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How to claim back money invested in a business for the fraud of partner?

I opened a cafeteria with my colleague spending AED 120000/- each. I was an investing partner and my colleague was the working partner.

A few weeks after the cafeteria opened, we had a lot of disputes because I noticed fraud in accounts and initial setup expenses from his end.

So I decided to exit the business and I asked for my money back. But he is refusing to pay back anything. The trade license was issued in the sponsor's name and not in any of our names so I could not do anything.

Also, I paid him most of the money in cash as I trusted him then. However, I have a mutually signed agreement with the 120k mentioned as paid to him in that.

How can I get my money back?

متميز
كي إتش إي للاستشارات القانونية
دردشة توظيف
اجتماع
29 Mar 2023, 10:04

By filing a lawsuit to liquidate the company and recover all of your money.

متميز
علوي الجابري للمحاماة والاستشارات القانونية
دردشة توظيف
اجتماع
29 Mar 2023, 10:08

We have to make accounts auditing report from Dubai Courts to clear your rights then we do a breach of trust case against him.

For more information, please call us.

متميز
ميداس للاستشارات القانونية
دردشة توظيف
اجتماع
30 Mar 2023, 06:13

Dear querist,

Thank you for your query.

We can certainly help you with that by sending them a legal notice to start with, and from there onwards we will move to further steps.

Kindly contact me on my phone for further discussion.

Regards

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