director loan/investment

[sid20]

Hey Dear

today i had interview in my office of extension application, officer asked me for D/L bank statements, i showed him my business bank statements then he asked me my personnel statement from where the money is transferred. i showed him as well. then he asked me to proove i put money in my personnel statement not somebody else. because personeel statement was showing cash desposits. he gave me 5 days time to send business and personel statement. My question is what law says about money trail. my all transactions are through bank transfer from personnel to business. but he wants to c my personnel statement who put money there. can u please advise what law says. i invested money through D/ l

[marcnath]

Hey Dear

today i had interview in my office of extension application, officer asked me for D/L bank statements, i showed him my business bank statements then he asked me my personnel statement from where the money is transferred. i showed him as well. then he asked me to proove i put money in my personnel statement not somebody else. because personeel statement was showing cash desposits. he gave me 5 days time to send business and personel statement. My question is what law says about money trail. my all transactions are through bank transfer from personnel to business. but he wants to c my personnel statement who put money there. can u please advise what law says. i invested money through D/ l

Clearly you provided evidence of access to funds at the time of application. Did you not transfer those funds to your business ?

There are two relevant points in the immigration rules for this.
1. You need to be able to show evidence of transfer of personal funds in your own name. The personal and business bank statement should satisfy that if they match.
2. You should have maintained access to the funds you showed at the time of application until they have been invested into the business. While you don't have to have used the exact same money, that would have been the easiest. Do you have records to show that the money you showed when applying has been maintained throughout ?

Of course, then there is the whole genuineness clause. Having such large cash deposits (assuming the major part of the funds you invested were deposited in cash) can raise significant concern. Hopefully you have very good explanations for that.

[sid20]

thanx for replying

sry i did not understand properly. i showed him all transfer from personel to business everything matching. but he want to know how i brough funds from back home i said i was bringing cash me and my family members and deposit in personnel account then i transfer from personnel to business accounts. basically he wanst to c all my personnel statments not only d/l transfer statement but also those back dated personnel statements when the money is deposited in personnel statement. he wants to check who deposit money in back dated who transferred in back dated in personnel account etc. i hope now you understand the question and respond well

[marcnath]

thanx for replying

sry i did not understand properly. i showed him all transfer from personel to business everything matching. but he want to know how i brough funds from back home i said i was bringing cash me and my family members and deposit in personnel account then i transfer from personnel to business accounts. basically he wanst to c all my personnel statments not only d/l transfer statement but also those back dated personnel statements when the money is deposited in personnel statement. he wants to check who deposit money in back dated who transferred in back dated in personnel account etc. i hope now you understand the question and respond well

First and foremost, the law gives the right to HO to ask for any related documents. So, if they ask for it, you have to provide it.

Let me try to explain the rest.

Assuming you are on the 50K route, you would have shown 50K in a bank account bank home at the time of application.

Your family members brought the money into the UK as cash and deposited into the money into your account.

Your family members would have been paid the money from the original bank account that you showed the funds either before they brought the funds or immediately after that. So, if you can show the withdrawals from that overseas account around the same time as the cash deposit happened in your personal bank account here, there should be no problems.

If HO has not asked for the statement of your account back home yet, there is a good chance they will ask for it. The 50K should have been maintained in that account until it was deposited in you business account here. If not, you have violated the terms of your grant.

[CR001]

i said i was bringing cash me and my family members

How much was each person (and their age) carrying in cash?? There is a Customs/HMRC requirement to declare cash when entering the UK over a certain amount. Did you do this?? This is all to prevent fraud and money laundering and tax evasion.

Also useful to state if you are on the £50k or £200k route.