Lodha Developers Ex-Director Arrested for Alleged Fraud in Mumbai
A former director of real estate giant Lodha Developers, Rajendra Lodha, has been arrested in Mumbai for his alleged involvement in a fraud case. The arrest comes after an ethics review led to his resignation last month.
Real EstateFraudLodha DevelopersMumbaiRajendra LodhaReal Estate MumbaiSep 17, 2025
Accused Rajendra Lodha was taken into custody from his residence at Worli in central Mumbai by the property cell of the Mumbai Crime Branch, a senior police official said.
Rajendra Lodha's alleged involvement in the fraud came to light during the ongoing investigation, which led to his arrest. He was produced in a court, which remanded him in police custody until September 23, the official added.
Lodha had resigned from the post of director of Lodha Developers last month after the company's ethics committee reviewed his conduct. Further investigation into the case is currently underway, the official stated.
Reacting to the development, Lodha Developers issued a statement saying, “The company maintains a strict zero-tolerance policy towards any misconduct, irrespective of the seniority or position of the individual concerned. At the company's request, Mr Rajendra Lodha resigned from all positions held within the organization on August 17, 2025. For the sake of transparency, we note that he is a distant relative (fourth-degree) of the company's Managing Director and CEO.”
Lodha Developers, one of India's leading real estate firms, has been committed to upholding ethical standards and ensuring transparency in its operations. The company has a robust internal review process to address any allegations of misconduct and to protect the interests of its stakeholders.
The arrest of Rajendra Lodha underscores the company's commitment to maintaining the highest standards of integrity and accountability. The ongoing investigation aims to uncover the full extent of the alleged fraud and take appropriate action to rectify any wrongdoings.
The real estate sector in Mumbai has faced several challenges in recent years, with increased scrutiny on ethical practices and transparency. The arrest of a high-profile figure like Rajendra Lodha is a significant development and may have wider implications for the industry.
Lodha Developers has a strong presence in the real estate market, with a diverse portfolio of residential and commercial projects. The company's response to this incident highlights its dedication to maintaining the trust of its customers and investors.
The investigation into the alleged fraud is expected to continue, and further updates will be provided as more information becomes available. The company remains focused on its core business and is committed to delivering high-quality projects while adhering to the highest standards of corporate governance.
Frequently Asked Questions
Who is Rajendra Lodha?
Rajendra Lodha is a former director of Lodha Developers, a leading real estate company in India. He was arrested for his alleged involvement in a fraud case.
Why was Rajendra Lodha arrested?
Rajendra Lodha was arrested for his alleged role in a fraud case. The allegations came to light during an investigation, and he was taken into custody by the property cell of the Mumbai Crime Branch.
What is Lodha Developers' stance on the arrest?
Lodha Developers maintains a strict zero-tolerance policy towards any misconduct. The company requested Rajendra Lodha to resign from all positions held within the organization and is committed to transparency and ethical standards.
What is the current status of the investigation?
The investigation into the alleged fraud is ongoing. Rajendra Lodha has been remanded in police custody, and further probes are being conducted to uncover the full extent of the wrongdoing.
How does this affect Lodha Developers' reputation?
The arrest of a high-profile figure like Rajendra Lodha may have implications for Lodha Developers' reputation. However, the company's strong response, including a zero-tolerance policy and commitment to transparency, aims to maintain stakeholder trust and uphold ethical standards.
Related News Articles
Sagittarius Daily Horoscope for September 8, 2024: A Promising Day for Investments and Career Growth
Sagittarians can expect a fruitful day for financial investments, especially in real estate or the stock market. Career growth and cooperation among colleagues are also on the cards.
Mumbai Goes Toll-Free: A Boon for Eastern Suburbs' Real Estate?
This decision to waive tolls for light motor vehicles in Mumbai is expected to boost the real estate market in suburbs like Thane, Airoli, and Vashi, making them more attractive to homebuyers. The timing, just before the Maharashtra Assembly polls, has ra
Pune Fire Brigade Rescues Mentally Ill Man Trapped on Fourth Floor of Kondhwa Building
The Pune Fire Brigade swiftly responded to a distress call and successfully rescued a mentally ill man trapped on the fourth floor of a building in Kondhwa. The operation was completed within 20 minutes, ensuring the safety of the individual.
Birla Acquires 71-Acre Land Plot Near Mumbai for Over Rs 1.04 Billion
The land will be used for future real estate development projects.
AI in Healthcare: Ethical and Human Rights Implications Explored in Armenia
The Council of Europe and Armenia's National Assembly held a two-day discussion to address the ethical and human rights implications of AI in healthcare, focusing on patient autonomy, professional standards, data self-determination, and equitable access t
From Real Estate Dynamo to Odisha's First Muslim MLA: Congress’s Sofia Firdous is Making Waves
Sofia Firdous, a rising star in the real estate business, has now made history by becoming Odisha's first Muslim MLA. Her journey from a male-dominated industry to the political forefront is a testament to her perseverance and dedication.