A widow had complained an India Infoline employee sold her shares without permission
A widow had complained an India Infoline employee sold her shares without permission
Days after MiD DAY carried a story on how the shares of a widow, Renu Jain, were allegedly sold by an employee of India Infoline without her permission, the company begs to differ on the details. 
According to the company spokesperson, Jain was informed about all the transactions via emails, SMSes, physical contract notes and debit mails. She, however, never complained about any sale. Moreover, Infoline employee Lalit Sharma had serviced Jain in similar capacity at ICICI in 2005 and that is the reason she had chosen him to handle her shares.
Over a mail, the company spokesperson said the allegations levelled by Jain were "simply malicious, absurd, illogical and far from truth".
u00a0"The matter of Jain's complaints with the Investor's Grievances Redressal Cell in the NSE and in BSE was closed as allegations levelled by her were not substantiated. The presiding officer, however, advised her to go in for arbitration proceedings against the Infoline, which is the proper forum," the mail read.
When contacted, Jain stood her ground and said, "I know the company is big enough and can go to any extent to prove their point. But we are firm on whatever we said."
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