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Hardik Pandya Stepbrother Vaibhav Pandya Arrested: Hardik Pandya’s Family Business Dispute

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Amidst the excitement of IPL 2024, a shocking development emerged as cricketer Hardik Pandya’s step-brother, Vaibhav Pandya, was apprehended by the Mumbai Police’s Economic Offences Wing. The arrest stemmed from allegations of betrayal in business against Vaibhav, implicating him and his elder brother Krunal Pandya.

Financial Fraud Allegations

According to officials from the Financial Fraud Department, 37-year-old Vaibhav Pandya is accused of engaging in a dubious financial transaction worth approximately 4.3 crore rupees with a partnership firm based in Mumbai. This transaction has reportedly resulted in significant losses for cricketer Hardik Pandya and his brother Krunal Pandya.

Details of the Partnership

The partnership at the heart of the dispute involved Hardik Pandya, Krunal Pandya, and Vaibhav Pandya in a polymer firm. Under the agreement, Hardik and Krunal each held 40% of the shares, while Vaibhav owned the remaining 20%. The venture commenced in 2021, with the understanding that profits would be distributed in accordance with each partner’s investment.

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Alleged Breach of Trust

Despite the agreed-upon terms, Vaibhav Pandya purportedly initiated another polymer firm without informing Hardik and Krunal. He allegedly diverted profits from the original partnership to this new venture, leading to substantial financial losses for his brothers.

Pending Developments

As the investigation unfolds, the cricketing world eagerly awaits updates on this family business dispute. Stay tuned for further developments in this unfolding saga.

Share Your Thoughts

What are your thoughts on this shocking turn of events? Share your opinions and reactions in the comments section below.

Vikash Siyag

Vikash Siyag: SEO Specialist & Freelancer with 5 yrs experience. Expertise in Onpage & Offpage SEO, web development, & website design.

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