A court has extended the police custody of star cricketer Hardik Pandya’s stepbrother Vaibhav till April 19 in a cheating case. The accused was arrested on April 10, following accusations that Vaibhav diverted a sum of INR ₹4.3 crore from a partnership firm. Vaibhav Pandya is the elder cousin of Hardik Pandya and Krunal Pandya.
No relief for Hardik Pandya’s stepbrother
Vaibhav Pandya was produced before a magistrate court after his previous remand expired. Mumbai Police’s Economic Offences Wing (EOW) requested the court to extend Vaibhav’s custody for further investigation. As Vaibhav’s lawyer Niranjan Mundargi didn’t oppose the EOW plea, the court extended his custody till Friday.
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Why is Vaibhav Pandya arrested?
As per reports, Vaibhav has been charged with cheating and forgery. The three brothers (Hardik Pandya, Vaibhav Pandya and Krunal Pandya) set up a polymer business in 2021. The business terms were such that Hardik and Krunal infused 40 percent capital each while Vaibhav chipped in with 20 percent. However, Vaibhav later set up another firm dealing in the same trade without informing the Pandya brothers, violating the terms which has now resulted in his arrest.