Question

family business

Asked 17 February 2011 · needs an answer

The question

good day,

we owned 12 acres of land, we decided to convert it as banana plantation in the help of a banana company we loaned it in the bank for about 8 million. Although that land was divided and we have our own land certificate each of my siblings we give an special power of attorney to our older brother in which the loan was placed under his name. Now the loan was almost paid. We have on idea regarding money matters coz he hides all information from us. He's the one who manage our plant. Is there any way for us to know if he owns a new personal bank account under his name or maybe some other name in which he place some of our income? Coz we suspect there's anomaly was going on. Each of us gets only monthly allowance because were still saying the loan and its interest. Hope you could help me.

From the LawyerCentral forum archive. Originally posted 17 February 2011 on a legal forum that has closed. Names and contact details were removed. See the original (Internet Archive).

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