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Author Topic: Money fraud by Sister's husband  (Read 876 times)

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Offline Nitin

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Money fraud by Sister's husband
« on: June 30, 2014, 01:56:31 PM »
My sister had a love marriage, her husband was/is a gambling addict. Due to his bad money practices he  has lost all his ancestral money and property which was not known to us at the time of marriage.

Post the marriage, he took up a job with an insurance company as an agent.  At his job he filed various fake policies under his own name and my sisterís name by selling off my sisterís gold and taking loans from private money lenders at huge rate of interest to get promoted.

He used some of my sisterís money, money from colleagues and collected premiums from his companyís clients and gambled it away. He was thrown out of the job and had a huge debt to take care of. During that time my sister was pregnant. My sister has been completely under his control all this while; and has been a part of the money mis-management. Since the clients and money lenders started pressuring him, he confessed to all his wrong-doings. My father had to come forward to help him with money to clear off his debt. My father paid off those people by cheques and demand drafts and has all copies of cheques that were issued by my sisterís husband to them.

Once all this was closed (approx 6-8 months back), he started a silver jewellery trading business.  He tied up with local artisans and started selling these items. He started cheating his clients again by selling items at rates lower than the market by showing them sample pictures and collected money from clients which ultimately never reached them. 8 Ė 10 clients paid advance but never got any items from him. At the same time, he did not even pay the artisans from whom he had bought samples so the money kept piling up. Now, they are neck deep in debt, they owe money to the artisans, clients and also loans from banks, money lenders etc. All transactions have been done from my sisters bank accounts, she has been signing papers and also issued cheques to artisans and money lenders which have bounced. They have been hiding since 10 days.

On enquiry, we figured out that her husband has not done any transaction from his own account. 

The affected parties have now approached police. They might have or are in the process of filing an FIR against them.  We got a call from the local police station to help them locate my sister and her husband.

Everything my sister owned is now sold or loaned. He has sold off all her gold worth lacs and even mortgaged her car. We want to help her save her from a criminal case; she is caught up with a cheat who is exploiting her.
Despite our councelling she is unwilling to leave that man. What can we do to protect her and her baby in this situation? How do we protect her from a criminal case?

Offline advlaxmanadvani

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Re: Money fraud by Sister's husband
« Reply #1 on: June 30, 2014, 07:47:03 PM »
if she is not willing to leave her husband clearly shows that she is party to the whole affair.

now regarding helping her get out of this would be to return the money of those people they owe?

are u willing to do that, if yes you will only encourage your sister and her husband, thereby inviting trouble for your self.

now what is the best solution in this case would be, that bring your sister and her husband and the other aggrieved party together for a meeting and buy some time in between find a way out for refund.

running away from the aggrieved party will only make things worse
Advocate laxman Advani
 Ahmedabad legal Practitioner


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