My mother’s fixed deposit matured in September 2016. I haven’t received the payment yet. The company manager and agent say I need to invest 75% of my money and take the remaining 25%. When I refused, they said I won’t get the full amount as the company is facing financial difficulties. They promise to pay when they can but refuse to give a timeframe.

Apni Law
Apni Law
Law Forum › Category: Consumer Court › My mother’s fixed deposit matured in September 2016. I haven’t received the payment yet. The company manager and agent say I need to invest 75% of my money and take the remaining 25%. When I refused, they said I won’t get the full amount as the company is facing financial difficulties. They promise to pay when they can but refuse to give a timeframe.
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Apni Law Staff asked 1 year ago

My mother’s fixed deposit matured in September 2016. I haven’t received the payment yet. The company manager and agent say I need to invest 75% of my money and take the remaining 25%. When I refused, they said I won’t get the full amount as the company is facing financial difficulties. They promise to pay when they can but refuse to give a timeframe.

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Best Answer

Apni Law Staff answered 1 year ago

This scenario appears to be a potential case of fraud and misappropriation of funds. You have a right to receive the full maturity amount of your mother’s fixed deposit. Consult a lawyer immediately to explore legal options, including filing a complaint with the police and the relevant regulatory authority.

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