India Infoline Ltd - Malpractices in India Infoline Limited
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Complaint by: vipran on June 13, 2011, 9:27 am in Others

Dear Sir,Madam,

I Vidya Shetty(Panigrahi) am a remiser with India Infoline Limited Nasik road branch, above reliance fresh,Pratik Arcade, since Dec 2009. My remiser code for equity is FM966 and for commodity is RC1500 with the commission sharing of 20% permonth of the brokerage generated by the clients.
I had put a good number of clients and their money in equity and commodity nearing 15lacs in just 6-8months.

After facing some looses personally and for my client's money I had stopped investing more clients money in India Infoline. From the month of March I have been asking for my clients Ledger Statements, Brokerage Statements,Sauda Summary, but i have been denied for the same.
The dealer who has done the trading of my clients,being a very good friend of mine, says he has done good turnover in month of Jan,Feb,March for certain clients. But the Branch Manager Allan Saldanha and Sr.Branch Manager Bipin Patil are not letting me have the summary and denying the fact.
Now I got to know from my dealer and one of my client that the dealer is being pressurized for getting a signature of a client on a letter, typed by the branch manager Allan Saldanha stating that 'kindly get my client id transfered from remiser code to branch code'.These are the tricks they are playing behind my back to eat away my money.

Earlier whenever I used to ask for the summary,I used to get them immediately within two days. This time they are delaying by giving some reason or the other. I believe they r delaying as the remiser code is active only for 2 years and they would delay till the end of the term and then reply ur code has been terminated.

I just want to know the Sauda Summary of my clients which is my right and my respective commission(if any)

Vidya Shetty(Panigrahi)
Vidya Shetty my maiden name
Vidya Panigrahi Name after marriage
Remiser Code is in name of Vidya Shetty.

Complainant's Goal: To get the money generated in my clients accounts
Complainant's Target: India Infoline Ltd
Complaint Location: IndiaNasik
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Mon, 13 Jun 2011  Message from Helpdesk

An email communication has been sent to India Infoline Ltd on June 13, 2011, 9:27 am