In a well-known case, Mumbai Police have taken into custody cricket player Hardik Pandya and the stepbrother of Krunal Pandya, Vaibhav Pandya. Vaibhav is accused of defrauding Pandya Brothers in a business venture for around Rs 4.3 crore.
Vaibhav, 37, is allegedly suspected of stealing almost Rs 4.3 crore from a partnership firm, forcing Hardik and Krunal Pandya to suffer significant losses, according to a Times of India article. Vaibhav Pandya has been taken into custody by the Mumbai Police's Economic Offenses Branch on allegations of cheating and forgery.
Vaibhav, who founded the polymer company three years ago, is accused of financial mismanagement and breaching the rules of the partnership. The three brothers founded the polymer company three years prior, according to the story. The cricketer brothers, Krunal and Hardik, were required to put in 40–40% of this, while Vaibhav was responsible for the remaining 20% and for overseeing the activities. In the same manner, the allocation of profit shares was determined.
formed a new company covertly and made threats to disparage
Vaibhav is accused of breaking the partnership agreement by starting a second company in the same industry without telling his stepbrothers. Vaibhav raised his own profit margin to 33.3% from 20%. As a result, Pandya Brothers suffered a loss of Rs 3 crore and the profit share decreased.
Without telling anyone, Vaibhav Pandya moved more than Rs 1 crore from the partnership firm's account to his personal account. This was known to Hardik and Krunal Pandya. He then threatened to discredit them when they questioned him for clarification. Following this, Pandya Brothers called the police right away to report Vaibhav Pandya for fraud of Rs 4.3 crore.
Currently, Hardik and Krunal are playing in the IPL.
The cricketer brothers are presently playing in the Indian Premier League (IPL), with Krunal playing for the Lucknow Super Giants and Hardik Pandya leading the Mumbai Indians.
Hardik has had a difficult few months as he heals from the ankle injury he suffered during the 2023 World Cup. Furthermore, as MI captain, the team has seen resistance from its supporters about Hardik. The all-rounder had a difficult start to his captaincy as MI lost three straight games before winning their first game last week at the Mumbai stadium, defeating Delhi Capitals by 29 runs.
Vaibhav Pandya, a stepbrother who deceived Hardik-Krunal, stole Rs 4.3 crore from a business, and the police arrested him
