Investor claims firm officials duped him of Rs 80 lakh in Bengaluru | Bengaluru News – Times of India

BENGALURU: Police summoned four top officials from a stock brokerage firm after a 67-year-old man filed a cheating complaint against them.
K Hemant Kumar of Gokul II Phase near RMV Extension stated he had invested Rs 80.1 lakh with the firm in 2017. But its officials not only misguided him but also forged his signature and carried out the business, causing financial loss to him. He has named three officials of the firm, whose zonal office is in Jayanagar IV Block. Kumar told police he retired in December 2012 after serving as additional director, agriculture department.
“Since my retirement, I would regularly receive calls from the officials. They tried to convince me to invest the sum I got as retirement benefit in their firm. In July 2017, I agreed and a few officials visited my house. Saying a Demat account had to be opened, they took my signatures on different sheets. I deposited Rs 80,15,000. However, I did not sign all the papers as there were some loopholes. Later, I learnt they had forged my signature and illegally invested my deposits in the trading business,” he alleged.
Kumar said he learnt about the cheating when he revisited the documents on August 4. He found he had not been kept in the loop about many transactions carried out from 2017 to August 2020.

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Sagar Biswas

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