Sahilhenzy
TF Legend
@rajneeshray ab takleef nhi ho rahi?
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Fake income proof
- Thread starter Mogul
- Start date
- Replies 37
- Views 6K
Sirji - ab ek kaam kijiye - saare fake wale threads collate kijiye and share it here - pakka takleef wala gyaan dunga.
Sahilhenzy
TF Legend
Mera wala post toh gyaani log ko bohot jaldi dikh gaya ab dusra ka nhi dikha rha joki mujhse bhi phale dale the.😏
I can't add to what everyone has mentioned.
One thing is to tell a ballpark figure of what you earn to the bank reps and another one is creating fake documents that are to be submitted to the bank. The later one is a big no.
I do not know if banks report all cases of attempted fraud to the authorities or even know what facilities are available for that. It is unlikely that they will report everything as it is hard to prove it and it also takes money, effort and resources. I guess it will depend on case by case basis and how they were affected or the risk they were exposed to.
But in case of some government agency like income tax department they are probably bound to do so do and you're more likely to show up in their radar rather than the bank's.
www.lawyersclubindia.com
One thing is to tell a ballpark figure of what you earn to the bank reps and another one is creating fake documents that are to be submitted to the bank. The later one is a big no.
I do not know if banks report all cases of attempted fraud to the authorities or even know what facilities are available for that. It is unlikely that they will report everything as it is hard to prove it and it also takes money, effort and resources. I guess it will depend on case by case basis and how they were affected or the risk they were exposed to.
But in case of some government agency like income tax department they are probably bound to do so do and you're more likely to show up in their radar rather than the bank's.
Criminal Fraud Vs Civil Fraud
KEY TAKEAWAYS Fraud is a purposeful act of deception with the intent of obtaining something by taking unfair advantage of someone else. It's a gain of profit from someone else's loss. Under Section 17 of the Indian Contract Act, 1872, fraud i
www.lawyersclubindia.com
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Sahilhenzy
TF Legend
Pake jaane mein kon konsa IPC lagega jara woh batat do. jaise mere mein bola thaI can't add to what everyone has mentioned.
One thing is to tell a ballpark figure of what you earn to the bank reps and another one is creating fake documents that are to be submitted to the bank. The later one is a big no.
I do not know if banks report all cases of attempted fraud to the authorities or even know what facilities are available for that. It is unlikely that they will report everything as it is hard to prove it and it also takes money, effort and resources. I guess it will depend on case by case basis and how they were affected or the risk they were exposed to.
But in case of some government agency like income tax department they are probably bound to do so do and you're more likely to show up in their radar rather than the bank's.
Criminal Fraud Vs Civil Fraud
KEY TAKEAWAYS Fraud is a purposeful act of deception with the intent of obtaining something by taking unfair advantage of someone else. It's a gain of profit from someone else's loss. Under Section 17 of the Indian Contract Act, 1872, fraud i
Sirji - aap famous ho isilye - sabko aapka post dikhta hai 😛
Ain't worth it..
cardex
TF Premier
Suppose a person declares in their application that they are working for a reputed ABC company and earning XYZ salary.
While in reality they are not employed at all or are working in some obscure company, shops etc. And they are issued a card without income documents, just on basis of declaration which is often verbal to agents.
Are not banks liable to cross check employer details before issuing cards? Like with their HR?
Due diligence not followed in this case.
I believe this often happens in entry level cards.
While in reality they are not employed at all or are working in some obscure company, shops etc. And they are issued a card without income documents, just on basis of declaration which is often verbal to agents.
Are not banks liable to cross check employer details before issuing cards? Like with their HR?
Due diligence not followed in this case.
I believe this often happens in entry level cards.
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Weren't you attempting something similar a few days ago after watching a YouTube video? What happened back then? 🤭
AritraSaha
TF Prestige
cardex
TF Premier
Tell a lie thousands times and it becomes truth...
cardex
TF Premier
Babubhai ne sun liya😜
What kind of logic is this? The applicant is always liable, how would that liability be shifted to the bank?
In the worst case scenario like a case of stolen identity that's about the only way for them to be liable. Other than than that they might get scrutinized for failing to verify applicants or for some other reason but they're not liable for applicants trying to or even defrauding the bank when they were provided forged documents. The applicants are.
This is a criminal offense under IPC possibly under fraud, cheating and/or forgery.
Whether the bank missed it or not, it doesn't make it any less of an offense.
Also banks are required to maintain call recordings related to KYC and credit card applications, for compliance and regulatory purposes. These recordings can bed used in investigations and legal preceedings.
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cardex
TF Premier
what if there are no physical income documents demanded or verified, only income slab and employment details asked verbally?
mrbanker
TF Select
SC checks your TAN details to verify if there are taxes deducted or not to ascertain income levels of the applicant.
JethalalGada
TF Select
So? The bank failing to verify or not asking income information or documents is probably not a legal requirement, at best a guideline from RBI.
They're certainly required to perform KYC, verify your ID and provide your tax number. I don't think you're allowed to have a credit card without a PAN number anymore, I believe is a legal requirement for the bank to collect it and report certain transactions and information to IT.
But you are legally responsible for anything arising from it and it's misuse: money laundering, using it to support terrorism or criminals, illegal purchases, hide income, I any type of fraud, whatever else you can think of...
The banks risk is just not getting their money back, but you're the one facing criminal charges for it's misuse.
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