Wrong bank statement

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This query is : Resolved

Nitish Joshi (Querist)

14 June 2013 Dear Sir / Mam,
One of our client insisted to transfer his CC account from State Bank of India to Bank of Baroda as interest rates are low in BOB. But the transaction are very less in that account. So they are insisting to modify the Bank statement with larger transactions.

I want to know is there any system by which any of the bank can come to know about this. If yes, then what are the consequences of this.

Also for transfer BOB will ask for credit report from SBI. So what does that report reflects. If any one know its format then please let me know.

CC is around 2.6 Crore.

Thanks

CA Ayush Agarwal

CA Ayush Agarwal (Expert)

14 June 2013 No...Not Advisable.

Nitish Joshi

Nitish Joshi (Querist)

14 June 2013 Thank you very much sir for your reply.

But can you please let me know the consequences of this. Is there ant legal provision in an Act restraining it.

Also is there any chance if the bank came to know about it.

We need to tell this to our client.
Thanks

Nitish Joshi

Nitish Joshi (Querist)

14 June 2013 Kindly throw some light on the matter.

CA Ayush Agarwal

CA Ayush Agarwal (Expert)

14 June 2013 forge and fraud ..
bank can file fraud petition against you.

Anil Sankar V

Anil Sankar V (Expert)

14 June 2013 applicablity of funds...is the 1st ques will be raised, which has been raised through CC?any transcation should have clear explanation which would otherwise keep ur client in problem.

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