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Business partner fled with money as he had bank rights

I have consulted lawyers but I’m in no position to hire one obviously because of lack of funds.

My Indian business partner mostly handled the finances and had authority to deposit/ withdraw & transfer funds from bank. Even when he wasn’t in the country the accountant would fax the transfer docs to the bank with partners scanned signatures for payments to other companies.

But the last transaction was the entire account bank balance (around USD 250k) to his personal account. I asked the bank why they authorized this big complete payment to his personal account, especially when my name was also shown in the business account as a partner. Their only reply was that he had banking rights!

He wasn’t in the country and now in India, enjoying life with the money and new job. I have been distraught and been unable to overcome this loss/ betrayal because he was not just a business partner but also a close friend who wanted to marry me after his divorce.

I feel so gullible when I’m usually a smart person and have started plenty of successful businesses. But now I just cant survive starting from scratch and keep contemplating wrong thoughts about ending life and I’m extremely depressed because I’m literally penniless!

The lawyers want me to get audited reports which will be futile attempt considering the office& relevant files are no more! The company was never shut but the sponsor was in touch with him and didn’t even require my signature to shut the company!

Pls. Advise something or somewhere I can seek justice & closure. Thx Steve. I feel so much better & hope just writing this down.


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This is information that was submitted by a third party and not generated by or Steve Rhode.
  • Starwoman

    If unable to afford the services of a lawyer how about seeking services of legal aid..I’m sure their are some in your area or maybe a law professor that teaches law in a worth a try to get some free legal advice.

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