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I am a lab technician by profession. I need some advice about business fraud. Two years ago, One of my friends offered me a proposal for hiring franchise of a well-reputed Pathology lab i.e Dr. Lal Path labs ltd. We both invested equal amount and got the franchise. At that time the sales executive of Dr. Lal path labs told me that it is not possible to register the collection center on the name of two persons according to company rules. So, the center got registered on my friend's Name and we made our personal agreement in between us to secure both sides. Now I came to know from another authorized person of the company that it is possible to mention more than one ..even more than two persons in the official agreement. Means the information given by sales executive of our area was totally incorrect or in other words, i can say it was a well-planned fraud with me.

We have answered your query below in the order you have mentioned:

1) If you have any documentary evidence to show that your business partner was involved in the whole scam and he did it with a malafide intention of committing a fraud against you, then you can take legal action against your business partner. Otherwise, your business partner ma...

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