My signatures have been forged: Farouk Irani

CHENNAI: The closed-door spat between bellicose partners of beleaguered First Leasing Company of India has surfaced in public with Farouk Irani accusing A C Muthiah and his men of ganging up against him, forging his signatures and victimizing him.

A letter by Irani (a copy of which is with TOI) details the chronology of events which led to the downfall. Muthiah was the chairman and Irani the MD. Both Muthiah and Irani have since resigned from the board. A forensic audit by R K Raghavan, former director of CBI, is now on to unearth the money trail.

First Leasing's board meeting on March 5 had said that it proposes to initiate both criminal and civil action against the persons based on the findings of the forensic audit report.