Hardik Pandya Step Brother Arrested For Cheating Cricketer Of Rs 4.3 Crore

News shocked the Indian cricket world recently when Vaibhav Pandya, Hardik Pandya Step Brother, was arrested by Mumbai police for alleged fraud. Accordingly, Vaibhav was accused of diverting profits from a polymer company that he co-owned with Hardik and Krunal Pandya, causing a loss of 4.3 crore rupees (about 5.5 million USD) to the two Pandya brothers. The case is being investigated by the Economic Crime Department and is expected to have significant impacts on Hardik Pandya’s reputation and career. Please follow the website dientuthuvi.com for more specific information!

Details case Hardik Pandya Step Brother Arrested For Cheating Cricketer Of Rs 4.3 Crore

Hardik Pandya and his brother Krunal Pandya are two famous Indian cricket players. Hardik, 29, is a talented all-rounder who stands out for his quick scoring ability and leg-ball skills. He has represented the Indian team in all three formats of cricket and played a key role in many victories. Krunal, 32, is also an all-rounder, known for his orthodox left-arm spin and strong batting skills. Both brothers played for Mumbai Indians in the Indian Premier League (IPL).

In 2021, Hardik, Krunal and his half-brother Vaibhav Pandya founded a polymer company. As per the partnership agreement, Hardik and Krunal will each invest 40% of the capital and hold 40% of the shares, while Vaibhav will invest 20% and hold 20% of the shares. Profits are also divided according to the same ratio.

However, Vaibhav violated the terms of partnership by redirecting the company’s profits into a separate account. This action caused a loss of about 4.3 crore rupees (equivalent to 5.5 million USD) to the Pandya brothers. After discovering the incident, Hardik and Krunal filed a complaint with the Mumbai police.

The Economic Offenses Wing (EOW) of Mumbai police conducted an investigation and arrested Vaibhav Pandya on March 10. He was produced before the authorities and remanded for five days to serve the investigation. check.

This incident certainly has a significant impact on the Pandya brothers, who are famous in the cricket world. It shows the importance of having appropriate legal arrangements and oversight, even when doing business with family members. The incident also rang a wake-up call about integrity and trust in business relationships, especially in the sports world, where many large financial transactions take place.

Police will continue to thoroughly investigate the allegations to determine the true extent of the alleged fraud and embezzlement. The outcome of this case will have important implications for the Pandya brothers and could affect their future reputations and careers.