Respected lawyer friends, I had a joint account with my grandad on 'either or survivor' basis.My granddad expired few years ago. I was operating the account even after his death as it is 'either or survivor' account.Of late , my uncles and aunts came to know the account's existance.Now my family members are threatning me that i have committed fraud and have asked me to pay the money i used . I am ready to pay them the entire amount utilised by me after granddad's death. however, they are demanding 4 times the amount as penalty now, failing which they will register a case of fraud against me and have me thrown in jail.naturally I am not willing to pay them the "penalty' amount. However, I have no issues with paying them the entire principle amount with reasonable interest the amount might have accrued since my grand dad's death.Please tell me-
1- have i committed any fraud?i feel i havent as i have rightfully opertaed the account as per the instructions given by my granddad to the bank at the time of account opening.
2- can they really have me arrested and jailed for this "offence"?
3- I am constantly insulted within my family and refered to as a criminal openly.
4- I dont have parents.Hence, no support and no guidance.
5-what should be my recourse in this matter ?please help as i am going through hell right now.
