I invested in a company in India, but the administrator disappeared with my money. Turns out, the company wasn’t real. I also lent some money to one of them, who promised to pay me back with interest by July 2016. What should I do now?

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Apni Law
Law Forum › Category: Criminal › I invested in a company in India, but the administrator disappeared with my money. Turns out, the company wasn’t real. I also lent some money to one of them, who promised to pay me back with interest by July 2016. What should I do now?
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Apni Law Staff asked 2 years ago

I invested in a company in India, but the administrator disappeared with my money. Turns out, the company wasn’t real. I also lent some money to one of them, who promised to pay me back with interest by July 2016. What should I do now?

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Best Answer

Apni Law Staff answered 2 years ago

You should file a complaint with the police, alleging fraud and cheating under the Indian Penal Code. Additionally, you can approach a consumer forum for redressal regarding the money you lent, as the delay in repayment beyond July 2016 constitutes a breach of contract.

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