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Brokerage for Financing Deals - Euroclear


21-Mar-2023 (In Criminal Law)
I am a Sub-broker (deal basis) with a Brokerage firm in London, UK. I source business from eligible borrowers and refer to UK office. UK reviews documents and refer borrower to Lender. I only update/convey or co-ordinate between the Borrower and my UK office. The Brokerage office in London deals with Lender, Euroclear while I deal with Client. I have not dealt with the Lender or Euroclear at all. The UK office sends Euroclear Invoice to Borrower to Lease a Bond from Euroclear. Email is sent by UK office to Client directly with cc to me. My role is mainly co-ordinate between Borrower and UK office. Now the UK office has not been responding for the last few days after Borrower has made payments to Euroclear. UK office also never shared Lender or Euroclear Contacts with me. Can Borrower make a criminal case against me to recover money paid to Euroclear? I am based in Dubai. Can case happen in India/UK/Dubai against me?
Answers (2)

Answer #1
706 votes
Absolutely, they can file case against you, if aggrieved party is a resident or NRI in India and suffered a loss from here, police can issue notice to you registering the FIR for the statement or can secure the bank details of credited account from the bank.
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Answer #2
712 votes
Dear Sir, No case can be registered against you since your role in the above financial dealing is very limited. If any criminal case is registered by any Country then immediately approach High Court of that State and get stay on such proceedings.
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