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MUMBAI: Cricketer Hardik Pandya’s stepbrother was arrested on Wednesday for allegedly cheating the cricketer and his brother in business.
The stepbrother, Vaibhav Pandya (37), allegedly diverted around Rs 4.3 crore from the partnership firm, causing a loss to the cricketer and his brother, Krunal, said officials of Economic Offences Wing of Mumbai police.He has been charged with cheating and forgery.
In 2021, the three jointly set up a polymer business, the terms of which were that the cricketer & his brother infused 40% capital each while Vaibhav chipped in with 20%.Vaibhav set up another firm dealing in same trade, but without informing the cricketer & his brother, in violation of the terms.
The stepbrother, Vaibhav Pandya (37), allegedly diverted around Rs 4.3 crore from the partnership firm, causing a loss to the cricketer and his brother, Krunal, said officials of Economic Offences Wing of Mumbai police.He has been charged with cheating and forgery.
In 2021, the three jointly set up a polymer business, the terms of which were that the cricketer & his brother infused 40% capital each while Vaibhav chipped in with 20%.Vaibhav set up another firm dealing in same trade, but without informing the cricketer & his brother, in violation of the terms.
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