I bought house in Pakistan by name of my mother. There was one of family acquaintance (he knew our family for 20 years) convinced my mother and father to sell this house and invest in his small auto parts business and he will give him HALAL good fluctuating profit. My parents invested Rs. 6 million (without consulting me as my brother in law advised them also it is good business and after 2 year 2 houses can be made----surely it was greed!!) and this man gave fluctuating profit for 6-7 months to my parents and gave nothing since 2010 and I came to know this in Aug 2010 during my visit to Pakistan and demanded my money back, he started saying I will give back within 6-8 months. After constant delay from his side I involved my father in law and his friend.
Finally I took the matter to one of friend who is a property dealer and “good friend of my father in law”. In Jan 2011 he gave us me two post dated cheaques and also gave his property papers and wrote stamp by my name to sell the property to us but “fard” not yet transferred to his name as it was originally his father property and he got as VIRASAT (his brother and sister already signed in his favor).
To cut short we have stamp paper that he borrowed the money, we have stamp paper that he named his property to us and we have two post dated cheaque PKR 7 million from this man one is stale (6 months old) while other is without date.
Please need some trusted money recoverer party (%age basis) as I have full documnts that can help.
Kindly advise
AG replied on Sunday, August 21, 2011 01:26 AM
@Money Recovery.
Dear Sir.
1. I live in UAE & have not much to say about the situation. However I suggest that you present the second cheque (not yet stale) & get in writing from the bank that the cheque is returned due to non availability of funds in the account.
2. I also lost more than Rs. one million which I gave to my blood relative to buy a 3 ton pick up on his advice.
3. The most important thing is that we all must be very carefull about any proposal from anybody involving money.
4. Expatriates must buy property on their own name. I know the people who bought property on their parents name & their siblings (Brothers & sisters) became partners simply because of inheritance laws. In some cases even the parents did not do the justice.
5. In general expatriates are not trained/equiped to face the real culture of fradulent tactics of people around them back at home & fall prey to their schemes losing their hard earned life savings.
Regards. |
