I am holding an account with Geojit and I am dealing with Koramangala Branch in Bangalore. I have noticed a back end malpractice in the system. This time I was the target, I have heard this from many clients of Geojit, I am posting this review so that you are not the next. The story goes like this:
I was transecting with an employee by name Jaison in Geojit to buy 400 Satyam shares. I started the discussion when the price was around Rs 17. I was asked to speak to Joseph his manager, who asked me to deposit a cheque for Rupees ten thousand, I religiously rushed to their office to deposit the cheque.
After depositing the cheque Joseph had confirmed that I can buy the require shares. I called Jaison and while I was holding the line, Jaison got this confirmed from his colleagues and as per my request bought 400 shares at Rs 22.
Four days later when I called them to get an update, Jaison tells me that it was not purchased and gives silly reasons, all this when the price touched 36. I very strongly feel that there is Joseph’s hand also in this cheating game. Now all are avoiding my calls specially, Joseph. This is a clear case of cheating and this is unethical. This is spoiling the reputation of the company. If I don’t get justice, and action is not taken against these two guys, I will fight till the end and spread this message every day.