Cheating done by business Partner what action can be taken?

I was running the Mobile Showroom business since 2011 as a Proprietor. In year 2016 a partner is entered into my business as i need Funding support to grow my business.But when he came we have taken a CC limit on my business's Financials and by mortgaging his Property in a Bank.But as the Days gone he withdrawls almost entire money either by transferring funds into his personal or his family member's acc or his another firm's account or by Cash/Shop's Stock. Not just that He forced me to take a Loan on my name and promised to pay it's EMI himself.But now he started ignoring my Calls,even my msgs.And the pressure of Bank EMIs is on me. What suitable action should i take as i want to cope up from this situation? Even now the CC limit Bank is also Over used and No interest is serving to Bank Now.