Legal Question in Banking Law in India

Online Bank Transfer
I received an online transfer of Rs. 50,800/= to my bank account on 22-10-2007. I withdrew this money on 24-10-2007 after 2 days. Next day, the bank lodged a complaint with the police station stating that it was an illegal transfer made
from any other account holder to my account. And therefore, it is a fraud on net banking.

On the basis of this complaint, the police caught hold of me and kept me in their custody for 2 days & 1 night by putting hathkari on me. And also forced me to give them a 3 post-dated cheques to the value of Rs. 50,000/=, the amount I withdrew from bank on 24-10-2007. I seek your expert advice on the 3 points.

1. Can police do like that till the guilt is proved against me?
2. Am I to refund this money?
3. Can Bank block my account since the bank has bloced my account and are not permitting to withdraw even my initial deposit of Rs. 5200 with them?

Asked on 11/11/07, 5:44 am

G. M. Gupta gmguptaandassociates

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0 attorneys agreed

Re: Online Bank Transfer

if you have not done any net fraud then u can sue not only the bank but also the union of india for things happened to you.

one thing is sure that u can get a lot of money from the bank if you have not commited any fruad.

bank is at fault

contact me for further clarifications.

Answered on 11/12/07, 12:53 pm

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