ChatterBank2 mins ago
How do i get the money
1 Answers
I run an organisation for people in the community to come together as one. We allocated as we thought, were trust worthy people to handle the money, it turns out that we could'nt of been more wrong.... currently the police are dealing with the case of missing funds within the organisation and are talking to the relevent people who had handle'd the money,we have recently opened a new account and the people who are under investigation are no longer involved with the organisation. The main problem is now the organisations money is frozen in the old account and i need to transfer the money to the new account , I don't know to get the money unfrozen and i don't know how to close the old account as the other members are no longer involved within the organisation,please help ! ! !
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For more on marking an answer as the "Best Answer", please visit our FAQ.Is it set up with a set of Statutes that define who the 'Officers' of the organisation are? There must be something of that nature for the (old) bank to have accepted the setting up of the account, with authorised signatories. Presumably it is the bank that has frozen the account, maybe on advice from the police? You are going to have unpick that and provide the bank appropriate evidence that you now have the authority to deal with the monies.