Legal Question in Banking Law in India

Upon my question" A nationalised bank had paid cash against bearer cheque for Rs. 5,00,000/= issued in favor of pvt. ltd. company .........." , I had received reply from FCA P.Chavan that " The bank has blatantly violated Reserve Bank of India's money laundering guidelines and an inquiry has to be initiated against the concerned branch manager and all the responsible official of the bank whi have wrongly effected the cash payment above Rs. 50,000/= ..."

Please guide me with name and address of the office for filing complaint and initiating inquiry? How should We can get our money which had been paid to someone else (as the signatures of the drawee on back of the bearer cheque are forged)


Asked on 5/07/14, 2:07 am

1 Answer from Attorneys
Fca Prashant Chavan Expert Edge LLP

07.05.2014

Dear Sir / Madam,

I am also forwarding you an interesting link which highlights that the Government too is concerned of the faulty practices of banks ultimately leading to their closure and calls for action :

http://timesofindia.indiatimes.com/business/india-business/Authority-on-anvil-to-fight-bank-failures/articleshow/34558876.cms

Regards,

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Answered on 5/07/14, 4:40 am


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