Cheating pawn broker?

Question

Hello,

I had pledged 2 gold jewels with one of a pawn broker in KK nagar for a total of Rs. 62,500. The details are:

Chain - 24.900 Gms - pledged for Rs. 42000
Chain - 11.200 Gms - pledged for Rs. 20500

I had paid a total of Rs. 36,500 interest in order to get it back during the month of July, 2014. He received only the interest from me saying that he will get the principal once delivering the jewels.

After that I'm following-up with him regarding this for the last 4 months and now he is saying that, He re-pledged many of his customers' jewels with Sriram Finance and they are not allowing him to release my jewel alone.

Now he is asking me for an additional Rs. 8,000 (+ principal) in order to get me a new jewel from whole sale market or he will repay Rs. 20,000 alone to me (whereas I have paid one lump some of Rs. 36,500 interest itself.)

How do I proceed with this legally. I have the proofs for all the payments I have made so far.

Thanks in advance for your advice.

Answer

it sounds like your being over charged and someone is getting the money and it isn't you keep track of reciepts that you have and don't feel comfortable doing it don't do it it looks like he is benefiting and your not its hard to say what to do legally cause you have to know why he is doing what he is doing sounds like he is after certain gems and he doesn't have the cash to go after it solely so he is asking you to go into it with him and thats what stopping him i would ask for more information on the gem and see if it is a high profile gem and see what the retail is on the gem and how it affects you

Cheating pawn broker?

Answers (1)