Hello Sir / Madam,
I work in a private company and 2 years ago I and 2 other friends had given Surety to my team member who was working with us has obtained Loan from Chit fund company i.e. Margadarsi and he had paid them only 2 months and later has not picked the call and has not made any payment to them. Everyday they call us and threaten us to pay the money else they would file a criminal case against us and they are also saying that they will ensure we wont get our salary and PF amount.
We have given Salary Statement, Voter ID Card as proof. Does Chit Fund company has rights to claim it from our Salary account and PF account ? Please suggest what we need to do to come out of this problem.
We are not able to trace that person and he do not have any property which could be attached. Last 3 months ago someone told us that he has left the job and escaped to some other city :(