hi
my name is udit from ghaziabad, and i also have paid a ammount of rs 4,900.00 to bhagwati enterprise for a loan of 2 lacs,(for 5 years at the rate of 3% pa) as processing fee and agreement fee, in a saving account of sumit arora in ICICI bank at qutub plaza branch gurgaon .like Mr amit kumar, the link to his post is

jai lakshmi enterprises fraud company


the only proof i have is the bank receipt of ammount paid and a sms from sbi that the loan had been approved ,
now the firm is asking a advance payment of 4 months emi which is rs 14,500.00,which will again be in favour of sumit arora in order to get the amount credited to my account .
and is denying to give the customer id, loan account number or any proof so that i can confirm whether its fraud or not ,
all the deals were done over the phone , and know i asked for the address or the registration number of the firm they again denied .

so the only thing i am looking from you is a suggestion that

1 > Whether i should give them the money or not ?
2 > Whats the proof i should ask for ? (as the have already denied for what ever proof i asked for )
3 > How can the consumer court help me in this case and what are the legal action that can be taken in this case OF FRAUD ?

regards
udit mishra
ghaziabad
9990179400

Dear Mr. Mishra,

Before paying your hard earned money, pls. verify the authentication of the Co. Pls. verify their track record from the registrar (with which the Co. is registered). Please note that any fraud in such cases is not covered under the Consumer Protection Act.

i agree , that its my mistake ,but i got the add on the news paper (danik jagran) one of the reputed papers as a registered firm, i have lost my money but is there any way we can stop the fraud, and help other from all these fake ,is there any law that come under section 420

regard
udit