Mumbai Crime Branch Arrests Former Lodha Developers Director for Rs 85 Crore Fraud
The Mumbai crime branch has arrested Rajendra Lodha, the former director of Lodha Developers Ltd, for allegedly defrauding the company of Rs 85 crore. The case, involving large-scale fraud and misappropriation of assets, has been handed over to the crime branch for further investigation.
MumbaiReal EstateFraudLodha DevelopersRajendra LodhaReal Estate MumbaiSep 17, 2025
In addition to Rajendra Lodha, his son Sahil Lodha and several other associates have been named in the FIR registered by the NM Joshi Marg police station on Tuesday. The case has been handed over to the Mumbai crime branch.
Mumbai Police spokesperson DCP Raj Tilak Roushan said, “He was produced before the court on Wednesday and remanded in police custody till September 23.”
The company, in its complaint to the Mumbai police, alleged that the accused were involved in large-scale fraud by misappropriation of assets, undervaluing land deals, and engaging in illegal Transferable Development Rights (TDR) transactions. The allegations made by the complainant include that Rajendra Lodha, a distant relative of CEO Abhishek Mangal Prabhat Lodha, misused his position as director to indulge in several wrongful acts.
The company alleged that being responsible for land acquisition in some parts of Thane district for many years, Rajendra Lodha allegedly crafted several strategies to siphon huge sums and amass personal wealth. While doing so, he ensured that none of the moves were detected before now.
The company further alleged in the complaint filed with the Mumbai police that an internal audit review recently found something amiss in one of the transactions by Rajendra Lodha and reported it to the management. The management conducted a preliminary investigation and asked Rajendra Lodha to submit details of his assets and investments.
Initially, he refused to submit the details and instead said he would resign, the company alleged. Several days later, he submitted his resignation from the post of director and promoter of the company.
The FIR mentioned several instances and modus operandi allegedly deployed by Rajendra Lodha and his son, who was also in employment of Lodha Developers for some time. The company further alleged that the entire team involved in matters pertaining to land in the region reported to Rajendra Lodha and acted on his instructions.
An officer said that they have the custody of the accused and will question him regarding the allegations. The police added that the arrested accused had also allegedly threatened the complainant after the fraud came to light.
Frequently Asked Questions
Who is Rajendra Lodha?
Rajendra Lodha is the former director of Lodha Developers Ltd, one of the largest real estate firms in Mumbai. He was arrested for allegedly defrauding the company of Rs 85 crore.
What is Lodha Developers Ltd?
Lodha Developers Ltd is one of the largest real estate firms in India, known for its extensive projects in Mumbai and other parts of the country.
What allegations are made against Rajendra Lodha?
Rajendra Lodha is accused of large-scale fraud, misappropriation of assets, undervaluing land deals, and engaging in illegal Transferable Development Rights (TDR) transactions.
What actions did the company take upon discovering the fraud?
Upon discovering the fraud, the company conducted an internal audit, asked Rajendra Lodha to submit details of his assets and investments, and eventually filed a complaint with the Mumbai police.
What is the current legal status of Rajendra Lodha?
Rajendra Lodha has been arrested and remanded in police custody. He is currently being questioned by the Mumbai crime branch regarding the allegations.
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