Scam TGS service by Motilal Oswal

Name of Complainant Hemanth Indupalli
Date of ComplaintMarch 26, 2024
Name(s) of companies complained against
Category of complaint Investments
Permanent link of complaint Right click to copy link
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Text of Complaint by Hemanth Indupalli:

I received a call from someone named Prashanth at Motilal who introduced me to TGS services, claiming they would trade on my behalf and recover their charges within a month. However, they did not mention that the service was non-cancelable. After 29,900 was debited from my demat account, I contacted Motilal’s team, but they were unresponsive, stating that I had not traded yet and that if the TGS charges were not recovered within a month, they would refund them. Today, I emailed them to cancel TGS, but they replied that it was not cancellable. These seem to be scammers. How can I complain about them?

Image Uploaded by Hemanth Indupalli:

Scam TGS service by Motilal Oswal

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