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Former Lodha Developers Director Arrested in Mumbai Fraud Case, Remanded to Sept. 23

Police say investigative findings prompted the arrest following his August resignation after an ethics review.

Overview

  • Rajendra Lodha was detained by the Mumbai Crime Branch’s property cell from his Worli residence and taken into custody.
  • He was produced in court and remanded to police custody until September 23 as the probe continues.
  • Investigators allege the fraud totals about ₹85 crore, citing illegal land dealings and unauthorized flat sales.
  • The FIR alleges he issued threats to company executive Abhishek Lodha through aides, including a violent warning if action was taken.
  • Lodha Developers said it enforces a zero‑tolerance policy, requested his resignation on August 17, and disclosed he is a fourth‑degree relative of its managing director and CEO.