I gave money(10 lakhs) to my cousin, I got loan from private bank and transferred the amount to the cousin account. and 4 lakhs in cash. He promised to pay back the monthly EMI, and foreclosure the loan within 6 months.
He properly payed the 6 months EMI and after that not paying the EMI and now refused to pay the full amount.
The EMI is deducted from my account monthly. Details about my cousin:
He is doing real estate business and having property worth 2 crores.
He is very influenced man in my home town, he is having political and police link.
He is having money and now not willing to pay me.
The proof i am having is account statement for transfer of 10 lakhs.
And one of the common friend of us who witnessed, when my cousin asked for the money and his promise of repayment.
Kindly provide your valuable suggestion to get my money back