I think I have a weak case but still I just wish to know if I have any options in principle. A person who is a share broker informed me that they have some investment schemes. I need to invest say 3 Lakhs and I will get some returns after 5 months. Since the person is a share broker and associated with a share trading firm I invested. However, this investment is on mutual basis and outside of that share trading firm.
There’s no documented evidence except records of bank NEFT transfer. It’s mutual. That person will utilize those funds to reinvest in various markets and fetch returns.
Now there are changes in certain margins offered for trading by regulatory bodies and as a result his work is affected. He is not able to make those profits. The issue is he is neither returning profits nor the capital. As of now he is reachable, he is not absconding.
This raises a few doubts in my mind. Can I file a complaint in police?
Can I send a letter demanding return of capital still with him?
Appreciate your inputs. Thanks a lot.