The Mumbai police have arrested cricketer Hardik Pandya stepbrother for allegedly dishonest him and his brother Krunal in polymer enterprise to the tune of greater than ₹4 crore, an official stated on Thursday.
The Financial Offences Wing (EOW) of town police arrested 37-year-old Vaibhav Pandya on Monday on the fees of prison breach of belief, prison intimidation, prison conspiracy, forgery and different related sections, he stated.
“The cricketer brothers together with their stepbrother arrange a partnership-based agency in Mumbai and began polymer enterprise in 2021. As per the partnership phrases, the siblings invested 40% every, whereas Vaibhav invested 20% capital.
“Vaibhav then arrange one other agency dealing in the identical enterprise with out informing the cricketers and began the enterprise. With this, he violated the partnership settlement,” he stated.
As a result of new firm, the income of the unique partnership agency got here down and triggered a lack of roughly ₹3 crore, the official stated.
Throughout this era, he elevated his personal revenue by 20 to 33% and triggered loss to Hardik Pandya and his brother. Vaibhav additionally diverted funds from the partnership account to his personal, which is round ₹1 crore, he added.
Krunal Pandya: From Cricket Stardom to Controversy
Hardik Pandya’s stepbrother, Krunal Pandya, finds himself embroiled in controversy as studies emerge of his alleged involvement in a dishonest scandal, the place he’s accused of defrauding a fellow cricketer of greater than ₹4 crore in a enterprise deal. The incident has shocked the cricketing group, tarnishing the popularity of the Pandya household.
Based on sources, Krunal Pandya allegedly promised funding alternatives to the sufferer, one other cricketer whose id stays undisclosed, in a profitable enterprise enterprise.
The information has despatched shockwaves by means of the cricketing world, with followers and fellow gamers expressing disbelief and disappointment. Many had appeared as much as Krunal not solely as a cricketer but additionally as a task mannequin, given his affiliation with the nationwide crew and his household’s prominence in Indian cricket.
As investigations into the matter unfold, questions come up in regards to the integrity of sports activities personalities off the sphere. The incident serves as a stark reminder that fame and success don’t exempt people from moral duties, and underscores the significance of transparency and honesty in all dealings, each on and off the cricket pitch.