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chander prakash (personal)     08 January 2013

Cheating3

In June, 2011, I gave two cheques of Rs.1 lakh each to one person known to my relative who claimed to give me 8% interest per month for these Rs.2 lakhs.  He took cheques in the name of his WIFE.  There is no written agreement. 

First month, he gave me 8% and next month 4%, and from third month he did not give me more than 1% per month that is also not regular (he deposit cash in my bank a/c).  For the last three months he stopped giving any payment showing his inability to give RIGHT NOW.  He promised to give money back in 3-4 months after selling his ancestral property.

What is the remedy.  How can I get my money back.  Is there any provision in law.



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