{"id":51955,"date":"2024-04-11T07:42:18","date_gmt":"2024-04-11T07:42:18","guid":{"rendered":"https:\/\/earlypostdaily.com\/?p=51955"},"modified":"2024-04-11T07:42:20","modified_gmt":"2024-04-11T07:42:20","slug":"hardik-pandyas-stepbrother-arrested-for-defrauding-cricketer-of-over-rs-4-crore-in-business-scam","status":"publish","type":"post","link":"https:\/\/earlypostdaily.com\/index.php\/2024\/04\/11\/hardik-pandyas-stepbrother-arrested-for-defrauding-cricketer-of-over-rs-4-crore-in-business-scam\/","title":{"rendered":"Hardik Pandya’s Stepbrother Arrested for Defrauding Cricketer of Over Rs 4 Crore in Business Scam"},"content":{"rendered":"\n

Mumbai, Apr 11 :<\/strong> Mumbai police have detained cricketer Hardik Pandya’s stepbrother for allegedly deceiving him and his brother Krunal in a polymer business scam amounting to over Rs 4 crore, according to an official statement on Thursday.<\/p>\n\n\n\n

The Economic Offences Wing (EOW) of the city police took 37-year-old Vaibhav Pandya into custody on Monday, charging him with criminal breach of trust, criminal intimidation, criminal conspiracy, forgery, and other relevant offenses.<\/p>\n\n\n\n

According to the official, “The cricketer brothers, along with their stepbrother, established a partnership-based firm in Mumbai for polymer business in 2021. Under the partnership terms, the siblings invested 40% each, while Vaibhav contributed 20% of the capital. It was agreed that Vaibhav would manage the daily operations, and profits would be distributed accordingly.”<\/p>\n\n\n\n

However, Vaibhav allegedly initiated another business dealing in the same sector without informing his brothers, violating the partnership agreement and causing a loss of approximately Rs 3 crore to the original firm.<\/p>\n\n\n\n

The official further explained, “During this time, he increased his personal profit margins by 20 to 33%, diverting funds from the partnership account to his own, totaling around Rs 1 crore.”<\/p>\n\n\n\n

Upon being confronted by the cricketers, Vaibhav purportedly resorted to threats to safeguard his actions.<\/p>\n\n\n\n

Subsequently, a complaint was filed by the cricketers’ accountant at the Khar police station, leading to the registration of a case transferred to the EOW. Following investigations revealing Vaibhav Pandya’s involvement, he was promptly arrested by EOW officials on the same day.<\/p>\n\n\n\n

Vaibhav was presented in a local court, which remanded him in police custody until Friday.<\/p>\n","protected":false},"excerpt":{"rendered":"

Mumbai, Apr 11 : Mumbai police have detained cricketer Hardik Pandya’s stepbrother for allegedly deceiving him and his brother Krunal in a polymer business scam amounting to over Rs 4 crore, according to an official statement on Thursday. The Economic Offences Wing (EOW) of the city police took 37-year-old Vaibhav Pandya into custody on Monday, […]<\/p>\n","protected":false},"author":1,"featured_media":51956,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[54,22,24],"tags":[3762,3761,1032,2250,73,1033],"class_list":{"0":"post-51955","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-latest-news","8":"category-national","9":"category-sports","10":"tag-business-scam","11":"tag-cricketer","12":"tag-earlypostdaily","13":"tag-hardik-pandya","14":"tag-india","15":"tag-latestnews"},"_links":{"self":[{"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/posts\/51955","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/comments?post=51955"}],"version-history":[{"count":1,"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/posts\/51955\/revisions"}],"predecessor-version":[{"id":51957,"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/posts\/51955\/revisions\/51957"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/media\/51956"}],"wp:attachment":[{"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/media?parent=51955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/categories?post=51955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/tags?post=51955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}