Scripted cheating by Business Partner

1 year ago

My Business partner along with staff cheated the business such way that, rigged the accounts, not showing the real accounts, records, showing the unwanted expenses, transferred the money from business accounts to personal accounts using the staff though both the partners is to sign the cheques, whereas when we keep some signed cheques and RTGS forms for payments use those forms and cheques to transfer the money to his personal accounts. Showing that there investors are invested money, but the investor money never comes into business accounts, but he has used that money for his personal purpose, made us to pay the interest and showing loss in the business. Its all most become a 'zero' business and 'zero' in the accounts. Now he has started his own business and without informing us he has shifted the furniture's, stocks and other items. As it was a partnership business, we have signed a partnership agreement, but it was not registered, in that we have mentioned a clause of any disputes are to be resolve through Arbitration. How to recover our invested money and how to proceed on this.