PMLA CASES CHIT FUND PONZI SCHEME

3 years ago

I had invested 5 lac in ponzi scheme but i did not return money back accused issued cheque now m fighting 138 cases but i m thinking can i file also recovery case in my jurisdiction or according to accused jurisdiction other thing can i file also pmla case against the accused now where is jurisdiction if i want to file also pmla case. Other thing i made a agreement with ponzi scheme company without arbitration clause can i go arbitration case. Apart from i want get my money back so i want to file case in high court so in which act n section i should be file my case against the accused for my money get back.

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Shreesh Chadha

Responded 3 years ago

A.1) Recovery Case would entail heavy court fees and would take up a long time till you get to the stage of decree and attachment.
2) You cannot go for arbitration, since the prerequisite for arbitration is an arbitration agreement/clause.
3) You must complaint to Economic Offence Wing (EOW) Police- financial crimes are taken up by them especially ponzi schemes. Seperate Complaint needs to be prepared- it is possible that EOW is already investigating into this company.
4) It is advisable to register FIR first (possibly under S. 420, 406, etc. ), and thereafter lodge an ECIR under Prevention of Money Laundering Act with the Enforcement Directorate.
5) Since Cheque Bounce cases are already lodged, get them resolved at the earliest along with fresh police complaint.

Regards
Adv. Shreesh Chadha

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Adv. Sarika Khude

Responded 3 years ago

A.You can file civil and cheque bounce cases.

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Kishan Dutt Kalaskar

Responded 3 years ago

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A.Several victims filing sumilar cases. You can file civil and cheque bounce cases. Get attachment of his property on the day of filing cuvil case.

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Ayantika Mondal @ Prime Legal

Responded 3 years ago

A.where are you from ? and which company have you invested?

Follow up NI 138 case strongly, ensure regular process.

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Rameshwar Dadhe

Responded 3 years ago

A.Please send me some information about the company

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