Sir, I paid 7 lalkhs to in stock broker in 2021 in portions 4 lalks first 1 and 2 lakhs in for which he provided cheque and agreement. Tge cheque of 2 lakhs is expired as its with date. 5 lalkhs ceque is without date. He replies on whatsapp asking me to wait. Now i need my money back.along with the profit. What is the action i have to take. Can i visit his home. Can i complain to police station. He is 10 kms away from.my home. I have his whats app.msgs and pictures talen from his office. Please advice what steps to be taken.

Ans: I'm sorry to hear about your experience with the mediator, and it sounds like a frustrating situation. Here are some options you can consider to recover your money:
1. Legal Action: You can consider taking legal action against the mediator to recover your money. This may involve filing a civil lawsuit for breach of contract or fraud. Consult with a lawyer who specializes in property disputes to understand your legal rights and options.
2. Mediation or Arbitration: Before pursuing litigation, you may want to explore options for mediation or arbitration. This involves a neutral third party helping you and the mediator reach a resolution outside of court. It can be a faster and more cost-effective way to resolve disputes.
3. Demand Letter: Sending a formal demand letter to the mediator may prompt them to take action to resolve the issue. The letter should outline the details of the agreement, the amount owed, and a deadline for payment. Keep a copy of the letter for your records.
4. Negotiation: You can try negotiating directly with the mediator to reach a mutually acceptable solution. This could involve agreeing on a repayment plan or other terms to settle the debt.
5. Reporting to Authorities: If you believe the mediator engaged in fraudulent or illegal activities, you may consider reporting them to the appropriate authorities, such as the police or consumer protection agency.
It's important to gather any evidence you have related to the transaction, such as receipts, agreements, and correspondence, to support your case. Consider seeking advice from a legal professional to explore the best course of action based on your specific circumstances.
Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

Ans: Please file a police case for cheating. Also lodge a grievance with sebi online giving detailed account of your complaint, FIR copy, names of brokerage firm officials and estimated loss.