Fraude by ludhiyana financer.

Sreenivasa Rao. S. (Querist) 05 January 2014 This query is : Resolved
Dear Sir,

One of my friend has attracted for the financial advertisement in the website.www.Darshan Associates, Zirakpur, Ludhiyana, they advertised for different types of loans at low intrest.My friend approached Darshan Associates to avail loans on his property to a tune of Rs.1.50 Cr.@3% intrest Per annum.They have given sanction letter and to process the same they collected Rs.3.00 Lacks (By way of DD) as a processing fee three months back.When ever he approached for the loan over phone he used to tell that a team of advocates will visit within 3 days and loan amount will be disbursed.Again he demanded Rs.2.00 Lacks as a bribe to advocates, my friend paid Rs.1.00 through RTGS to his account, now they are not responding for calls.My friend understood that he was cheated, two time he visited Zirakpur by spending Rs.1.50 Lacks for flight tickets etc. Now how he can recollect the amount paid and routed through bank by him.Please advice where to lodge complaint, how to recover the amount paid by my friend.

Thanks Experts,

Sreenivas

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Devajyoti Barman (Expert) 05 January 2014
If someone is so naive then only god can help him.
File a case of cheating in the local police station asap. If they are arrested you may get back money.

Guest (Expert) 05 January 2014
For you at least they have said 3% interest to many they would have said even lesser than that.This is going on thro out unless your friend initiates some drastic steps he would loose his money.Consult a criminal lawyer and act fast.

prabhakar singh (Expert) 05 January 2014
Why GOD kept your friend allured to an offer or promise even bankers and institutions do not make?

When rationality is sold for greed it does happen.

Your friend should initiate criminal as well as civil action forthwith.

Let him consult personally a criminal law as well as a civil law practitioner(s).

Rajendra K Goyal (Expert) 05 January 2014
Your friend should lodge FIR against the culprits immediately for cheating and other criminal acts.

ajay sethi (Expert) 05 January 2014
how can you believe that some institution will offer loan at 3%per annum . these days even nationalised banks dont give loan for less than 10% per annum .

anyhow now file case of cheating as you have been duped for over Rs 5 lakhs .

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