Hardik Pandya’s stepbrother dupes cricketer of Rs 4.25 crore, arrested
According to police, cricketer brothers Hardik Pandya and Krunal Pandya along with stepbrother Vaibhav had set up a polymer business firm in 2021 and Vaibhav was to look after the daily operations.
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Vaibhav Pandya, stepbrother of Indian cricketers Hardik and Krunal Pandya, being taken to be produced at the Esplanade court in Mumbai. (Express photo by Ganesh Shirsekar)The Mumbai police have arrested Vaibhav Pandya, the step brother of Indian cricketer brothers Hardik Pandya and Krunal Pandya who were duped of nearly Rs 4.25 crore.
According to the Economic Offences Wing (EOW) of the police department, Pandya brothers along with Vaibhav had set up a polymer business firm in 2021 and Vaibhav was to look after the daily operations.
Vaibhav breached the terms of the agreement and set up his own proprietorship firm in the same business (in some other person’s name) keeping the two brothers in the dark, the officials said.
“Later, Vaibhav allegedly diverted money from the LLP (limited liability partnership) firm to his own firm. Gradually the profit in the partnership firm dropped. Besides, in excess to his due share Vaibhav also allegedly fraudulently increased his profit percentage in the LLP firm without letting the two brothers know. For this, he allegedly forged signatures of the Pandya brothers on an LLP agreement,” said an EOW officer.
When the Mumbai Indians captain and Krunal Pandya discovered this, one of them confronted Vaibhav, who then threatened him with dire consequences, the officer added.
The EOW of Mumbai police arrested Vaibhav on April 8 and produced him before a court that sent him to police custody till April 12.
The investigators suspect the involvement of more people in assisting Vaibhav in the crime and are likely to make more arrests once their role in the case is ascertained, said an officer.
Vaibhav has been charged with cheating, criminal breach of trust, forgery, criminal conspiracy and criminal intimidation, apart from other sections of the Indian Penal Code (IPC).
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