Vaibhav Pandya, stepbrother of Indian cricketers Hardik and Krunal Pandya, was arrested for allegedly cheating them of Rs 4 crore in a business venture. However, during his remand hearing, Vaibhav's lawyer claimed it was a family matter and a result of misunderstanding. The court extended his police custody while the Economic Offences Wing sought seven more days for investigation as the accused allegedly violated partnership provisions, causing a total loss of Rs 4 crore to the cricketer siblings.
Hardik and Krunal Pandya's Stepbrother Arrested for Alleged Fraud
Background
Hardik and Krunal Pandya, prominent Indian cricketers, have been embroiled in a legal dispute involving their stepbrother, Vaibhav Pandya. In May 2023, Vaibhav was arrested on charges of cheating and misappropriating funds amounting to Rs 4 crore from the brothers.
Details of the Allegations
According to the Economic Offences Wing (EOW) of the Mumbai Police, Vaibhav allegedly failed to fulfill his financial commitments under a business venture that he had entered into with Hardik and Krunal. The venture reportedly involved the production and distribution of luxury watches. Investigators claim that Vaibhav violated partnership provisions and misappropriated the funds for personal use, causing the brothers a total loss of Rs 4 crore.
Court Proceedings
Following Vaibhav's arrest, his lawyer argued that the dispute was a family matter stemming from a misunderstanding. However, the court extended Vaibhav's police custody while the EOW sought seven more days for further investigation. The court observed that the accused had allegedly violated partnership provisions, leading to the financial loss.
FAQs
1. Who is Vaibhav Pandya? Vaibhav Pandya is the stepbrother of Hardik and Krunal Pandya, who were raised by their father, Himanshu Pandya. Vaibhav is a businessman with involvement in various industries.
2. What are the specific charges against Vaibhav Pandya? Vaibhav Pandya has been charged with cheating, criminal breach of trust, and misappropriation of funds under various sections of the Indian Penal Code (IPC).
3. What was the nature of the business venture? The business venture involved the production and distribution of luxury watches. The details of the specific roles and responsibilities of each partner are still under investigation.
4. What is the current status of the case? Vaibhav Pandya is currently in police custody while the EOW continues its investigation. The court has extended his custody to allow for further inquiry.
5. Is there a connection between this case and past events involving Hardik and Krunal Pandya? There is no known connection between this case and any previous controversies or incidents involving Hardik and Krunal Pandya.
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