Jammu, Sep 16 (UNI) The Crime Branch registered a case against a share company for cheating a client by transferring her amount of Rs 18.50 lakh in the share market without her consent, sources here today said.
''A complaint was lodged by one Ms Babita, resident of Gandhi Nagar in which she alleged that in the month of May, 2007, the Branch Manager of the share company namely Anandrathi Securities Ltd approached her and asked for opening an account with them,'' sources told UNI.
The Branch Manager, however, assured her that the company is registered with SEBI, on which the complainant agreed and opened an account on August 8, 2007 and transferred Rs 20.09 lakh in the account through various cheques from August 8, to December 24, 2007, they said.
''The complainant alleged that the Branch Manager of Anandrathi, transferred the amount in the stock market without her consent and in the month of March, when she visited the Branch office and asked to invest her amount in the stocks, she was informed that there is a balance of Rs 4.5 lakh in her account as complainant had transferred her account in share market,'' the sources maintained.
Meanwhile, the complainant approached to the Crime Branch and in a complaint, she alleged that Anandrathi Securities Branch Jammu has indulged in unauthorized buying and selling of stocks out of trading accounts of her without her consent and knowledge.
''The Crime Branch initiated preliminary enquiry into the complaint and it has been established that the company through its Regional Head Davinder Singh Jamwal and its General Manager in conspiracy with other officials of the company had transferred an amount of Rs 18.50 lakh of complainant in share market without the consent of the complainant,'' sources maintained.
Meanwhile, a case has been registered and the investigations are in progress.
UNI VBH SR KP1457