Is it permissible for a shareholder to take profits resulting from his partner's utilization of the shareholders' funds in private deals of his own?

It is not permissible to exploit another's money without their permission, such as through a loan or a legitimate mudarabah (profit-sharing partnership). Doing so without permission is considered consuming people's wealth unjustly. If this occurs, does the owner have a right to the profits? Scholars have differed on this, whether profit is tied to effort or to capital.