Means I want to ask, this kind of delibrate wrong information details is considered as criminal offence. pls also help me to find a goverment of official website to find official answers in this kind of matters.What is law for giving incorrect information to bank deliberately for approval of business loan?FraudWhat is law for giving incorrect information to bank deliberately for approval of business loan?That would be fraud, which can carry a prison sentence.
If you get caught, you're screwed and your business goes bye-bye forever. If times are tight in the business I would focus on managing costs and not on how to commit fraud without getting caught. In the world right now there are way too many people showing what happens if you defraud the government or other organizations.What is law for giving incorrect information to bank deliberately for approval of business loan?The law says that is fraud. Yes, it is a criminal offense, yes you can go to jail.
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