Hardik Pandya's stepbrother held for cheating cricketer of over Rs 4 crore in business
Mumbai, Apr 11: The Mumbai police have arrested cricketer Hardik Pandya's stepbrother for allegedly cheating him and his brother Krunal in polymer business to the tune of more than Rs 4 crore, an official said on Thursday.
The Economic Offences Wing (EOW) of the city police arrested 37-year-old Vaibhav Pandya on Monday on the charges of criminal breach of trust, criminal intimidation, criminal conspiracy, forgery and other relevant sections, he said.
"The cricketer brothers along with their stepbrother set up a partnership-based firm in Mumbai and started polymer business in 2021. As per the partnership terms, the siblings invested 40 per cent each, while Vaibhav invested 20 percent capital. It was decided that Vaibhav would handle daily operations of the business and the profits were distributed in the same ratio," the official said.
"Vaibhav then set up another firm dealing in the same business without informing the cricketers and started the business. With this, he violated the partnership agreement," he said.
Due to the new company, the profits of the original partnership firm came down and caused a loss approximate Rs 3 crore, the official said.
During this period, he increased his own profit by 20 to 33 per cent and caused loss to Hardik Pandya and his brother. Vaibhav also diverted funds from the partnership account to his own, which is around Rs 1 crore, he added.
When he was confronted by the cricketer, he allegedly threatened to tarnish the latter's reputation, he said.
A complaint was lodged by the accountant of the cricketer at the Khar police station on Monday, based on which a case was registered and it was transferred to the EOW.
As the involvement of Vaibhav Pandya came to light in the crime, he was placed under arrest by the EOW officials on the same day, he said.
He was produced in a local court, which remanded him in police custody till Friday, he said.
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Bypoll results will decide the future of Congress in Karnataka: BJP leader Ashoka
Bengaluru (PTI): Leader of Opposition BJP in the Karnataka Assembly R Ashoka said the results of the bypolls in Davanagere South and Bagalkote assembly constituencies will decide the future of the ruling Congress in the state.
The bypolls were necessitated following the demise of sitting Congress MLAs Shamanur Shivashankarappa and H Y Meti, who represented Davanagere South and Bagalkote constituencies respectively.
The ruling Congress has fielded Shamanur Shivashankarappa’s grandson and Karnataka Minister S S Mallikarjun’s son Samarth Shamanur in Davanagere South and Umesh Meti in Bagalkote, who are locked in a direct contest with BJP candidates T Dasakariyappa and Veerabhadrayya Charantimath.
According to Ashoka, there is a contest between the poor and the rich in the upcoming bypolls, scheduled on April 9.
"The Congress will lose this election, and the future of the state will be decided. Since Chief Minister Siddaramaiah has said ‘Make the poor win’, the BJP has fielded poor candidates,” the BJP leader said in a press conference.
In Davanagere, the BJP has given a ticket to an ordinary person, whereas Congress has given tickets to powerful and influential people. In Bagalkote, there is a very good opinion about the BJP candidate, he claimed.
According to him, the Congress has given space to dynastic politics in both places. Therefore, the BJP has a strong chance of winning in both constituencies.
The LoP said if the Congress candidate wins in Davanagere, it is understood that Muslims will not get opportunities in the future, and therefore, Muslims are opposing the Congress party.
He also charged that Chief Minister Siddaramaiah, who talks about uniting backward classes, has not given a ticket to backward class candidates.
