This is for a family in distress due to fraud committed by staff of BSE & it's custodians BoI.
BSE is decaying due several scams and fraudulent activities affecting investors.
In one such fraud in 2002 corrupt staff of BSE & Custodians BoI gave away 792 shares of Sterlite Industries Ltd (Now Vedanta Ltd) in buyback without informing & seeking consent of the investor.
Investor had lent these 792 shares in 1993 to a member of BSE towards security for share broking business under clg. no 210. The member expired in 1996 intestate.
Due to want of LoA legal heirs couldn't persued the matter with BSE about status of shares lying as security with BSE/Custodians BoI.
Legal heirs got LoA only in January 2023 due to internal obstruction and thereafter asked BSE about the shares given as security and were shocked when told 792 shares are not with BSE as these shares were given out in buy back.
BSE management is tight lipped & SEBI has washed off it's hand saying it's matter between Deceased Membar & BSE.
In this situation how to file FIR for a fraud committed in 2002 as legal heirs got to know about it only in 2023.
Please guide. Thanks for your time in reading this lengthy post. Sidhhi.
Contact, consult and engage a local prudent lawyer to analyse facts /documents professional advise and necessary proceeding.
