My cousin has taken a loan from DMI Finance this year, and he got scammed in Option trading, losing all his money. He has no funds to repay the loan. Yesterday, he received a legal notice on WhatsApp from a Loan recovery agent or DMI Finance employee. We are not sure if the notice we received is fake or real. I have attached the legal notice to this thread/topic and kindly request you to check and provide some advice.
Additionally, I have a few questions regarding this matter.
Is a legal notice through WhatsApp or email valid in Court?
Is it important or mandatory to respond to this legal notice?
How can we verify if the legal notice is real or fake?
Thank you all for your help and advice.