Banks/Financial Companies
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Complaint #8495 — JAGANATHAN YUVARAJ
Filed: 17 Nov 2014 ·
Address: Peelamedu, Coimbatore
I was new to commodity trading market . Way2wealth broker mr.Manikandan got 2lakhs from me and promised me that he will get good returns by doing trading in his Way2wealth. Then He opened my demat account and he told me he will do tradings on my behalf as i was new to share trading. But he didn tell me about Intraday trading and the risk involved. He did hundreds of intraday trading daily for his broker commission and lost my 2lakhs in just 2weeks. After that I fought with him , and way2wealth manager Mr. Balaji promised me that he will get back my 2lakhs if I invest another 3lakhs. I trusted his words, and I gave him my money , but they both together cheated me and lost my 5lakhs for their commission . I told to them to do payout when when i had 2.8 lakhs in my account. but without doing payout, they did intraday trading in my account and lost my remaining money in just 3days. when i asked them about my money, they said only Rs.8000 is available. Kindly help me sir.
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