Dear Sir/Madam,
Sub: I have been cheated in Capital Market by Broker/Sub Broker
Transfer of my chq to third party’s a/c without my knowledge.
I ARUN V PARIKH, I am the registered client with Ventura Securities Ltd (Mumbai) (Broker) by client ID 74175 via Money Plant Securities (Sub Broker) (Mrs: Aarati Vijay Muley) since 17/12/2007.
On 10/01/2008, I had given the cheque to Mrs. Aarti Vijay Muley (Money Plant Securities), the sub-broker, for a sum of Rs 45000/- to deposit with Ventura Securities Ltd on my above referred client ID:74175.. Please refer the attachment No 1 i.e. copy of the said cheque.
However the said cheque was never deposited in my account. There after, I pursued matter with Mrs. Aarati Vijay Muley, (Money Plant Securities) who gave me false assurances that the money will be soon credited to my account.
On 10/03/2010, when I strongly demand the money, she bluntly refused the same. She has purposely passed the time of two years and breached my GOOD FAITH in her.
Thereafter, I went to
Mr. D P Singh (Head of the Legal Department) was not present at that time, Mrs. Fernandes asked me to wait for a day or two.
After a fortnight and with all the telephonic conversations with Mr. D.P.Singh about this matter, he sent one courier stating that Mrs. Aarti Vijay Muley has submitted Memorandum of Understanding (MOU) with them. A copy of the same was being sent to me by courier on 29/03/2010, which I received on the following day. Please refer the attachment no. 2.
On the basis of the above MOU Ventura Securities Ltd & Mr D P Singh has refused to transfer this amount and advised me to meet Mrs. Aarati Vijay Muley directly at her office. I also met her and asked her to return my money, however she has refused to do so.
Please note that, I have not signed any MOU neither I was aware of such document and nor I have authorized any person to do so. It is pertinent to note that there is no Original MOU available with either of the parties i.e.
My grievances are against the sub-broker Mrs: Aarti Vijay Muley of Money Plant Securities and against the broker Ventura Securities Ltd :-
That how can Ventura Securities allow THIRD PARTY TRANSACTION, i.e. transferring a cheque meant for one client ID to another client ID's account without prior notice to the concerned person. I believe that the same is also not permitted under SEBI/NSE rules and regulations.
Secondly, Ventura Securities Ltd has relied on a copy of MOU which is neither stamped nor registered nor any original is available of the same.
It is evident from the above that Mrs. Aarati Vijay Muley (Money Plant Securities) and Ventura Securities Ltd both hand-in-glove have illegally transferred the amount in third party's account and are now refusing to return my money on pretext of the said MOU which has no existence.
As on today, I have taken following actions against Mrs: Aarati Vijay Muley (Money Plant Securities) and
1) On date: 31/03/2010 I have lodge the complaint with Samtanagar Police Station Kandivli-east. (Please refer the Attachment no. 3) against Mrs: Aarati Vijay Muley.
2) On date: 24/04/2010 I have registered the above matter with SEBI and the same is Acknowledgement Ref No: 2010/0014618/01 Dt:22/04/2010. (Please refer the Attachment no. 4)
3) On date: 03/05/2010 I have registered the above matter with NSE. The Complaint ID is 1005210760400081 dated 12/05/2010. (Please refer the Attachment no. 5)
4) On date: 15/06/2010 I have registered the above matter with ECONOMIC OFFENCE WING OF POLICE.
I request you to please confirm to me if any actions can be taken against Ventura Securities and Mrs. Aarati Vijay Muley of Money Plant Securities, if the same comes under any offences.
Thanking you for your kind time and attention.
ARUN PARIKH
(9224323064)
i.e. I am not able to attach files at present.
