Breaking News
1. Indian-Origin Student Disappears During Vacation In Caribbean Country      2. 10 days before Hampi rape, accused made chain snatching attempt: Police      3. Parliament Budget Session LIVE: Houses to resume today; Waqf bill top priority for govt      4. Clashes erupt in Madhya Pradesh’s Mhow over rally celebrating India’s Champions Trophy      5. Mark Carney wins race to replace Justin Trudeau as Canada PM      6. Vanuatu PM orders cancellation of Lalit Modi’s passport after India’s Interpol alert rejected      7. SC Collegium Proposes Elevation Of Calcutta HC Justice Joymala Bagchi As Supreme Court Judge; In Line To Be CJI In 2031      8. ‘Completely unacceptable’: U.K. strongly condemns security breach during Jaishankar’s event in London      9. Over 30K taxpayers declare Rs 29k cr foreign assets after CBDT nudge      10. India working to protect its exports amid US tariffs threat: Nirmala Sitharaman      11. Donald Trump Delays Canada, Mexico Tariffs After Market Blowback      12. Arrest of Kannada actress Ranya Rao reveals she strapped 14 gold bars to thighs to avoid detection at airport      13. US Supreme Court rejects 26/11 accused Tahawwur Rana's extradition stay request      14. Sachin Tendulkar And Virat Kohli Praise Vantara And Anant Ambani's Wildlife Conservation Efforts      15. Arvind Kejriwal's Punjab visit for vipassana stirs 'luxury' row      16. Woman can't claim rape if she was in long-term live-in: Supreme Court      17. 27-Year-Old Telangana Student Shot Dead In US During Suspected Robbery      18. "If You Hold Hostages, You Are Dead": Trump's "Last Warning" To Hamas      19. Khalistani extremists heckle, attempt to attack EAM Jaishankar in London; man tears Indian flag      20. Actor Ranya Rao earned ₹12 lakh in each Dubai trip by allegedly smuggling gold: Report     
  1. Home
  2. Sports

Hardik Pandya's Step Brother Vaibhav Pandya Arrested: Cheated brother with Rs 4.3 Crore

  • Posted on April 11, 2024
  • Sports
  • By Arijit Dutta
  • 419 Views

The Mumbai police's Economic Offence Wing has detained Vaibhav Pandya, the stepbrother of Mumbai Indians skipper Hardik Pandya, on suspicion of defrauding the Pandya brothers out of around ₹4 crore in business. 

Hardik Pandya's Step Brother Vaibhav Pandya Arrested: Cheated brother with Rs 4.3 Crore Image Source -prabhatkhabar.com

The Mumbai Police claim that Vaibhav took more than ₹4.3 crore from the partnership firm, leaving Hardik Pandya and his brother Krunal Pandya without any money. Officials from the EOW wing told The Times of India that Vaibhav was arrested on April 10 and is accused of forgery and deception.

Also Read:  Deadly Drive: Indian-Origin Teen's Chilling Plot To Assassinate President Biden

The three brothers Vaibhav, Krunal, and Hardik founded a polymer company in 2021. According to the TOI story, the Pandya brothers were each supposed to contribute 40% of the company's capital, with Vaibhav contributing 20%. The agreement also said that the profits would be divided equally. Vaibhav went ahead and broke the agreement by starting a rival company that engaged in the same trade without telling the Pandya brothers. Another source who spoke with TOI said, "Around this time, profits of the original partnership dropped, causing a loss of Rs. 3 crore."

Author
No Image
Author
Arijit Dutta

You May Also Like