Mumbai Police Uncover Alleged Fraud by Lodha Developers: School Land Sold, Cash Bags Found
The Mumbai crime branch has uncovered significant evidence against Rajendra Lodha, a former director of Lodha Developers, including the sale of a plot reserved for a school and the discovery of bags of cash. The investigation has also implicated his son Sahil.
Lodha DevelopersRajendra LodhaMumbai PoliceReal Estate FraudSchool LandReal Estate MumbaiSep 23, 2025
According to the witness statements, Lodha allegedly sold a plot reserved for a school to his son’s firm and had his driver bring bags of cash to his office. The probe indicates that despite not having the authority to purchase and sell land on behalf of the real estate giant, Lodha engaged in these transactions for over a decade, allegedly to benefit himself while shortchanging the company.
The court extended Lodha's custody until September 29. He stepped down as director in August. The police's remand report reveals that employee statements show the accused was involved in property deals worth crores of rupees. An excel sheet on a hard drive at the Shil Phata Dombivali office of the real estate company was found, detailing records of money provided to other accused, companies, and individuals.
Through the extraction of Lodha's mobile phone, the police uncovered chats related to property deals, including the use of code words. Statements also revealed that in the past 12 months, large sums were transferred to six brokers and other individuals, with Rs 1.11 crore eventually returning to Lodha's account. An employee further stated that Lodha had taken a plot reserved for a school and college and sold it to the company where his son Sahil was a partner. Sahil has been named as an accused in the case.
Another witness mentioned that the accused’s driver would sometimes bring bags of cash to the office, where another employee and accused in the case would count it. The Mumbai police registered an FIR in the case earlier this month, and the investigation was handed over to the crime branch, leading to the arrest of Rajendra Lodha.
Frequently Asked Questions
Who is Rajendra Lodha and what is his connection to Lodha Developers?
Rajendra Lodha is a former director of Lodha Developers, a prominent real estate company in India. He is accused of financial irregularities and fraud, including the sale of land reserved for a school and the transfer of large sums of money.
What evidence has the Mumbai police found against Rajendra Lodha?
The Mumbai police have found an excel sheet detailing financial transactions, chat records from his mobile phone, and witness statements confirming the sale of a school plot and the bringing of cash bags to his office.
What is the current status of Rajendra Lodha's custody?
Rajendra Lodha's custody has been extended until September 29 by the court. He stepped down as director of Lodha Developers in August.
Who else is implicated in the case besides Rajendra Lodha?
Rajendra Lodha's son, Sahil, has also been named as an accused in the case. He is alleged to have been involved in the sale of the school plot.
What is the significance of the witness statements recorded by the police?
The witness statements, including seven recorded before a magistrate, provide crucial evidence against Rajendra Lodha. They detail his involvement in property deals, the transfer of large sums of money, and the sale of land reserved for a school.
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