Questions & Answers
How can I get money invested in a company after I got cheated by my partner?
Hello.
I invested almost 60,000 dhs in a company to be a business partner in the future and get power of attorney.
But my business partner lied to me, he took all the money and now our business is almost closed.
I asked him to pay me all the money I gave to him (with papers he signed in) and he is not paying me. It has been like this for almost 2 years now!
Do I have any chance of getting my invested money back?
Thanks
Dear questioner
If you have ample evidence including contracts that show you had provided money to your friend or business partner, then we can either file a complaint in court or send a legal notice and initiate legal proceedings against your business partner.
Please share your Whatsapp number if you need our assistance in this matter.
Yes, you have a chance of getting your invested money back in the UAE, but it will likely involve legal action.
You must gather all the evidence, the signed papers you have from your business partner are crucial evidence.
These could be investment agreements, receipts, or any document proving the transaction. After that, we will file a legal suit to recover this amount from him.
Share your WhatsApp number for further discussion.
Dear Questioner,
Thanks for your message.
Regarding your inquiry, and according to UAE law, if you have a written agreement or contract with your business partner stating that he would pay you back the invested money, then you have a strong case to take legal action against him.
You can file a case in court and provide all the necessary evidence, such as the signed papers and any other documents that prove your investment and agreement. The court will then review the case and make a decision based on the evidence provided.
However, if there was no written agreement or contract, it may be difficult to prove your case in court. In this situation, you can try to negotiate with your business partner and reach a settlement outside of court.
If he is not willing to pay you back, you can also file a complaint with the relevant authorities, such as the Department of Economic Development or the police, and they may be able to assist you in recovering your money.
It is important to note that the legal process in the UAE can be lengthy and costly, so it is advisable to seek legal advice from us.
We can guide you through the process and help you determine the best course of action to take in your specific situation.
Kindly feel free to contact us by phone or email.
Greetings,
Yes, you can get it by legal way of court.
We will file a case against him and all his assets will be seized and he will be travel banned. we have to do it immediately.
Please contact our office for further details
