Updated On: 22 December, 2025 09:02 AM IST | Mumbai | Aishwarya Iyer
Wadala man claims accused forged signatures to secure massive loan while he was abroad; police verify records

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.