Hi All,
I have been an investor with SREI since 2012 having invested substantial amount in couple of folios(folio# SIG0200026). As an investor, I have been facing bunch of unusual problems mostly created by their registrar partner Karvy Financial services operating from Hyderabad and SREI team also not pay attention to the concerns. As a review on mouthshut, I am listing out few transactions as my intolerant dealings with both of them and how the neglecting kind of service they provided. Surprisingly there is no accountability from either of them for their own repeated mistakes and fraudulent activities. In short, BEWARE OF FRAUDS - SREI & KARVY
They were supposed to send the original bond certificate in 2012 which they claimed as it was sent. Having lost it, I asked them to give the tracking number. They provided an invalid tracking and when asked about losing the original certificate and invalid tracking, they didnt respond. They seemed to have planned this like frauds do.
Bank details were given to them along with the investment application form for future electronic transfer. Knowing their fraudness, I asked them to give a confirm on registration of bank details. They also confirmed in the mail but recently they claimed there is no bank detail so they sent the interest cheque by post. They were supposed to send interest amount in April which I was not aware till I came to know about it in July. When the address was clearly present in my profile on their system, they said the courier got returned. When asked about the reason for return and the tracking number, till now there is no response. They didnt inform me either by calling or mailing for 3 months and they have simply held my interest amount for 3 months. I escalated this to Karvy and SREI senior management. And the way they are dragging the complaint, it is clearly seen they are among the frauds. Again they intend to do this like frauds do. Their negligence is intolerable and it deserves to drag them into court.
There is much more to mention here and you can contact me for any clarification. Please dont have any investment plan with SREI & KARVY as they have the intention to hold your money and be irresponsible until we find out.
Thanks
Muthu