look news india
Step brother cheated Hardik Pandya of Rs 4.3 crore: Cricketer Hardik Pandya's step brother was arrested on fraud charges on Wednesday. According to a statement by officials of the Economic Offenses Wing of Mumbai Police, stepbrother Vaibhav Pandya allegedly received around Rs. Hardik and his brother Krunal suffered a loss of Rs 4.3 crore.
The polymer business was a partnership of three
Vaibhav is accused of fraud. Actually, in 2021, all three started polymer business in partnership. The terms of the partnership were that Hardik and Krunal would contribute 40 percent of the capital. Whereas his step brother will take full responsibility of running the firm by bringing 20 percent capital. Besides, the profit from business will also be divided in the same proportion.
Pandya brothers were cheated
However, these conditions were violated by Vaibhav Pandya. Vaibhav opened the second generation of this business without informing both the partners. Due to which this firm got Rs. A compensation of Rs 3 crore will have to be paid. Furthermore, Vaibhav secretly increased his profit from 20 percent to 33.3 percent, causing losses to the other two partners. Apart from this, Vaibhav had transferred lakhs of rupees from the account of the partnership firm to himself. One crore rupees were withdrawn.
action taken on threat
When the Pandya brothers tried to talk to Vaibhav about this, he threatened them. Then Krunal Pandya and Hardik Pandya decided to take action against Vaibhav. Hardik Pandya is the captain of Mumbai Indians in IPL 2024, while Krunal Pandya is in the Lucknow Super Giants team under the captaincy of KL Rahul. Before this, both had played together for a long time in the Ambani family franchise Mumbai Indians.