My friend was a sub-broker of well known share broking house of India. He was sole owner of his firm. He opened a DEMAT a/c of his wife at his firm. Few Years later, he had huge loss of some Lacs which he was unable to repay. He left the town and absconded by leaving his wife alone. It happened 3 years back. Now, his wife wants to re-marry with one of our friend and both families are supporting. She is having around 70000/- at that Demat A/c. She called to the HO of broking house, the officials told her that her husband is absconded hence her a/c seized and they can not give the money back.
My query is - if my friend is sole owner of his firm, how main broker seize his spouse a/c? PLEASE TELL THE WAY TO GET MONEY BACK
Please help.........
