So what was the result, did you get your money back ??
No I did not get the money back. I wonder whether I will ever get.
That is the way it is in our country.
I proved to SEBI that it is a forged POA made to cover up
unauthorised sale. SEBI did not contradict that.
SEBI also knows Brokers are indulging in unauthorised sales. They sent out
a circular recently, taking cognizance of such activities.
SEBI must be knowing the activities of Brokers covering themselves
with forged POAs. Mine is a case brought to their attention with solid proof.
Yet, SEBI is not bothered. They just closed my complaint.
SEBI did not say that the POAs are legally valid.
SEBI should have got outraged at such a forged POA.
Instead SEBI just looked the other way as if to protect
the powerful broker.
Is there anyone one in the Forum who can guide me with the next course
of action.
This can happen to any member of the Forum.
Looks like in our country Broker can get away with any crime.
Investors have no protection. That is what I am trying to bring out.
crmr