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UThis was our experience as a common man.
You can recover some part of the money if you know any police or politician personally.
URecently one my friend cheated around 1c in my friends circle, different friend tried different approaches.1) Police Complaint – Police simple get written statement that he will pay in 6 months, but every 6 months they will renew the agreement but police will not force him to pay.
2) Filling a case – he have all the setup to file personal bankruptcy, case will be dismissed saying he is bankrupt, but still few lawyer willing to file case to make some quick cash though case cannot be won.
3) Bringing goon or politician – they charge 15k per visit whether they are able or not able to recover.
4) Tried visiting his house in early morning – he and his family is not ashamed after few visits, even by 6am there will be a huge queue in front of his house(Credit cards, personal loan, nbfc loan, local lenders etc)
I am sure he will never flee the scene because then you can file fraud case, also you cannot harsh him then he can file a case against you.
UIf your colleague doesn’t have any assets then you have no option than writing off the money, Nothing can be recovered, recently happened between my friends.Involving police, politicians, goons or lawyer will result in loosing more money.
