IIFL
    been honest to their job,not willing to cheat the client/demat holder .Note: there are many complaints against IndiaInfoline in
    website: of throwing such honest employees out of their posts without paying their
    PF - salary nor proper explanation given by IndiaInfoline on dismissing such honest employees.
    Thus VICITIMS of India Infoline : 1. The INVESTOR.
    2. The honest people who innocently joined as to be employees of IIFL
    not knowing the intentions of the Directors of IndiaInfoline.
    Check complaints AT : which is proofs for the same


    PLAN OF ACTION BY THE FORUM :
    The Forum is a body of committed intellects and person s who have undergone such ordeal and
    NON CORRUPT - NON PROFITABLE .
    There are many instances where INDIA INFOLINE has approached to bribe and subdue the voice of this Forum.
    As all the Forum Principle Directors are very well to do and people of integrity such attempts have constantly failed.
    We are here to look into the interests of the VITIM OF INDIA INFOLINE. As a Dedicated team We have around 1,500
    people in the forum now.Persons who have been cheated by INDIA INFOLINE anywhere in India can join the Forum.
    By simply writing to : alliedlawmumbai@yahoo.in
    The FORUM requests each and every greived victim to send their details to the Forum so that the Forum Panel
    well equipped by cyber experts, legal team will examine and guide the vitim to understand his/her case . and help
    the Victim to Present the casse in strong and appropriate manner.

    The FORUM INTENTION:
    The Forum intends to safegaurd and Fight for restoring the losses - by maing sure India Infoline pays back theInvestor.
    The Forum is addressing the case to The Prime Ministers Office, The Finance MiNISTER, The Corporate Body -Ministries.

    India Infoline is a company which their primciple is to cheat investors and make money for their compnay and a part of the booty
    is shared with corrupt officials at NSE . SEBI.
    2ndly India Infoline has the nack of Employing people who are willing to cheat the Client. The managers who have been
    honest ; note- there are many complaints of IndiaInfoline throwing them out t=of their posts with PF nor salary ,nor
    proper explanation.
    Thus VICITIMS of India Infoline are 2. 1. The INVESTOR. 2. Th ehonest people who join IndiaInfoline
    But in INDIA ., Still not everyone can be bought. Every system is not corrupt. Thus as A TEAM WE FIGHT
    THE CORRUPT PRACTISES .
    The intention of India Infoline is not to pay back any., as they fear if they pay up 1 client they will have to pay up
    each and everyone they have cheated.
    The Forum will MAKE SURE - INDIA INFOLINE Pay Up - EVERYBODY -each and every client who has been
    cheated by the Premeditated Criminal intentions of India Infoline.

    JOIN US NOW: LETS ERADITCATE CORRUPTION IN THE STOCK MARKET

    INDIAN STOCK MARKET DOESNT NEED - INDIA INFOLINE.
    Corrupt machineries like NSE. AND few officials at SEBI who are also paid servnats of INDIA INFOLINE.
    ACT NOW is BETTER Than LATE. Justice Delayed is Justice DENIED.
    Request to all The vitims of India Infoline: by the Forum Body:

    All Victims of IIFL Fraud anywhere in India are INVITED to Join this FORUM
    Join Us to work towards Bringing -IIFL the Fraud to Light.

    The Central Govt. , Ministry of Finance , The Media will look into our cases. 2010 was the year of scams. Lets stop it.
    Lets bring the INDIA INFOLINE SCAM TO LIGHT.

    As honest citizens of India lets wake up before it is too late.Lets save our Economy.
    Our Prime Minister Dr.Manmohan Singhji is an honest upright person who is the principle in building Indian Economy.

    Stopping Frauds now is better and will stop corruption in STOCK MARKET.
    Its better now thatn wait till the bubble bursts.

    For Legal assistance CALL: DR.B.N.SOANS : 09245201687

    EMAIL : alliedlawmumbai@yahoo.in

    Members Principle Forum:

    Mr.Asish Mitra : 09230511724

    Mr. Brajesh Rathod : 09713657195

    Dr.Ajit Prsasadam ; 09486639108

    Mrs. Rebecca : 09659755705

  10. #10
    IIFL_Customer_Care is offline Junior Member
    Join Date
    Dec 2010
    Posts
    8

    Default

    Dear Anil,

    This has reference to your observations. In order to help us address the same, kindly provide us complete details (such as Login ID/contact number in connection with this issue . Please quote the same in your email. Upon receipt of the mail, our customer service team will be able to work on resolving the same.

    Regards,

    IIFL Customer Care

  11. #11
    IIFL_Customer_Care is offline Junior Member
    Join Date
    Dec 2010
    Posts
    8

    Default

    Dear Customer,

    This has reference to your observations. In order to help us address the same, kindly provide us complete details (such as Login ID/contact number in connection with this issue . Please quote the same in your email. Upon receipt of the mail, our customer service team will be able to work on resolving the same.

    Regards,

    IIFL Customer Care



    Quote Originally Posted by brian nathaniel soans View Post
    Regd: Forum to combat frauds of india infoline - legal assistance - support provided
    FORUM OF INVESTORS : WHO HAVE SUFFERED FROM FRAUDS BY
    INDIA INFOLINE.
    INTRODUCTION: AS MANY INVESTORS ARE AWARE - INDIA INFOLINE IS REPUTED TRADING HOUSE
    WHO CHEAT INVESTORS BY INSIDER TRADING.
    FRAUDS IN KYC - BRIBING NSE, SEBI AND BSE ARE COMMAN PRACTISES FOLLOWED BY THE CHAIRMAN AND DIRECTORS OF INDIAINFOLINE.
    INDIA INFOLINE CHEATS THE INVESTORS AND DEMAT HOLDERS TO HUGE SUMS BY TRADING WITHOUT CONSENT. THEN THEY USE A PART OF THE INCOME GENERATED SO TO BRIBE THE NSE, BSE AND GOVT.MACHINERY LIKE SEBI.
    WHEN THE CLIENT COMPLAINS TO THE NSE OR BSE OR SEBI EACH OF THEM PASS ON THE RESPONSIBILITY TO OTHERS.
    THERE ARE 487 CASES OF FRAUDS DONE BY IIFL IN NSE. AS THE EMPLOYEES OF NSE ARE INVOLVED IN MALPRACTISES WITH IIFL ., WHICH IS UNDERSTOOD NO COMPLAINANAT HAS BEEN ABLE TO GET JUSTICE.

    ALL INVESTORS WHO HAVE BEEN CHEATD BY INDIA INFOLINE ARE HEREBY CALLED UPON TO JOIN US TO FIGHT AND CLOSE DOWN INDIAINFOLINE.
    THIS IS A SOCIAL EVIL AND WE NEED TO FIGHT AND ERADICATE IIFL.
    INDIA INFOLINE ALL OVER INDIA NEEDS TO BE CLOSED DOWN AND NOTHING LESS.
    FRAUDS LIKE NIRMAL JAIN, VENKATRAMAN ARE FRAUDS WHO BUILD AND CREATE RECORDS OF ACCOUNTS AND ARE WISE TO EPLOY STAFF WHO ROB AND EARN COMMISSION TO INDIA INFOLINE AT THE COST OF A POOR INVESTOR. ON THE OTHER HAND NSE, BSE AND SEBI WHO HAVE TO PROTECT THE INVESTORS ARE PLAYING HANDINGLOVE AS SOME OF THEIR EMPLOYEES ARE PAID SERVANTS OF INDIA INFOLINE.


    PLEASE JOIN FRAUD CONTROL FORUM OF INDIA- AGAINST INDIA INFOLINE
    CALL: DR.B.N.SOANS : 09245201687

  12. #12
    IIFL_Customer_Care is offline Junior Member
    Join Date
    Dec 2010
    Posts
    8

    Default

    Dear Customer,

    This has reference to your observations. In order to help us address the same, kindly provide us complete details (such as Login ID/contact number in connection with this issue . Please quote the same in your email. Upon receipt of the mail, our customer service team will be able to work on resolving the same.

    Regards,

    IIFL Customer Care

    Quote Originally Posted by brian nathaniel soans View Post
    Forum TO Combat Frauds of India Infoline - Legal Assistance Provided to All Investors

    Purpose :Established to COMBAT - FIGHT Against the CRIMES commited by India Infoline
    Provide : Legal Assistance to all Investors- Victims of Fraud commited by India Infoline.

    FACULTY:We have A Team of Cyber Experts, Experts In the Field of Financial Laws - Trading
    here To HELP the Greived Investor to understand on how the crime has been done
    by ELECTRONIC Wire of INDIA INFOLINE Terminals.
    Understanding the PREMEDITATED Criminal Stratergy of INDIA INFOLINE
    1. Wrong Entry of KYC:
    It is a comman practise at INDIA INFOLINE that when a new client wants to start an account
    the Manager of IIFL Terminal states that he will enter the KYC.
    They dont allow the client to enter KYC. Even if the client enters the KYC the manager will somehow
    state the enteries by the client , especialliy their contact numbers, bank details , their email id
    is compulsory to be Entered by the Manager.
    Most of the clients who open a Demat Account feel that this is similiar to opening a bank account
    So they oversee what is coming. The Manager at many times enteres the wrong or a newly created
    email id by themselves without the knowledge of the client : which is the 1st principle crim they do
    so as to steal the clients identity. This is Identity Theft.
    The other notable theft is many clients sugn the 40 page agreement without reading thru the whole.
    Thus a client is unaware the secrests involved in the 40 page document.
    IDENTITY Theft :
    2. Fraud committed by India Infoline: Managers , staff by wrong entry of KYC.
    Stealing ones IDENTITY: By creating a New Email ID: In the name of client without their knowledge
    or approval , Then trading with their monies in their DEMAT Account : The Result: Such Trading done
    the sauda summary or statement of trading of the day goes into the falsely created Email Account
    in the name of the Client. Thus the Client is unaware of the transaction taking place.
    After a period of time when the CLIENT starts Enquiring of their Trading summary , then they realise
    such trading without their knowledge and conset have taken palce.This is INSIDER Trading A comman
    practise at INDIA INFOLINE
    3. INSIDER TRADING:
    Insider Trading is done by buying - selling stocks in the DEMAT account of the client without the customers
    knowledge and consent. The client or the holder of the DEMAT account is unaware of such insider trading
    as the client is clueless of this crime for a long period. The crime comes to light only when the client goes to
    INDIA INFOLINE office and ask them for a trading summary of payouts of large sum to withdraw their investment.
    This is many a times too late .

    WHAT DOES THE LAW SAY: WHAT IS THE INDIAN INVESTOR GETTING: A REALITY CHECK

    MACHINERY RESPONSIBLE TO PROTECT THE INVESTORS MONEY IN INDIA
    NSE, BSE and the Regulatory SEBI an Insight into the practical aspects of law

    1st and foremost most of the clients duped by India Infoline will be in a sense of shock after falling prey to
    crime.
    2ndly they are clueless of how to go about their case.
    3rd when they apporach NSE or BSE they are unaware of the harrassment they are about to go thru.
    The aldradey emtied client goes in search of justice and gets mislead by NSE, BSE in the 1st stance
    each other passing the mantle of fault here and there.
    Then once they acknowledge that a stock trade has taken place from the NSE then the NSE is so corroded
    they call the client for an arbitration. This is the initiation of crime by NSE offficials who are paid servants of
    INDIA INFOLINE who have no consience or basic sensitivity to understand the pain of an investor.
    They also call the INDIA INFOLINE Lawyer and the Manager and the NSE if it gives time for the client arbitration
    at 11am invites the INDIA INFOLINE lawyer at 10am . Then they collect bribe from INDIA INFOLINE
    and after such underhand dealing and settlement within themselves they call the client at 11am and try to
    dismiss the clients claim. This is a reality of NSE and there are proofs to prove the corrupt practises
    ailing the NSE.
    If a client is still persistant the NSE scares the aldready empty client that their arbitration charge is Rs.65,000
    which the NSE Officials very well know that the investor who has lost all his money cant afford.
    Also after getting the initial raw deal by the corrupt NSE the grevied client will be aprehensive to enter into an
    ARBITRATION proceedings with the same NSE which is a onesided baised affair.
    There are 487 cases registered against malpractises in trading by India Infoline in 2010. All the cases are won
    by India Infoline and not even 1 case won by the Greived investor. This is an additional proof that NSE is a onesided
    baised body which only gets bought up by IndiaInfoline. NSE : is a corrupt body and it is a pity that Investors interests
    are at stake.
    4. SEBI: When a client writes to SEBI., SEBI Takes 30-45 days to send the client a Refereance Number.
    Then when the client calls SEBI 1st of all there is no proper person to recieve the call. 2ndly no one at SEBI
    is Not INTERESTED to hear the client out. SEBI has no patience to listem to the INVESTORS greviance.
    SEBI is a dead body who justs looks the other side when a greived investor approaches it. Thus the machinery of
    the Government to safegaurd the investors monies is A DEAD BODY.
    5. Cyber Police: This is a procedure that keeps going onn and onn ,consumer filing for reinvestigation.By the end without
    the cooperation of NSE, BSE OR SEBI the poor cyber police find it difficult to address the case.
    6. A press release given by 1 of the victims in Bnagalore was covered by KASTURI- a Channel owned by none less
    than the ex- chief minister of Karnataka : H.D.Kuamaraswamy 's family. The taoes were sold in turn of jingles and ads
    sponsered by INDIAI INFOLINE. The same is in the case ; when one of the victims heard the interview of Nirmal Jain
    on NDTV Profit which is also a voice of India Infoline. Mr.Nirmal Jain rubbished all arbitratory cases on INDIA INFOLINE.
    When one of the investors whos arbitration was in process wrote to NDTV Profit ., the media refused to take up for truth.
    Thus the Forum comes to a conclusion that most of the MEDIA IS THE SLAVE OF THE RICH.
    Only ZEE BUSINESS has been reupted to take up such issues and the poor channel being investor friendly has been
    les glamarous. The Forum requests all Indian Investors to watch ZEE BUSINESS which provides accurate information
    on the happenings - updates in INDIAN STOCK MARKET .

    Victims OF INDIA INFOLINE :
    India Infoline is a company which their primciple is to cheat investors and make money for their compnay and a part of the booty
    is shared with corrupt officials at NSE . SEBI.
    2ndly India Infoline has the nack of Employing people who are willing to cheat the Client. The managers who joined IIFL
    been honest to their job,not willing to cheat the client/demat holder .Note: there are many complaints against IndiaInfoline in
    website: of throwing such honest employees out of their posts without paying their
    PF - salary nor proper explanation given by IndiaInfoline on dismissing such honest employees.
    Thus VICITIMS of India Infoline : 1. The INVESTOR.
    2. The honest people who innocently joined as to be employees of IIFL
    not knowing the intentions of the Directors of IndiaInfoline.
    Check complaints AT : which is proofs for the same


    PLAN OF ACTION BY THE FORUM :
    The Forum is a body of committed intellects and person s who have undergone such ordeal and
    NON CORRUPT - NON PROFITABLE .
    There are many instances where INDIA INFOLINE has approached to bribe and subdue the voice of this Forum.
    As all the Forum Principle Directors are very well to do and people of integrity such attempts have constantly failed.
    We are here to look into the interests of the VITIM OF INDIA INFOLINE. As a Dedicated team We have around 1,500
    people in the forum now.Persons who have been cheated by INDIA INFOLINE anywhere in India can join the Forum.
    By simply writing to : alliedlawmumbai@yahoo.in
    The FORUM requests each and every greived victim to send their details to the Forum so that the Forum Panel
    well equipped by cyber experts, legal team will examine and guide the vitim to understand his/her case . and help
    the Victim to Present the casse in strong and appropriate manner.

    The FORUM INTENTION:
    The Forum intends to safegaurd and Fight for restoring the losses - by maing sure India Infoline pays back theInvestor.
    The Forum is addressing the case to The Prime Ministers Office, The Finance MiNISTER, The Corporate Body -Ministries.

    India Infoline is a company which their primciple is to cheat investors and make money for their compnay and a part of the booty
    is shared with corrupt officials at NSE . SEBI.
    2ndly India Infoline has the nack of Employing people who are willing to cheat the Client. The managers who have been
    honest ; note- there are many complaints of IndiaInfoline throwing them out t=of their posts with PF nor salary ,nor
    proper explanation.
    Thus VICITIMS of India Infoline are 2. 1. The INVESTOR. 2. Th ehonest people who join IndiaInfoline
    But in INDIA ., Still not everyone can be bought. Every system is not corrupt. Thus as A TEAM WE FIGHT
    THE CORRUPT PRACTISES .
    The intention of India Infoline is not to pay back any., as they fear if they pay up 1 client they will have to pay up
    each and everyone they have cheated.
    The Forum will MAKE SURE - INDIA INFOLINE Pay Up - EVERYBODY -each and every client who has been
    cheated by the Premeditated Criminal intentions of India Infoline.

    JOIN US NOW: LETS ERADITCATE CORRUPTION IN THE STOCK MARKET

    INDIAN STOCK MARKET DOESNT NEED - INDIA INFOLINE.
    Corrupt machineries like NSE. AND few officials at SEBI who are also paid servnats of INDIA INFOLINE.
    ACT NOW is BETTER Than LATE. Justice Delayed is Justice DENIED.
    Request to all The vitims of India Infoline: by the Forum Body:

    All Victims of IIFL Fraud anywhere in India are INVITED to Join this FORUM
    Join Us to work towards Bringing -IIFL the Fraud to Light.

    The Central Govt. , Ministry of Finance , The Media will look into our cases. 2010 was the year of scams. Lets stop it.
    Lets bring the INDIA INFOLINE SCAM TO LIGHT.

    As honest citizens of India lets wake up before it is too late.Lets save our Economy.
    Our Prime Minister Dr.Manmohan Singhji is an honest upright person who is the principle in building Indian Economy.

    Stopping Frauds now is better and will stop corruption in STOCK MARKET.
    Its better now thatn wait till the bubble bursts.

    For Legal assistance CALL: DR.B.N.SOANS : 09245201687

    EMAIL : alliedlawmumbai@yahoo.in

    Members Principle Forum:

    Mr.Asish Mitra : 09230511724

    Mr. Brajesh Rathod : 09713657195

    Dr.Ajit Prsasadam ; 09486639108

    Mrs. Rebecca : 09659755705

  13. #13
    brian nathaniel soans is offline Senior Member
    Join Date
    Nov 2010
    Posts
    362

    Exclamation we have had assurances in the past- and no addressed it- time buying tactic?

    Dear IIFL Team,
    To whomsoever is writing.Please note : iifl is well aware of our cases itself. 2ndly we had recieved only assurances to resolve the problem , but nothing much has taken place in any manner.
    we are given to understand it is just a time buying tactic.
    If india infoline is so concerned about their investors monies and really want to solve our porblems we give you one more chance.call : 09245201687 and solve our problems. we dont need same old assurances. we are looking for action not assurances.
    its high time iifl realise importance of responding to their clients and address and solve their greviance.
    we are looking for valued results now , no assurances and no more time buying tactics.
    let us see how well IIFL will address us









    Quote Originally Posted by SRIPKUMA View Post
    I, mr. Sripada kumar baidya having dp account with iifl. I have invested rs. 50000/- now my fund value is including existins shares maximum 10000/-. My question in what percentage one can get a loss of 300% on his investment. As per market condition there is no way to get such loss and so far i have daily records this much of loss is impossible. I need proper clarification from company site with proper calculation otherwise i will request sebi to verify my loss and then if i do not get single money i do not mind.

    Thanks
    mr. Sripada kumar baidya
    cusid- sripkuma

  14. #14
    Unregistered Guest

    Default fraud - shares sold without informing

    Dear Sir,


    i have account with iifl . iifl have sold my shares without informing me or authorization on 26/05/2011 contract no nn/099/1179353 settlement no nn2011099 . its shocking that such thing can happen .


    neha
    9833839639

  15. #15
    Harsh_soni is offline Junior Member
    Join Date
    Oct 2011
    Posts
    1

    Default

    Sir,
    this is Harsh Soni having an account with IIFL with ID:HARSHVIJ and SMITHAPU, my problem with ID: SMITHAPU is that they have charged me with an annual charges of RS.270 stating maintainace charges, where there was a clear word given me from their broker that o charges would be deducted and this issue is being pending from 6months and no response has been taken, the same account HARSHVIJ was also opened with the same broker and on that account no charges are being deducted

    Now, for the account HARSHVIJ i am facing terrible problem as the web terminal which they have provided doesnt get refreshed for almost 30mins, i have mailed them on all their ids and even after calling them there is no solution because of which i have amost lost more that Rs.1000/- and on top of it they are giving me closing form

    Please give me some relief as its not the case of money but this craps gives some promises and than run away and i would like to teach this unethical business people some lesson
    I have the screen shots and all as the proof for the support
    Regards
    Harsh Soni
    9930220975

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