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Hotel owner claims Rs 3.45 crore loan fraud by brother while he was abroad

Wadala man claims accused forged signatures to secure massive loan while he was abroad; police verify records

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The fraud surfaced after a credit report reflected the loan. Representation pic/istock

The fraud surfaced after a credit report reflected the loan. Representation pic/istock

A 59-year-old hotel businessman from Wadala has alleged that his brother and business partner forged his signature to secure a Rs 3.45 crore loan from a private finance company while he was abroad.

The dispute involves a family-run hotel in Ghatkopar West, established by the complainant’s father and transferred to him in 2012. In 2017, he and his brother entered a 50:50 partnership.

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