Ppf of huf
Surrender K Singal
(Querist) 14 July 2012
This query is : Resolved
Entire sum in the PPF account of my late father's HUF has been withdrawn prematurely by the Karta (eldest son)with connivance of the Central Bank of India officials without my knowledge (myself being one of the coparceners). The said PPF account has even been closed at the time of withdrawal. Thereafter, a new SB A/c. in the name of my father's HUF was illegally opened in the Indian Overseas Bank (in connivance with bank officials) without following any of the set guidelines of the bank itself for opening HUF accounts and without any authorisation from other members/coparceners of the HUF. Thereafter, the said PPF proceeds were deposited in this account, then converted into fixed deposits, then loan taken against those FDRs, then all FDRs, were got cancelled at the instance of the Karta and the entire sums embezzled by the Karta. Complaints to Police have not been of any help either for obvious reasons. Please suggest possible course of action
V R SHROFF
(Expert) 14 July 2012
IF U R CHEATED, FILE 156(3) FOR POLICE INVESTIGATION & ACTION IN JMFC/ MM COURT.
