Overview

• Additional Chief Metropolitan Magistrate V R Patil at the Esplanade court denied more police custody and ordered judicial remand on Monday.
• Rajendra Lodha, 59, was arrested on September 17 and faces Bharatiya Nyaya Sanhita charges including criminal breach of trust and cheating.
• Investigators told the court a forensic audit is underway to verify documents and trace funds, with digital records under review.
• Complainant counsel said 29 witness statements implicating Lodha have been recorded, including accounts of cash deliveries over 12–15 years from associates and a driver.
• Prosecutors highlighted property deals routed via Usha Properties, alleging flips from Rs 26.61 crore to Rs 68.35 crore within months and financial links to Lodha’s son, Sahil, alongside a separate claim that a school-reserved plot was sold to his company.