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How to recover back my investment when broker invested in wrong place
15-Jun-2023 (In Recovery Law)
I did an agreement to invest me money to a broker. The broker invested the money and more than 70% of the investment was lost. The main point which makes my case strong is that he carried out the investment through some other person who was not at all mentioned in the agreement. What can be done from my side? Please advice soon.
You can file case of civil recovery for money but it is advisable to file criminal case under section 406 & 420 of indian penal code at metropolitan magistrate court at place of incident. the magistrate may issue direction to register case u/s 156 of criminal procedure code or he may issue process against the accused
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Adv. Santosh Yadav
Mumbai | 25+ Answers
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