- November 18, 2023
- Posted by: legaleseblogger
- Category: Related News
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Two years have passed since I entrusted a sum of £50,000 to a close friend, under the pretense that it would be invested in a sawmill business owned by an acquaintance of his. Regrettably, I did not formalize this arrangement with a written agreement. My anticipated return on this investment was to be £75,000, with the payment due in August. To my dismay, I have yet to receive any repayment. Despite receiving numerous dubious emails outlining the timing and amount of the repayment, I have been met with a litany of excuses as to why I have not been reimbursed.
Dismayed and uncertain of how to proceed, I am at a loss regarding whether this is a matter that warrants police intervention or if I should pursue legal action in order to recover my funds. Any guidance or advice on this issue would be greatly appreciated. Thank you for your assistance.
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****** just grabbed a
Getting your money back here is a civil matter. Nothing for the police to get involved in.
Get all the evidence that he intended to pay you 75k together, you’ll need it. Send a Letter Before Action to make it clear that if the money owed is not paid, you will take legal action to recover it.
[https://www.gov.uk/make-court-claim-for-money](https://www.gov.uk/make-court-claim-for-money) explains the process. Given the large amount here, I would suggest consulting a solicitor about the process.