Reported By: Shankar NK

Contact information:
Money India Research

May 1st week i got a call from Deepak(+91 9179127985) from Money India Research, he said they provide tips on stocks and options trading. He asked me first check his work, he provide 3 tips one each day and suffered 21K loss. Post that I got a call Raghav (+91 7987318706), he trasferred 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 (35K per report) and aske dme to buy 2 reports inittialy and based on how trading goes we can buy 8 more. Total package 3.5 lakhs for 10 reports. As soon as I paid 70K they started trading and made some losses again. Then they called me again to buy 4 reports, i could not say no because i had already paid 70K and i thought i would lose that money. So i paid 1.4L and a day later they asked me to pay another 1.4 lakhs to buy rest of the 4 reports. I had to pay again because i was in loss of 3 lakkhs already and hoping they would recover. After this a guy called Shahank called me and asked me to pay 70K 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 3.5Lakhs. AFter all these things trading started, i added 70K to my wife’s demat account, for 2 weeks the balance on my demat is only 4K. They lost 66K doing options trading on bank niftly.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 am in deep trouble and depressed. Can anyone please help on this matter.