Your story is like déjà vu to me. This is exactly what happened to me as well. I was ensnared by HSBC in the UK to invest in India. The story of India Shining was sold to me and my family and I over 7 years transfered all funds. We trusted the HSBC brand name which is “the worlds local bank”.
I was welcomed to a lovely plush office with piped music and well dressed execs (some times we NRIs are a sucker for that . Yesterday when I visited their office they were busy conning other NRIs as well. I have discovered that this is a systematic business plan.
Their modus operendi is exactly the same. In my case they systematically took money from me every month. The first relationship manager provided me with accounts. Then RMs changed every 6 months and did whatever they pleased. They took blank signed LOI which they used for churning my portfolio. Even when I had over 78 Lakhs in the bank account they thrust their home loan products on me.
They sold me shock and awe stories about how I could die young and leave behind wife and children and sold me TATA AIG policy. They have deducted RS 2 Lakhs every year for 5 years and there was no Insurence cover over this period. Every year they would make me come down to India to conduct medical tests as they had bungled up and could not put in place the policy.
For the last 3 years I have not been provided any bank statements. this was in a period when I was busy with my little baby’s open heart surgery. They made the most of it and churned the portfolio and took out money from my account.
They have without telling me or without my authorisation moved RS 23 Lakhs from my account. They deduct charges from the bank account without any intimation (nor will they provide bank accounts).
They send Gundda’s to scare my old and inform parents in Kolkata.
Rather than grow my money HSBC is pushing me and my family to bankruptcy.
Somebody please help !!!