Respected sir/madam,
Recently one of my friend was trapped and falsely accused of cheating under IPC 420 and under prize chit and money circulation act. He's into a reputed direct selling companies. Its completely legal. Due to some negative competitors or perhaps a anonymous person anonymously alarmed police. So upon enquiry by the police they could not find anything wrong in the system. So they forcibly turned one of the company associate itself as the complainant and filed a FIR under section 420 saying the complainant had not received his deserved cheque duely for selling and that my friend had cheated him in this aspect.
But in line with company policies after a week the complainant received his cheque. Now the situation is that the cheque on which the case stands, the complainant has already received it and hes ready to co-operate with us being on our side. And It would take a month for the charge sheet to be filed. As of now i have heard of options like quashing and compromise/compounding. I dont have much knowledge about these options as well. Please enlighten me with more about these options or any other option pertaining to this case.
I WOULD BE GRATEFUL TO THE PEOPLE HERE WHO WOULD GIVE ME THEIR VALUABLE AND GENUINE ADVICE. THANK YOU.
