Fraud in Nidhi Ltd company
2 months ago
who are actually responsible in taking liability of providing depositor's money when nidhi ltd. company has given 80% gold loan against deposits to the chairman (main director) and later in pressure the chairman ran with gold from locker too.
A.Dear Client,
Depositors in the gold loan scheme of the company should register a First Information Report (FIR) at the local police station against the Chairman of the Company, who absconded with the customers' deposited gold. Additionally, depositors should initiate a criminal suit against the company under relevant sections of the Indian Penal Code (IPC), including Section 420 for cheating, Section 467 for forgery of valuable security, Section 468 for forgery for cheating, and Section 120B for abetment of criminal conspiracy. The IPC outlines penalties for various economic offenses such as criminal misappropriation, breach of trust, dealing in stolen property, creating fraudulent deeds, forgery, and other related offenses.
Depositors in the gold loan scheme of the company should register a First Information Report (FIR) at the local police station against the Chairman of the Company, who absconded with the customers' deposited gold. Additionally, depositors should initiate a criminal suit against the company under relevant sections of the Indian Penal Code (IPC), including Section 420 for cheating, Section 467 for forgery of valuable security, Section 468 for forgery for cheating, and Section 120B for abetment of criminal conspiracy. The IPC outlines penalties for various economic offenses such as criminal misappropriation, breach of trust, dealing in stolen property, creating fraudulent deeds, forgery, and other related offenses.
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A.Dear Client,
In the given scenario, depositors of gold under the gold loan scheme of the company should file an FIR at the local police station against the Chairman of the Company who ran away with the deposited gold of the customers and file a criminal suit against the company under Section 420 (cheating), Section 467 (forgery of valuable security), Section 468 (forgery for cheating) and Section 120B(abetment of criminal conspiracy) of Indian Penal Code(IPC). The IPC provides the punishment for certain economic offenses such as criminal misappropriation, criminal breach of trust, receiving or dealing in stolen property, cheating, creating fraudulent deeds, concealment of property, forgery, falsification of accounts, sale of adulterated drugs etc. Reach out to an Advocate experienced in criminal prosecution for guidance and steps.
In the given scenario, depositors of gold under the gold loan scheme of the company should file an FIR at the local police station against the Chairman of the Company who ran away with the deposited gold of the customers and file a criminal suit against the company under Section 420 (cheating), Section 467 (forgery of valuable security), Section 468 (forgery for cheating) and Section 120B(abetment of criminal conspiracy) of Indian Penal Code(IPC). The IPC provides the punishment for certain economic offenses such as criminal misappropriation, criminal breach of trust, receiving or dealing in stolen property, cheating, creating fraudulent deeds, concealment of property, forgery, falsification of accounts, sale of adulterated drugs etc. Reach out to an Advocate experienced in criminal prosecution for guidance and steps.
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