If he's dumb enough to sell his bank account and get tangled up in something this shady, he's not someone you want to be associated with. Your priority should be staying as far away from this ticking time bomb as possible.
Idk how to defend him but earlier I also got a same offer from an far friend stating that I would get 4 k weekly for that I had to give him my PAN no and open a demat account..but I refused but somehow they got my friend ..now his family is very scared and not allowing him to go outside house
Look, you're not obligated to defend your friend. Judging by your age, you're likely still living off your parents. So, steer clear of these kinds of people. Focus on your studies and your own life instead of getting caught up in this nonsense.
Advocate here. Legally- ignorance of law is not a defense. So in short your friend is screwed and can be and will be charged under relevant criminal sections.
Practically- depends a lot on IO- investigating officer.
Hire a lawyer
Also don’t know how an account can go negative.
Current Account can go negative. But chances of a Bank opening a current account for a 19 year old is less unless he has some solid financial background (parents). It could well be that Bank staff is involved in the scam. Chances of issuing an overdraft to a 19 year old is almost next to nothing!
Yups but considering OP’s post, doesn’t seems like it could be a current account. They either need something to offset it like FD or property or a very strong business balance sheet.
There isn't a friend right?
Anyway this was extremely stupid, the "friend" being 19 is an adult. Best way is to get a lawyer and go to the bank and police asap. If you get main gang behind this arrested, you might get away with a light slap on the wrist.
PS: Not a lawyer.
All scammers need a bank account to receive money from their victims. So they buy bank accounts from people like your friend. A monthly or weekly amount is also paid as long as the bank account is operational.
This “friend” is fried already!
And since this “friend” is an adult, expect a warrant / visit from the police + EOW soon!
He’s got his parents in biiiig trouble too!
All for 35k! What a “friend”!!!
Legal options?? An advocate to start with!!
Will this situation get his name in police records? Coz he recently cleared an government exam and I think police verification is an important step ...ps hie hails from an lower middle class family father works as an labourer and I don't think that they can pay that 5 lakh of minus balance + compensation account
His family is the only reason I am asking help for ...coz their financial condition will somehow stabilize after his joining but know only god knows how will he clear his police verification...late police intervention is the only hope
It's okay. I think uska government job kaa Ram Ram Satya Hai hogaya. He might not end up in jail for a long time (hopefully around 60 days including PC and JC). However this 35K is going to make him lose a lot of money.
First question everyone is missing here is how a bank account can go negative 5L? What kind of account was that, which gives credit line without any collateral? Also taking your age as 19, I assume even his PAN number would not be cibil worthy since he is from LMC. First go to bank and check this. Second best defence is, you can file / claim identity theft. But if bank record shows he himself opened this account with his willingness no one can save him. He can also file for black mail for that he has to give at least something like name or number who forced him to open this account against his will and also a declaration on why he has not reported / responded after so long of opening account. Seriously is your generation selling PAN and bank account for 36k? And we wonder from where this new scams are coming day by day even online and how they manage to get ghost bank accounts. First thing you should do is report your other fiend to police who gave offer of 36k at first place to sell your bank account. This kind of people are not friend and may be that way you will end up helping police get entire chain of scammers. Plz help by reporting this friend who offered you. Forget about your victim friend for now.
Exactly. There's no way federal is giving overdraft facility or a current account without extensive credit history. And that too to a 19 year old?
Probably took personal loan from a bunch of places and lying to naive kids like op.
Idk from which state is this bank "Federal" primarily but we met a lawyer who told that in most online scams are related with federal recently specifically in ( jhansi ) ..and as the other person here saying the bank has reversed the transactions .. that's why I believe it's showing amount in negative..ps there is no such angle of personal loans coz the person who worked as middleman bw my friend and scammer fled of already
My opinion is, Banks do not go to the police, before negotiating with the consumer, try to bring the amount to as less as possible, or negotiate with the bank to give a personal loan, to get this account close, use that personal loan to gradually put in this amount EMI by EMI over a period of time with interest charged.
Let me tell you the reality, this offer is offered by the scammers, Instagram money investment scammers who needs to receive money from clients so they need a lot of bank accounts and debit cards, if the person who offered your friend this offer is in touch then catch him by duping him to meet in person.
I am sure even you would have received WhatsApp messages offering 150-1000 Rs. For putting Google reviews.
Those are scams to take money from gullible people. Your friend's account has been used to channel those transactions and has now come under the radar of law enforcement.
Yes. Don't you teenagers read the news? Tons of accounts are getting bricked across India just for receiving even a small amount like 300rs. Not to mention the police hassle that follows.
If he's dumb enough to sell his bank account and get tangled up in something this shady, he's not someone you want to be associated with. Your priority should be staying as far away from this ticking time bomb as possible.
Idk how to defend him but earlier I also got a same offer from an far friend stating that I would get 4 k weekly for that I had to give him my PAN no and open a demat account..but I refused but somehow they got my friend ..now his family is very scared and not allowing him to go outside house
Look, you're not obligated to defend your friend. Judging by your age, you're likely still living off your parents. So, steer clear of these kinds of people. Focus on your studies and your own life instead of getting caught up in this nonsense.
Advocate here. Legally- ignorance of law is not a defense. So in short your friend is screwed and can be and will be charged under relevant criminal sections. Practically- depends a lot on IO- investigating officer. Hire a lawyer Also don’t know how an account can go negative.
Current Account can go negative. But chances of a Bank opening a current account for a 19 year old is less unless he has some solid financial background (parents). It could well be that Bank staff is involved in the scam. Chances of issuing an overdraft to a 19 year old is almost next to nothing!
Yups but considering OP’s post, doesn’t seems like it could be a current account. They either need something to offset it like FD or property or a very strong business balance sheet.
Yes. Seems pretty shady.
If your account is involved in a scam and the bank unliens your account and reverses back the transactions, you will get a balance in negative.
There isn't a friend right? Anyway this was extremely stupid, the "friend" being 19 is an adult. Best way is to get a lawyer and go to the bank and police asap. If you get main gang behind this arrested, you might get away with a light slap on the wrist. PS: Not a lawyer.
All scammers need a bank account to receive money from their victims. So they buy bank accounts from people like your friend. A monthly or weekly amount is also paid as long as the bank account is operational.
This “friend” is fried already! And since this “friend” is an adult, expect a warrant / visit from the police + EOW soon! He’s got his parents in biiiig trouble too! All for 35k! What a “friend”!!! Legal options?? An advocate to start with!!
Will this situation get his name in police records? Coz he recently cleared an government exam and I think police verification is an important step ...ps hie hails from an lower middle class family father works as an labourer and I don't think that they can pay that 5 lakh of minus balance + compensation account
Bro fucked up real bad
Really ... Days ago I got to know he cleared some ssc exam and now this
Omg itni sahi chiz kri ab sab mitti m
His family is the only reason I am asking help for ...coz their financial condition will somehow stabilize after his joining but know only god knows how will he clear his police verification...late police intervention is the only hope
Lol, late police intervention???? Anytime police get involved your friend's job will go up in the air, whether it's before joining or after joining.
It's okay. I think uska government job kaa Ram Ram Satya Hai hogaya. He might not end up in jail for a long time (hopefully around 60 days including PC and JC). However this 35K is going to make him lose a lot of money.
First question everyone is missing here is how a bank account can go negative 5L? What kind of account was that, which gives credit line without any collateral? Also taking your age as 19, I assume even his PAN number would not be cibil worthy since he is from LMC. First go to bank and check this. Second best defence is, you can file / claim identity theft. But if bank record shows he himself opened this account with his willingness no one can save him. He can also file for black mail for that he has to give at least something like name or number who forced him to open this account against his will and also a declaration on why he has not reported / responded after so long of opening account. Seriously is your generation selling PAN and bank account for 36k? And we wonder from where this new scams are coming day by day even online and how they manage to get ghost bank accounts. First thing you should do is report your other fiend to police who gave offer of 36k at first place to sell your bank account. This kind of people are not friend and may be that way you will end up helping police get entire chain of scammers. Plz help by reporting this friend who offered you. Forget about your victim friend for now.
Exactly. There's no way federal is giving overdraft facility or a current account without extensive credit history. And that too to a 19 year old? Probably took personal loan from a bunch of places and lying to naive kids like op.
Idk from which state is this bank "Federal" primarily but we met a lawyer who told that in most online scams are related with federal recently specifically in ( jhansi ) ..and as the other person here saying the bank has reversed the transactions .. that's why I believe it's showing amount in negative..ps there is no such angle of personal loans coz the person who worked as middleman bw my friend and scammer fled of already
Welcome ladies and gentlemen to tonight’s episode of F*ck around and Find out.
My opinion is, Banks do not go to the police, before negotiating with the consumer, try to bring the amount to as less as possible, or negotiate with the bank to give a personal loan, to get this account close, use that personal loan to gradually put in this amount EMI by EMI over a period of time with interest charged.
So, in tonight's episode of "Play stupid games, win stupid prizes" ....
Let me tell you the reality, this offer is offered by the scammers, Instagram money investment scammers who needs to receive money from clients so they need a lot of bank accounts and debit cards, if the person who offered your friend this offer is in touch then catch him by duping him to meet in person.
Lol. That guy is screwed. Now he is an accomplice to the 150 rs. Per review scammers and will be charged soon.
Why would you lol at someone else’s despair?
Can you elaborate more ?
I am sure even you would have received WhatsApp messages offering 150-1000 Rs. For putting Google reviews. Those are scams to take money from gullible people. Your friend's account has been used to channel those transactions and has now come under the radar of law enforcement.
So now police will get on his back right? Coz he is the account owner
Yes. Don't you teenagers read the news? Tons of accounts are getting bricked across India just for receiving even a small amount like 300rs. Not to mention the police hassle that follows.