Branch manager committed fraud and stolen my jewellery

by | Dec 4, 2019

t

Question asked on: 04/12/2019

Branch manager committed fraud by making a false entry in the loan register. He wanted to steal my gold ornaments; therefore, entered only 21 gram of gold in the bank’s record instead of 176 gram. 

I took gold Loan by depositing my gold in the bank because I was in extreme need of money. The branch manager stored my jewellery and sanctioned the loan up to 80% of the market value. The loan sanctioned was 7 lakh rupees, and the total weight of gold was 176 gram. Bank manager made an entry in the register with full particulars of ornaments.

When I cleared the outstanding amount, the bank manager returned only one gold chain-weighted 21 gram. I came to know that he fraudulently made the wrong entry. The branch manager had stolen the rest of the jewellery. I want to take appropriate action against the branch manager.

Advised by: Mr. Shivendra Pratap Singh, Advocate

The amount of loan itself proves that the mortgage gold weight might be 176 gram. You had borrowed 7 lakh rupees, so it is impossible to say that you mortgaged only 21 gram of gold. The loan register was in possession of the branch manager at the time of disbursement of the loan. Therefore, the branch manager made a false entry in the record for taking away your gold jewellery.

Whenever the bank gives a gold loan, it examines the gold jewellery for the valuation of its market value. After receiving the market value, the bank decides how much credit could be granted therefor. So the procedure of sanctioning the gold loan itself proves that weight of gold was much higher than the 21 gram. In the circumstances, you should lodge an FIR for the offence of forgery. You can also file a complaint before the Vigilance department of the bank.

The branch manager committed a cognisable offence punishable under section 420/467/468/471 of the Indian Penal Code. Your case is based upon documentary evidence; therefore, no need to produce any witness. The bank can also set an internal enquiry because the circumstances prove that offence has committed by the bank employee. You should record the FIR as soon as possible and do not cause unnecessary delay.

Ask your question

Shivendra Pratap Singh

Advocate, Lucknow

Advice: 18723

Consultation: 3865

Claim juvenile at any stage

Could a juvenile accused claim his juvenility at any stage of proceeding? A fact that accused was juvenile at the time of commission of offence is most important fact. This fact can be raised at any stage of criminal proceeding. Trial, appeal and revision are the...

Cunning wife demanding money

want to get your kind advise in what to do in a case of my cousin who is facing huge harassment from his wife. He is only 12 pass out , living in Amritsar along with parents and was working in CHINA and married to a girl who is DIPLOMA in nursing and jobless at the...

Land record shows my land as inalienable

The land revenue record shows the land as inalienable when the tenure holder or owner of the land has no right to transfer the land. Generally, government land or patta land is made inalienable because actual right vested in the government. The tenure holder has the right to cultivate the land and enjoy the usufruct.

Branch manager committed fraud and stolen my jewellery

Branch manager committed fraud by making a false entry in the loan register. He wanted to steal my gold ornaments; therefore, entered only 21 gram of gold in the bank's record instead of 176 gram.  I took gold Loan by depositing my gold in the bank because I was in...

Adoption is invalid if child actually not given and taken in adoption

Child given in adoption as per astrological advice so as to save his life. A widow of lower caste community adopted the child for the purpose of superstition that child will live long. Of course the child actually given and taken with ulterior motive. Thereafter the...

quick Advice

Get A Quick Advice

Book an appointment for 15 minutes and consult with an expert over the phone within minutes

Talk to Advocate Shivendra

Book a phone consultation for 30 minutes and get solid advice on the phone

Book it Now