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Investment scam or fraud from a consultation entity
30-Jun-2025 (In Corporate Law)
I live overseas and engaged an investment consultant in India who offered to help raise equity funding for my startup. I paid an upfront fee for business valuation and planning services. Later, I was asked to pay a large amount for due diligence, which I did, based on promises given
Eventually, the investor declined after the due diligence report. The consultant tried to convince me to accept the failure and take responsibility, refusing a refund. My bank flagged the transaction as scam.
Sir, please explain the issue in detail to understand along with the relief you are expecting.
I will be needing the copy of any agreement or MOU you signed to prove their fraud.
It's highly advisable to contact me and provide more information about the scam to help you better.
Helpful?
Adv. Ishan Parashar
Delhi | 200+ Answers
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yes there is possibility of a scam with you, if they are not picking call or not responding it indicates that there is fraud committed against you, it is necessary to confirm from bank & report scam
the process is very simple.
Helpful?
Adv. Mukesh Kumar Sah
Delhi | 200+ Answers
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we got a summary of your query, are you looking forward to claim the refund of planning to take legal actions against the consultant. Whatever the scenario is kindly connect with us for detailed conversation in regards to the same.
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Adv. Shaun Jomon
Delhi | 25+ Answers
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You may seek a detailed legal Consultation for your issue. After going through the contents of all the requisite documents and communication exchanged we Will be able to tender our considered opinion as to whether recovery proceedings can be initiated or not
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Adv. Anubhav Kathuria
Delhi | 1000+ Answers
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Based on your query, this appears to be a classic case of misrepresentation and possible fraud under Indian law. Since you paid based on promises that weren’t fulfilled and no refund was given despite the failed outcome, you can explore filing a criminal complaint under sections like 417/420 IPC for cheating and breach of trust. Additionally, you may pursue a civil recovery suit for the fees paid. Your bank’s flagging the transaction as a scam can strengthen your case. Preserve all communications, payment proofs, and agreements—these will be crucial in taking the matter forward.
You can reach out to me via app
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Adv. Adarsh Kumar
Delhi | 400+ Answers
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