Tag: rajendra lodha

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ED probes 14 sites linked to ex-Lodha Developers director

MUMBAI: The Enforcement Directorate (ED) has conducted searches at 14 locations in Mumbai and nearby areas associated with Rajendra Lodha, the former director of Lodha Developers (now Macrotech Developers), and his associates as part of a money laundering investigation. Rajendra is accused of defrauding the Lodha Group, established by minister and BJP leader Mangal Prabhat Lodha, by illegally selling apartments in a New Cuffe Parade project. The city crime branch had previously arrested him, leading to the ED’s case based on that FIR. One of the locations searched belonged to Vinod Patil, the brother of a former MNS MLA. Neighbors,…

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Ex-Lodha Developers Director in 14-Day Fraud Custody

MUMBAI: On Monday, a court here placed former Lodha Developers director, Rajendra Lodha, under 14-day judicial custody following his arrest in an alleged fraud case, denying the police requests for additional remand. Lodha appeared before Additional Chief Metropolitan Magistrate V R Patil at the conclusion of his previous remand period. The police sought an extension of his custody, citing ongoing verification of documents related to Lodha’s financial sources gathered during their investigation. The law enforcement agency highlighted that a forensic audit is being conducted, necessitating further interrogation of the accused based on findings from this audit. The crime branch apprehended…

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Lodha Developers’ Ex-Director Sold Land to Son’s Firm Illegally: Police

MUMBAI: Rajendra Lodha, former director of Lodha Developers, was arrested for alleged fraud. Authorities claim he received large sums of cash from land transactions and sold a plot to his son’s company without proper authorization. During a court hearing on Tuesday, police requested his further remand as they seek to delve deeper into the complexities of the financial transactions involved. The Additional Chief Metropolitan Magistrate V R Patil extended Lodha’s custody until September 29. The 59-year-old suspect was taken into custody on September 17 by the Mumbai police’s crime branch. He has been accused of colluding with others to sell…

Latest StoriesRegulatory

Ex-Lodha Developers Director Arrested in Fraud Case

Here’s a rewritten version of the content: MUMBAI: Mumbai Police announced the arrest of a former director from a leading real estate firm on Wednesday for allegedly abusing his official role to defraud the company of ₹85 crore. The accused, Rajendra Lodha, served as a director at Lodha Developers Ltd from September 2013 until his resignation on August 18, 2025, which followed an ethics committee review of his conduct. The complaint alleges that Lodha exploited his position to deceive the company. The fraud allegations emerged during the investigation of a case reported at the NM Joshi Marg police station, according…