Questions & Answers
Misusing signatory authority to transfer money to a personal account
My Indian business partner fled after misusing signatory authority in 2009.
Can I sue him for the USD 250K he illegally transferred to his personal account?
Hi,
In the event that a business partner has breached the terms of your mutual agreement, you can notify him of such breaches through a legal notice.
A legal notice will ensure legal standing and layout the remedies available to you as per the UAE law.
Through the legal notice, we will be able to demand a refund of the amounts owed to you.
For further information, please contact us via phone or email.
Dear questioner,
Definitely we can help you to send legal notice to your partner and further recover the money from him.
Kindly contact us via phone for a detailed discussion or write us an email for further assistance.
Dear Sir,
The case above is a breach of trust, which enables you to sue your ex-partner and file two lawsuits against him; the first one is a criminal case.
When the criminal case is finished, you can file a civil case against him to claim the amount of money he transferred to his account and compensation.
Yes, you can file a criminal complaint in the nearest police station and also file a civil claim to recover the amount.
