Partnership ownership and cheated in registration of firm

Dear Gentlemen I am NRI, Living in gulf country from 6 years. One of my known colleague working with me more than 10 years comes with investment idea of his friend working in telecommunication & IT Sales to setup partnership firm in equal share. As after meeting with him in 2016 we were agree to be partner & investment equally on the business establishment. And agreed on stamp paper written by pen and signed by his wife ( as he informed us that she will be listed from his side) and our side (Both partner) & one witness signed the deed on stamp paper.After reuning to our job we keep sending him the money by my personnel account to his account company account for expense. He did not invest single rupees his side. And he is keeping his salary in the expense but we did not get any profit he promised us that he will registered the partnership firm & manage the business activity including remaining formality , so our business s has been started and financially its was looking smooth but the problem started when we ask him the financial report & our partnership status because we come to know that in actual we have not been registered in director or partner in the firm he listed only himself and his wife , We asked him about this and he replied to us he will do it soon and always he is making some excuses also we force him to make audit of account by our CA but he refused that and minimize the communication even though he keep asking money for business support so until dec 2017 we send him money and after getting doubt on his activity we stopped the support and asked him for complete report by CA and he said he will provide but after the march closing. we once again believe him but until now we have not received any report only he send us an excel sheet claiming company expense is more than profit and we are in 3 lac loss, while the profit was more than 12 lacs. And in office we have only 3 persons. Also expense sheet we can not find any big expense eventhough he is putting all manual entry of snack tea sweeper more than acceptable. Now he is speaking that he will process to close the company after 2-3 month because he can not carry more debt and no benefit to run in loss and he will return our investment in 2 -3 month after recovery from market and settlement of vendor. But whatever he is speaking on we have doubt while we speak him to list our name in director also he is not doing. Also we afraid he will return our money from the profit of company and succeed to keep us away to claim partnership and after 3 4 month he will do business again with same company. We know that we are planned cheated by him as we were not aware of his will as we are only coming once a year so he take the benefit of our unavailability in india. We ask your favour how can I claim to the company ownership as we both are been cheated on trust by him. I am open to take legal action also if someone need more information contact me on [deleted]