Jewellery shop manager cheated client

Querist : Anonymous (Querist) 12 September 2017 This query is : Resolved
A big Jewellery shop has branch at another city. This branch was fully under the control of a Manager. The owners visits once in a while to check accounts only. The manager received 50 sovereigns of gold coins in April 2016 to be returned it in April 2017 with 12% annul interest for increasing business. Manager gave a white slip mentioning that he received it for his stock, gold coins weight, equivalent rupees, interest and sighed and below that written as 'for and coins are to be returned after a year. The manager has conducted his elder daughter marriage in Feb 2017 only. After asking the manager to return the amount, the manager absconded in may 2017 and new manager was posted. On contacting the new manager and then owner of the Jewelry shop, they told that this item is not in their stock. Meanwhile, the old manager has given IP Notice. Is it possible to demand the gold coins from the Jewellery shop as Owner servant relationship or to cancel the IP and give police complaint. Is it possible to claim that the old manager has used the above gold for his elder daughter marriage and involve them is this case. Is it possible to refer this to Economic offense wing

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Rajendra K Goyal (Expert) 12 September 2017
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