Mumbai Crime Branch Cracks Down: Arrests Ex-Director in Rs 85 Crore Lodha Developers Fraud
Mumbai's Crime Branch has made a significant arrest, nabbing Rajendra N. Lodha, former director of Lodha Developers, in a high-profile fraud case involving Rs 85 crore. The company, one of India’s largest real estate firms, accused Lodha and his associates of misappropriation and criminal breach of trust.
MumbaiReal EstateFraudLodha DevelopersCrime BranchReal Estate MumbaiSep 17, 2025
The company accused its former director, Rajendra Narpatmal Lodha, his son Sahil Lodha, and several associates of large-scale fraud, misappropriation of assets, and criminal breach of trust amounting to nearly Rs 85 crore. The allegations include unauthorized sales of company-owned properties, undervaluing land deals, and engaging in illegal Transferable Development Rights (TDR) transactions.
According to the police, Rajendra Lodha, who was authorized only to acquire land on behalf of the company, allegedly abused his position by carrying out unauthorised sales of company-owned properties. This unauthorized activity not only led to significant financial losses but also damaged the company's reputation in the real estate market.
The investigation revealed that Lodha and his associates had been systematically misusing their positions to siphon off funds and assets. The Crime Branch, after a thorough investigation, identified the key players involved in the fraud and took swift action to apprehend them.
Lodha Developers, known for its vast portfolio of residential and commercial projects, has been a prominent player in the real estate sector for decades. The company's management expressed relief and gratitude towards the Crime Branch for their diligent efforts in bringing the culprits to justice.
The arrest of Rajendra N. Lodha and his associates is expected to send a strong message to others in the industry about the consequences of such fraudulent activities. The Crime Branch is continuing its investigation to uncover the full extent of the fraud and to ensure that all those involved are held accountable.
In a statement, the CEO of Lodha Developers said, 'We are committed to maintaining the highest standards of integrity and transparency. The swift action by the Crime Branch is a testament to our commitment to upholding the law and protecting the interests of our stakeholders.'
The case has also raised questions about the internal controls and governance practices within large real estate firms. Experts suggest that this incident will likely lead to stricter regulations and more rigorous oversight in the real estate sector to prevent similar incidents in the future.
As the legal proceedings move forward, the focus will be on recovering the lost funds and ensuring that the company can return to its usual operations without further disruptions. The Crime Branch is working closely with Lodha Developers to ensure a comprehensive resolution to this complex case.
Frequently Asked Questions
What is the amount involved in the Lodha Developers fraud case?
The fraud case involving Lodha Developers amounts to Rs 85 crore.
Who was arrested in the Lodha Developers fraud case?
Rajendra N. Lodha, former director of Lodha Developers, and several others were arrested in the fraud case.
What did Rajendra Lodha and his associates allegedly do?
Rajendra Lodha and his associates are accused of large-scale fraud, misappropriation of assets, and criminal breach of trust, including unauthorized sales of company-owned properties and undervaluing land deals.
What is the role of the Mumbai Crime Branch in this case?
The Mumbai Crime Branch conducted a thorough investigation and arrested the individuals involved in the fraud case.
What is the impact of this case on Lodha Developers?
The case has led to significant financial losses and damaged the company's reputation. However, the company is committed to maintaining integrity and transparency and is working with the Crime Branch to resolve the issue.
Related News Articles
Pune's PCNTDA Residents to Get Freehold Status, Promises Maharashtra Minister Uday Samant
Maharashtra Minister Uday Samant has assured PCNTDA residents that a decision will be made on freehold status without causing financial loss to the state government.
Veriff Boosts Biometric Security to Combat Account Takeover Fraud
Biometric authentication, account takeover fraud, identity verification, facial recognition, fraud prevention
Inside Mumbai's Luxurious Abodes: A Glimpse into the Homes of India's Elite
Mumbai, often dubbed the 'Billionaire Capital of Asia,' boasts a real estate landscape that mirrors its status as India's commercial and financial hub. From opulent mansions to sleek high-rises, the city is home to some of the most stunning and expensive
Kapil Sharma: From Rs 500 Salary to Rs 300 Crore Net Worth
Kapil Sharma, the king of Indian comedy, has come a long way from his humble beginnings. Today, he owns luxurious properties and cars, and his net worth is estimated at Rs 300 crore. Explore his inspiring journey from rags to riches.
Mumbai and Delhi Emerge as Leading Luxury Real Estate Markets in Asia-Pacific
India's real estate sector is witnessing a significant boom, driven by robust economic growth, infrastructure improvements, and changing lifestyle trends. Mumbai and Delhi, in particular, are ranking among the fastest-growing luxury real estate markets in
Important Steps to Ensure Your Apartment is Free from Legal Issues Before Purchase
MahaRERA has recently directed a real estate developer near Mumbai to disclose details about any pending litigation to the public. This highlights the importance of checking for legal issues before buying an apartment.