Company cheating

Mrs. Jyothi (Querist) 08 May 2017 This query is : Resolved
Hi Team,

a company is cheating the creditors.
this company is a goods supplier to the government on a contract basis.
the company is taking credits from individuals by showing a fabricated income sources and falsely prepared documents.

so many creditors were in his cheated list.creditors has no any cheque or documents for their loans. they are only the goods suppliers and cash invested persons.

what are the remedies to the people like these?
how can they stop that company not to cheat in further?
can they complaint on that company for its dummy business?
can they complaint to that particular government department about his cheating and fraudulent business?

please clarify me.

Thanks.

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Devajyoti Barman (Expert) 09 May 2017
1.I find the investors to be more guilty as they are acting blind people making investment without any written agreement.
2.Anyway if now they think they are getting cheated then they can lodge complaint with Police and the Police on registration of FIR u/s420 can start recovering their money.
3.The govt department has nothing to do in this.

Guest (Expert) 09 May 2017
Agree with Mr.Devajyoti Barman

Kumar Doab (Expert) 09 May 2017
Agreeing with Mr. Devajyoti Barman.

The persons are handing over cash without any receipt and/or agreement.

They should join hands and lodge police complaint and get their money back.

Dr J C Vashista (Expert) 10 May 2017
You have stated
a) the company is a goods supplier to the government on contract basis,
b) the company is taking credits from individuals by showing fabricated source of income and falsely prepared documents,

makes no sense of your question, i.e., vague information/query.

Rajendra K Goyal (Expert) 15 May 2017
Agree with the expert Devajyoti Barman.

Guest (Expert) 16 May 2017
Agree with Experts

Kumar Doab (Expert) 16 May 2017
Good to see statement of agreement with experts.

Guest (Expert) 17 May 2017
Appreciation always Welcome

Kumar Doab (Expert) 17 May 2017
Good to see the expression of appreciation for experts.

Guest (Expert) 18 May 2017
Appreciation always Welcome

Kumar Doab (Expert) 18 May 2017
Good to see many statements of appreciations for experts..

Guest (Expert) 19 May 2017
Appreciation always Welcome

Kumar Doab (Expert) 19 May 2017
Enthusing to see many expressions of…. appreciations.

Guest (Expert) 19 May 2017
Appreciation always Welcome

Mrs. Jyothi (Querist) 02 July 2017
tqs to all experts for their valuable suggestions to my query.

Kumar Doab (Expert) 02 July 2017
You are welcome......

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