I have paid an employee an amount of six lakhs of a real estate firm by cheque on the employees name rather than firms name to purchase open plots belonging to the firm. The employee has used the money for his own purpose without depositing the money to the firm. when i asked he said that he will give return the money in two months and has given a cheque and also gave in writing on a ten rupees bond paper that he has used the money for personal use without depositing in the firm. Now it is almost nine months he has not returned the money. Please suggest legal remedy. Also let me know what is the limitation to file criminal complaint and under what sections.Replies are highly appreciated.
