From India Today · Divyesh Singh · · 1m 20s
Rajendra Lodha Faces New Fraud Case
Former Lodha Developers director Rajendra Lodha booked over alleged Rs 6.67 crore South Mumbai flat fraud.
In brief
Former Lodha Developers director Rajendra Lodha booked over alleged Rs 6.67 crore South Mumbai flat fraud. Mumbai Police registered fresh FIR against Rajendra Lodha for Rs 6.67 crore property fraud involving Bhiwandi land deal. Originally reported by India Today.
New FIR Against Rajendra Lodha
Mumbai Police registered fresh FIR against former Lodha Developers director Rajendra Lodha over alleged Rs 6.67 crore South Mumbai flat fraud.
Alleged Fraud Scheme
Lodha allegedly manipulated Bhiwandi land development agreement and linked it to South Mumbai flat sale.
Transaction Details
Lodha facilitated Bhiwandi land deal in 2019 for Rs 8.5 lakh brokerage and introduced Sacvir Builders as broker.
Discounted Flat Deal
Flat originally valued at Rs 6.86 crore was discounted by Rs 1.5 crore to Rs 5.36 crore.
Payment and Fraud
Sacvir Builders paid Rs 36 lakh to Lodha Developers after Lodha claimed Rs 5 crore broker fee.
Additional Fraud
Lodha introduced Nitin Narayan Keni and allegedly made company pay Rs 17 lakh for Bhiwandi land.
Financial Loss
Lodha and five others allegedly caused Rs 6.67 crore loss through fraudulent transaction.
Earlier Case
Lodha arrested in September 2025 over Rs 85 crore fraud case involving Rs 181 crore alleged fraud.
ED Investigation
Enforcement Directorate claimed Rs 370 crore proceeds from fraudulent land transactions and barter arrangements.
Here's the gist
Mumbai Police registered fresh FIR against Rajendra Lodha for Rs 6.67 crore property fraud involving Bhiwandi land deal.
