India Infoline Ltd - COMPLAINT AGAINST FRAUD AND CHEATING DONE BY SUVANKAR SUR IIFL BROKER
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Complaint by: DIPANKAR CHAKRABORTY on January 31, 2019, 7:39 pm in Banking and Finance

Hello

I came back from United States to India on December 2018. I was interested to trade on stocks. So I was looking for a responsible stock trader and broking company who would trade in stocks protecting my money. Hence, I contacted one known broker named Mr Suvankar Sur who used to earlier work in Nirmal Bang Share Trading company and have recently opened a franchisee of IIFL at Kolkata in Hazra road, beside Swagath Hotel. He suggested me to open a trading/demat account with IIFL. Upon his advice, I opened the account on January 19th 2019.

I gave Mr. Suvankar a HDFc bank cheque of 1,50,000 INR to open the account and for trading.I asked Mr. Suvankar to invest RS 150000 in stock out of which Rs 130000 is to be invested in EQUITY DELIVERY and 20000 INR in F&O. However Mr. Suvankar fully ignoring my advice, invested the entire money in F&O and started trading with it in OPTIONS.

Seeing this ignorance, I had to fund transfer back Rs 69,000 to my HDFC Account on 30/1/2019. But the rest of the money amounting to 80000 INR was invested by Mr Suvankar Sur in F&O and carried till expiry date. In spite of my requests to him to SQUARE OFF the shares on daily basis, he went on misleading me showing me unnecessary hopes of upward increase of the rates and hold the shares till expiry. As an outcome the market took a downward curve and the value of the shares came as low as 0.05. This resulted me in entire loss of money of 80000 INR approx.

The details to trace of Mr. Suvankar Sur is as follows :-

Branch - FU848AP01
Broker Order Id - 198557388

This person Suvankar is a complete cheat and fraud broker sabotaging other people's money. I would therefore sincerely request you anybody reading this complaint to excercise and initiate his contacts to trace and report against Suvankar to SEBI and IIfl Senior management to cancel his brokership and franchisee.These low profile inexperienced dishonest brokers like Suvankar Sur does not care the least for client opinons and sabotage, destroy client's money thus making the client loose complete trust on the brokers and broking company.

The linked in profile of Mr Suvankar Sur is as follows.

https://www.linkedin.com/in/suvankar-sur-40aa94153/

Request you all to also spread this message as much as possible so Suvankar Sur be deregistered by IIFL as a broker and no new trading or broking companies offer employment to Suvankar Sur .

Thanks and Regards,
Dipankar Chakraborty
cell : 8335038671

Complainant's Goal: SPREADING AWARENESS TO PEOPLE AGAINST FRAUD IIFL BROKER SUVANKAR SUR
Complainant's Target: India Infoline Ltd
Complaint Location: IndiaWest BengalKolkata

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