Cheque Bounce..

Querist : Anonymous (Querist) 14 May 2010 This query is : Resolved
I am Holding Dmat Account with BMA Securiteis in Surat Branch.. The Broker of Surat Branch Approch me and I opened the account and gave the chq of 108000/- and 137000 worth share Transfer from my S/Khan account.. Hetold me Sir, Share marketwill give u panic, So, I am going to handle the account and he gave me in writting (Not on s/paper) that if I loose any thing He will be responsible for that. After 1 month I was away from India, after returning he was not coming to me or he was availabe in hius office ever. After trying hard he gave me the chqs but all chqs are return... Now he does not pick the phone and now he is not working with BMA. Now what to do? Some advice are very scary that u cant do anything, If u make the case, u will have to pay more money than what u have lost... plz advice plz....

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R.R. KRISHNAA (Expert) 14 May 2010
File a police complaint against the agent for cheating you.

If the cheques given by him are dishonoured by the bank, then issue a legal notice under the provisions of negotiable instruments act.

You can contact a lawyer of your locality for further advice on the recovery of the amount due to you.

best of luck...

Raj Kumar Makkad (Expert) 14 May 2010
I agree with krishana

Sachin Bhatia (Expert) 15 May 2010
I also agree with R.R. KRISHNAA

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