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I borrowed money from a friend, signed a loan contract and stamped my company's official seal. He accused me of fraud. Why?
According to the provisions of China's contract law, in the process of concluding a contract, if one of the following circumstances causes losses to the other party, the parties shall

Be liable for damages:

Conclude a contract under the guise of malicious consultation;

(2) Deliberately concealing important facts related to the conclusion of a contract or providing false information;

(three) there are other acts that violate the principle of good faith.

If there is fraud, both the company and you should be liable for compensation.