Consequence of fake dds

Querist : Anonymous (Querist) 01 July 2023 This query is : Resolved
We are a training institute and recently we received 74 DDS against the student admissions worth 70 Lakhs through a consultant. However after depositing we came to know that all the DDs were fake. Now bank has seized our account. Although we are making an FIR. We are supposed to be the victim. How can we be affected legally? please guide

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A training institute has fallen victim to fraud, receiving 74 fake DDs worth £70 Lakhs from a consultant for student admissions. Their bank account has been seized following the discovery, and an FIR has been filed. Despite being the victim, they are seeking guidance on potential legal repercussions and how to recover the lost funds.

T. Kalaiselvan, Advocate (Expert) 03 July 2023
If the amount was paid towards the legally liable debt then you can issue a demand notice and file a suit for recovery of money

P. Venu (Expert) 16 July 2023
Yes, you may initiate civil as well criminal action.

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