Money India Research
- Money India research stock advisers cheated Open
Shankar N K filed this complaint against Money India Research on Jun 23, 2019
Resolution Demanded:
Refund
Damages
May *st week I got a call from Deepak (+** **********) from Money India Research. He said they provide tips on stocks and options trading. He asked me first to check his work. He provides * tips one each day and suffered **K loss. Post that I got a call Raghav (+** **********), he transferred the call to Ananth Jain and he claims to work with Siddharth Bhattacharya from NSE and explained the details on how they provide tips. Ananth Jain said they buy reports from NSE (**K per report) and ask me to buy * reports initially based on how trading goes we can buy * more. Total package *.* lakhs for ** reports. As soon as I paid **k they started trading and made some losses again. Then they called me again to buy * reports. I could not say no because I had already paid **K and I thought I would lose that money. So I paid *.*L and a day later they asked me to pay another *.* lakhs to buy rest of the * reports. I had to pay again because I was in loss of * lakhs already and hoping they would recover. After this, a guy called Shashank called me and asked me to pay **K towards GST even though every invoice they sent had GST component in it. Now I had to pay this for obvious reasons thinking that I will lose *.* Lakhs. After all these things trading started. I added **k to my wife's demat account, for * weeks the balance on my demat is only *K. They lost **K doing options trading on bank nifty. Saw little profits so did not think much. But they called me again last week saying I need to pay Panel tax and file charges tax (for the reports they bought). They have cheated me big time, now Raghav is asking me to increase the investment so that they can do trading. I said I am not going to pay anymore. I had fights with my wife every day on this, my marriage might end up with divorce. I am not able to buy little thing to kid also as I dont have any move left with me. I am in deep trouble. Can anyone please help on this matter.
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