Dear Friends, this is to inform you all that Emkay Global Financial Services LTD is involved in a scam of system error & unauthorised trades done in connivance with their Authorized person. This happened in Aug-Sep 2019, since then I am fighting for justice.
Amount lost is 65 lakhs rupees, in just 2-3 days & brokerage earned was about 14lakhs due to unauthorised trades.
Their was system error occurred due to which according to Emkay I lost 2, 80, 000/- rupees. However just a day before system error, I lost 40 lakhs rupees & a day after system error I lost 20lakhs rupees, which is very strange & more surprising is that Emkay is saying that they don’t have any call record or order punching records for my account.
Authorized person is blaming Emkay for this huge loss & Emkay is denying all the allegations.
According to SEBI/MCX they don’t call Authorized person for any hearing, neither they send any notices, as per rule only broker is registered with SEBI/MCX so only broker will be served with notice, which saves Authorized person completely.
My WhatsApp chats with Authorized person are not considered as proof by judges of SEBI/MCX.This is why I am calling it a scam, where Authorized person can earn huge brokerage, also is allowed to get licensed/terminal to trade but if there is any dispute then SEBI/MCX will only ask questions to broker & not to their Authorized person, as he remains absent. However SEBI/MCX panel has allowed a partial award of all brokerage earned which is around 14lakhs but they have not considered my evidence against Authorized person neither they gave any judgement on Authorized person. Also, Emkay has not been charged any penalties as well which is more surprising.
FIR is already registered on Emkay & their Authorized person in Nashik & investigation is going on.
Below is the link,
https://maharashtratimes.com/crime-news/nashik-crime-news-man-duped-65-lakh-rupe…⇄
For more details or questions you can email me on jatin.[protected]@gmail.com
Thanks,
Jatin