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About bank fraud happned in credit society by manger of society
01-Oct-2023 (In Bankruptcy / Insolvency Law)
My parent is secretary in co operative credit society. Manager at society who was also politician , made huge fraud in socii.ow society have almost nil accounts.
People may file case against board within 5-6 days. As money to distribute is not avst. What should be our step? We haven't have any connections about fraud. What should we do? What will be next accurate prevention step?
first and foremost do not worry. the first step you should take is appoint a legal counsel. the bank customers may initiate recovery proceedings. after which a liquidator or receiver will be appointment to manage the affairs of the bank. previous management will be required to provide answers after initiation of inquery
Helpful?
Adv. Akshay Shinde
Pune | 25+ Answers
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