Hardik Pandya’s step brother Vaibhav Pandya arrested, know what are the charges?

Right in the middle of IPL 2024, cricketer Hardik Pandya’s step brother Vaibhav Pandya has been accused of cheating. He is accused of cheating both brothers Krunal and Hardik. He was arrested on this charge on Wednesday. According to officials of the Economic Offenses Wing of Mumbai Police, 37-year-old Vaibhav Pandya swindled around Rs 4.3 crore from a Mumbai-based partnership firm, causing a loss to Hardik Pandya and his brother Krunal Pandya.

Hardik Pandya’s step brother arrested!

Let us tell you that there is a polymer firm in partnership between Hardik Pandya and his brother Krunal Pandya and step brother Vaibhav Pandya. Hardik and Krunal Pandya hold 40 percent shares. The remaining 20 percent shares are with Vaibhav Pandya. These brothers started polymer business in the year 2021. All three together established this business. At this time, the condition of the partnership was that both Hardik and Krunal would invest 40-40 percent while step brother Vaibh would contribute 20 percent of the capital.

A shocking incident came to light

Vaibhav Pandya is responsible for running the company on a conditional basis. The profits from the polymer business were to be shared in any proportion. Along with this, Vaibhav Pandya violated the terms of partnership and started a polymer firm without the knowledge of Hardik Pandya and Krunal Pandya. He transferred the profits of the partnership company to his brother by forming a separate company. Hardik and Krunal Pandya have suffered a loss of Rs 4.3 crore due to this.

Transfer of one crore rupees to another firm

At present, according to the information coming out in this matter, the profit of the partnership company has come down to Rs 3 crore. The step brother increased his profit from 20 percent to 33.3 percent without giving any information. Due to this, Hardik Pandya and Krunal Pandya have suffered a loss of Rs 4.3 crore. Step brother Vaibhav Pandya transferred Rs 1 crore from the account of his partnership firm to his separate firm. Now on the complaint of Hardik Pandya and Kurnav Pandya, his step brother Vaibhav Pandya has been arrested.