I became victims of Fraud

I would like to share my experience regarding a business transaction with Mr. Dhaval Narendra Panchal of Ahmedabad. I transferred ₹10,00,000 to Mr. Panchal for a business deal based on a notarized agreement. As per the agreement, he was required to supply the agreed material within 10 days. In the event of non-supply, he provided a written commitment to refund the full amount within 12 days. After receiving the payment, Mr. Panchal informed me that the funds had been forwarded to the supplier. However, when the material was not delivered within the agreed timeline, I directly contacted the supplier and was informed that no payment had been received from him. Subsequently, I learned that the funds were allegedly used for share market trading instead of the agreed business purpose. Despite repeated follow-ups and the commitments made under the agreement, I have not received either the material or the refund of my ₹10,00,000. I am currently pursuing appropriate legal remedies based on the available documentary evidence, including the notarized agreement and transaction records. I urge all individuals and businesses to exercise due diligence, verify credentials, and ensure proper safeguards before entering into financial transactions with any party. This statement is based on my personal experience and supporting documentation available with me.