Personal loan
akash jain
(Querist) 02 April 2014
This query is : Resolved
Hi, This is with reference to a intentional error committed by my friend. He is in dire need of money to get rid of some old bad financial obligations. In order to get that he got a 2nd PAN card done ... and edited his pay slips and applied to a bank for a PL. The PL got rejected because of -ve verifications. Now the Bank has asked him to come and meet them as they doubt the validity of his Pan card. I have made him aware of his fallacies and asked him to surrender his 2nd Pan card which he has already done ... however at the same time he has also come to know that if he goes to bank they are going to harass him, pressurise him to sign a confession statement ... I completely understand that he has done a wrong ... however as of now he has realised his mistake and taken steps not to repeat it ... plus as of now he has not taken any financial obligations based on the wrong info ... what should be his next step ?
V R SHROFF
(Expert) 02 April 2014
Punishable act cannot be ignored. Knowingly tried to cheat financial institution and Income Tax Dept, must be seriously dealt with. cannot help criminals. to encourage crimes.Bank money is ur & my money/ it is public money, and those who tried to rob it, must be punished.. HE IS CAUGHT RED HANDED!!!
Guest
(Expert) 02 April 2014
From the description of your query, it seems, your friend has done a very good job to land himself in jail.
Anyway, his past mistakes cannot he reversed or rectified. Any escape rout can only be possible to be suggested only after going through the case related documents and other information on personal discussions with any expert. However, in view of your description, at present the only remedy seems to lie in clearance of his loan dues without any delay to get some relief from the likely serious problem. But still, escape from the rigors of outcome of the offence would depend upon the mercy of the bank officials.
Rajendra K Goyal
(Expert) 02 April 2014
agree with the experts, he has committed intentionally the mistake, totally on the mercy of bankers.
Sudhir Kumar, Advocate
(Expert) 02 April 2014
it clearly indicates that your friend applied for loan only with intention of not paying the same but could not fool the bank.
Not understood what do you mean by
"if he goes to bank they are going to harass him,"
Kumar Doab
(Expert) 02 April 2014
You have posted that:
"The PL got rejected because of -ve verifications."
He must have received the rejection in writing.
He may close the matter without writing any confession.
HE MUST LEARN HIS LESSON AND STAY AWAY FROM SUCH PRACTICES.
AS ADVISED BY EXPERTS HE MUST MEET A LAWYER IN PERSON AND COME OUT OF THIS MESS.
akash jain
(Querist) 04 April 2014
Thanks for your comment sir .. i agreed with you and infact he also realises it ... he has surrendered the wrong card .. and as on date has no liabilities across any banks/fin inst ... nor is he looking at applying to anybody now ...
Guest
(Expert) 04 April 2014
If you say, "as on date has no liabilities across any banks/fin inst..." then what is the cause of worry and why the bank has asked him to come and meet them?
akash jain
(Querist) 05 April 2014
Hi sir ... no more facts to hide ... the loan application has been rejected but it seems that the bank has detected and figured about his mistake ... nothing to hide sir
Sudhir Kumar, Advocate
(Expert) 10 April 2014
even if loan application is rejected the bank can still (may not do so) right in making criminal complaint to the police for attempted fraud.
