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UHello Folks,
I have been close to my younger brother. Last year, He asked me about a setup where I lend money to his friend who runs loading business. In return, he will give me interest at 1.5% and also registers one of the land plot on my name. I knew his friend personally since childhood but not close with him. I didn’t think much. But I wanted to be safe. I asked the guy to write agreement on bond paper so that if he tries to screw me up, it will hold up legally. Agreement basically states that interested has to be paid monthly and money should be return upon the notice after one year of the lending. I actually work overseas. I trust my brother very much and asked him to be the power of attorney and get this plot registered on my name. I checked with several people. This is legal and can be done. Now, plot got registered on my name but power of attorney was his friend himself. This I came to know only after I received the registration documents. When I question, my brother shrugged off and said some bullshit reason. Right after this, my brother got married and started a business without even telling me. I called his friend asked him that I need money and he said he will arrange by June this year. Btw, I lent him money May, 2024. He hasn’t paid any interest amount at all. When I asked, he gave all kinds of excuses. I verified the documents in government portal, the plot is on my name. My brother’s friend is into politics and kind of has some influence. My worry is that, he may not return the money and won’t let me sell the land as well to recover money.
Also my brother grew distance with me and started telling lies about most of the things. Things haven’t been well between us. For all these years, I thought he is the only one I thought I could trust. But it’s apparent that I got betrayed by own brother. I once bailed him out of debts of 4 lakhs and took care of him when he got sick and hospitalised. It feels like I got stabbed in the heart.
Now I seek your folk’s advice on how to challenge this legally. Or is there any better approach to resolve this and recover money. Also my brother’s friend being the power of attorney has any implication for my ownership of the plot?
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