Wednesday, July 20, 2011
A has a running business, he appoints his brother B to manage it for him. There is a..?
There is a verbal understanding that the money ( profits ) from the business will be saved over the years in local banks as fixed deposits, under both A & B names.A trusts B. Over the years ( 15 ), a significant amount is saved. Recently B, went ahead and withdrew all the savings without A's consent. Mistake was the fixed deposits were opened with either A or B to withdraw clause. When A asked B for money, B says he has no money. What can A do now? Its a lot of money, and B has betrayed A's Trust..Whats A's remedy?? Can some one please help????
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