INSUBCONTINENT EXCLUSIVE:
Hyderabad: With the second week of February drawing to a close, Karvy Stock Broking has missed yet another self-declared deadline for
clearing its client payouts, leaving many of its investors in the lurch.
The beleaguered broking firm has written to investors seeking time
till February-end to clear dues
But most of them are not hopeful of seeing their money
group spokesperson confirmed that the company has sought time till the end of February to settle its payments to clients.
What is even more
frustrating for investors from smaller towns is that they have been abandoned by local Karvy agents, many of whom have quit because of
We are worried about our money as their local staff too has quit the company
surprised about Karvy breaching its promise of clearing dues for the fourth time
This sends out a wrong signal as it will embolden other corrupt brokerages