Vaibhav Pandya, stepbrother of cricketers Hardik and Krunal Pandya, has been detained by Mumbai Police for allegedly deceiving them of roughly Rs 4 crore in business dealings.
Vaibhav Pandya, aged 37, purportedly redirected about Rs 4.3 crore from their joint venture, leading to financial loss for Hardik Pandya and his brother Krunal.
Charges of cheating and forgery have been levied against Vaibhav, as per officials from the Economic Offences Wing of Mumbai Police, as cited in the TOI report.
The trio established a polymer business in 2021, where Hardik and Krunal contributed 40% of the capital each, while Vaibhav provided 20%. However, Vaibhav later initiated another venture in the same sector without informing his brothers, breaching the agreement terms.
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