Mumbai: Wadala hotel owner alleges brother forged signature to secure Rs 3.45 crore loan

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.

The hotel operated a joint account at a Ghatkopar East, branch, through which customer payments were processed. Trusting his brother, the complainant had handed over all banking documents and credentials.

He claimed that between October 30, 2024, and January 9, 2025, while his wife and he were in Canada, his brother forged his signature to secure the loan without their consent. The fraud surfaced after a credit report reflected the loan. Ghatkopar police are verifying documents and have registered a case of forgery and cheating.