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Mumbai police arrested Rajendra Lodha and associates over an alleged ₹85 crore fraud involving fund misuse and illegal land sales at Lodha Developers.
Mumbai police arrested Rajendra N. Lodha, a former director of Lodha Developers, and others in connection with an alleged ₹85 crore fraud involving misuse of company funds, unauthorized land sales, and illegal transactions.
The arrest follows a complaint from the company, which accused Lodha and his associates of misappropriating assets and breaching trust.
The investigation is being handled by the Mumbai police crime branch's Property Cell.
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La policía de Mumbai arrestó a Rajendra Lodha y sus asociados por un supuesto fraude de ₹ 85 crores que involucraba el uso indebido de fondos y la venta ilegal de tierras en Lodha Developers.