Feedback Message Board


1. Akash   I Like It. |Report Abuse|  Link|May 23, 2016 7:48:04 PMReply
I am investor named Akash Jain (Id: 104A16), had opened a demat account 01 month ago in Kaynet Finance Limited through its Relationship manager named Kushang Mohan,

He asked me to deposit Rs.10,000/- for margin money and started to trade in currency.
But i asked him not to buy more lots/quantities as i am very small investor and could not invest for than this.
Despite of that he asked to for more margin and after i deposited total Rs.65,000/- in demat account only because of Kushang Mohan, as he told me otherwise i may suffer loss.
After fews days i again asked him to transfer whole amount in my account. But he did not do this and again bought 30 lots of GBP currency. He did not made "Order Call" before buy and in the evening when i came to know that he has bought so many units and i asked why are you doing this. As market was going down, he again bought 60 lots.
after that collapsed and he make my loss of Rs.70,000/- approx.In the starting i did not give trade confirmation on automatic call then he told me to accept it otherwise you may incur loss. Therefore i used to confirm the automatic call for trade confirmation and he took the benefit of it and cheated with me.

I also tried to register my grievances to Kaynet Finance Limited helpdesk and still they are not helping me.
As relation ship manager cheated me and made so many transaction without informing me and against my wishes which results loss to me.

You may also review the trail mail to see all my mails to helpdesk of Kaynet and their reply.

Request you to register my grievance and help me in getting my money back as i am very small investor and unable to bear this loss.

Thanks & Regards
Akash Jain