|Mumbai 32°C
Sprouts News

India's most discussed newspaper

Sprouts News — Latest Headlines from India and the World


Ex-Lodha Director Rajendra Lodha Booked in South Mumbai Property Fraud Case
BusinessBreaking

Ex-Lodha Director Rajendra Lodha Booked in South Mumbai Property Fraud Case

Rajendra Lodha booked for yet another fraud, this time for defrauding of Rs 6.5 crore SoBo flat Over a year after the arrest of Rajendra Lodha, former director of Lodha Developers Ltd, skeletons are still tumbling out of his closet. Accused of duping Lodha Developers of several crores while occupying a prominent position in the company, the former director has been booked in yet another case recently by NM Joshi Marg police station. Already behind bars for previous case, this time he has been accused of duping the company of Rs 6.67 crores back in 2019. According to the FIR filed by Lodha Developers on October 22, back in 2019, Rajendra Lodha facilitated a land development agreement with the owners of a plot in Bhiwandi. He even paid brokerage of Rs 8.5 lakh for the same. Days later, he allegedly brought Sacvir Builders and Developers LLP into the picture. Sacvir’s directors had shown interest in buying a flat in Lodha’s South Mumbai project worth Rs 6.86 crores. Rajendra on his author