Overview
- Mumbai Police’s Crime Branch (Property Cell) detained Rajendra Lodha from his Worli residence and a court sent him to police custody until September 23.
- The FIR alleges a Rs 85 crore loss to Lodha Developers between 2013 and 2025 and names his son Sahil Lodha and several associates on charges including criminal breach of trust, cheating and conspiracy.
- Investigators cite schemes such as bogus land acquisitions, sales at deflated prices, benami transactions and undervaluation of about 7.15 lakh sq ft of TDR across dozens of deals.
- The complaint states Lodha threatened CEO Abhishek Lodha through intermediaries after the alleged irregularities surfaced.
- Lodha resigned on August 17 at the company’s request; Lodha Developers says it has referred the matter to authorities, implemented independent review recommendations and police indicate further action may follow.