Explorer

Hardik Pandya's Brother Arrested By Mumbai Police In Alleged Business Scam

Mumbai Police have arrested Hardik Pandya's brother in an alleged business scam case which involved THIS shocking incident. Read below for details.

Mumbai: In the latest turn of events, Mumbai Police's department of Economic Office Wing have arrested Hardik Pandya's brother Vaibhav Pandya, in the case for an alleged business scam worth INR 4 crore. What makes the arrest highly surprising is that as per the latest developments and facts, Vaibhav Pandya scammed his own brother in the Polymer business.

The incident dates back to the calendar year of 2021, where the Pandya brothers came in partnership to start their Polymer business. The shares owned by Hardik Pandya and Krunal Pandya was 40 percent each and the rest of the 20 percent was owned by Vaibhav Pandya. The brothers reportedly agreed to share the profit in the above-mentioned ratio.

However, after the success of their business, it was Vaibhav Pandya, who was majorly looking after the operations of the company and upon receiving the profit, instead of sharing the profit as per the pre-agreement of the ratio, Vaibhav transferred the funds into another company. The company wasn’t a pre-existing one and was a startup, whose foundation was laid up by Vaibhav Pandya. 

The decision reportedly met a huge disagreement and outrage from the two Pandya brothers (Hardik and Krunal) and upon the loss incurred of around INR 4.3 crore, the Mumbai Indians skipper lodged a complaint against his brother, deeming it a business scam. The complaint was made to the Mumbai Indians, who have now arrested Vaibhav Pandya and is under the police remand for at least 5 days.

The Mumbai Indians captain, who is already going through a lot on and off the field, finally found some much needed relief as his side won their first match of IPL 2024 and the skipper had the following to say during the post-match presenation ceremony:

"I would like to have this feeling more often. It was a great hard work. We did well to execute the plans and glad that everything clicked. We will be making some tactical changes. But this will be our 12 and everyone is excited to come in and chip whenever they get an opportunity. There is a lot of love and care going around. We have the belief and everyone is backing everyone. Everyone knew we wanted a win and today is the start. To get 77 or 80 after the first six overs, you don't ask for more. It was great and it was fantastic to see everyone chipping in whenever an opportunity arises," said Hardik Pandya, who gave the interview for the first time as a winning captain in IPL 2024.

View More
Advertisement
Advertisement
25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Advertisement

Top Headlines

'Not In Good Taste', 'No Significance In Maharashtra': NDA Leaders Divided Over 'Batenge To Katenge' Slogan
'Not In Good Taste', 'No Significance In Maharashtra': NDA Leaders Divided Over 'Batenge To Katenge' Slogan
GRAP 3 In Delhi From Tomorrow As AQI Remains In 'Severe' Category. Details Here
GRAP 3 In Delhi From Tomorrow As AQI Remains In 'Severe' Category. Details Here
AAP's Mahesh Kumar Khichi Elected As Delhi's New Mayor Amid Cross-Voting
AAP's Mahesh Kumar Khichi Elected As Delhi's New Mayor Amid Cross-Voting
'Cong Desperate For Power Like Fish Out Of Water': Modi At Mumbai Rally, Takes 'Remote Control' Jibe At Uddhav
'Cong Desperate For Power Like Fish Out Of Water': Modi At Mumbai Rally, Takes 'Remote Control' Jibe At Uddhav
Advertisement
ABP Premium

Videos

Nirmala Sitharaman Announces Game-Changing Collateral-Free Loan Scheme for MSMEsSIP Emerges as a Safe Investment Amidst Market Fluctuations | Paisa LiveTop Banks Offering 8.75% Interest for Senior Citizens: Here’s What You Need to Know!RBI Set to Make a Big Decision on Your EMI: What You Need to Know!

Photo Gallery

Embed widget