Connect with us
Tuesday,14-April-2026
Breaking News

Crime

ED Raids 14 Locations In ₹85-Crore Fraud Case Involving Former Lodha Developers Director

Published

on

Mumbai: The Enforcement Directorate (ED) has registered an Enforcement Case Information Report (ECIR) against former Lodha Developers Ltd director Rajendra Lodha and several others in connection with an alleged Rs 85 crore corporate fraud under the Prevention of Money Laundering Act (PMLA).

Officials said the agency carried out searches on Wednesday at 14 locations across Mumbai and Thane, including Worli, Ghatkopar, Borivali, Thane, and Dombivli, as part of its probe into alleged money laundering, unauthorised property sales, and financial irregularities. The searches covered premises linked to Lodha Developers Ltd, as well as residential and commercial properties of several associates and firms allegedly involved in facilitating fraudulent land and property transactions. Among the locations searched was the Dombivali residence and office of Vinod Patil, the brother of MNS leader and former MLA Raju Patil, who is also an accused in the case.

According to ED sources, the searches were aimed at tracing the alleged proceeds of crime and identifying entities linked to the suspicious transactions. During the operation, the ED seized several incriminating documents, financial records, and digital evidence, which are now being analysed to track the flow of funds and determine the ultimate beneficiaries.

The ED action reportedly stems from an FIR filed by Lodha Developers (now Macrotech Developers Ltd) in September, which alleged that Rajendra Lodha misused his position between 2013 and 2025 to defraud the company of around Rs 85 crore through unauthorised property sales, undervalued land deals, and illegal Transferable Development Rights (TDR) transactions, causing significant losses. Lodha was earlier arrested by the Mumbai Police Crime Branch in connection with the case.

Investigators said the New Cuffe Parade project in Wadala has emerged as a key link in the alleged fraud. According to the FIR, Flat A/3603 in Tower 11, booked by Nilesh Chandrabhan Agarwal for around Rs 3.10 crore, was used in a forged agreement. Lodha and his son Sahil Lodha allegedly claimed that the company needed to pay Rs 3.03 crore to Agarwal to vacate land in Nitals village in Panvel, which he did not legally own. The amount was reportedly diverted in cash by the Lodhas, causing a direct loss of Rs 3.03 crore to the company.

The ED case also details multiple financial irregularities. In the TDR scam, 34 transactions totalling 7.15 lakh sq.ft. granted by the Kalyan-Dombivli Municipal Corporation were executed in cash at Rs 685 per sq.ft., significantly below market value, resulting in an estimated loss of around Rs 20 crore. Vinod Patil was one of the key conspirators in this case along with Lodha and his son. A 1.46-acre plot in Ambarnath’s Naharen village, was sold by Lodha for Rs 88 lakh without proper authority. The land, located on the proposed Virar–Alibaug multimodal corridor, was expected to earn compensation of about Rs 10 crore from the government. Ten months later, the buyer received Rs 10.88 crore, causing a loss of roughly Rs 10 crore to the company.

In another instance, a 4,150 sq.m. plot in Panvel’s Shirdon village, was allegedly sold by Rajendra and Sahil Lodha to their benami company, Usha Properties, for only Rs 48 lakh, resulting in a loss of around Rs 10 crore. Similarly, a 3,630 sq.m. plot in Panvel’s Bhopar village, was sold to a benami company, N.B.P. Agrotech Infratech LLP, at a price Rs 6.25 crore below market value.

In addition, a land repurchase scam involved company land registered in the name of a deceased employee’s wife, purchased through an associate for Rs 5 lakh and later sold back to Lodha Developers Ltd for Rs 2.65 crore, causing a further loss.

The search was underway till the time this report was published.

Crime

NESCO Drugs Party Crackdown: Kalyan-Based Builder Arrested After Hour-Long Police Standoff

Published

on

Kalyan, April 14: In a major breakthrough in the high-profile NESCO Centre drugs party case, Mumbai Police have arrested alleged drug supplier Anand Patel, a Kalyan-based businessman, following a late-night raid that turned into a tense hour-long standoff.

According to officials, the operation was carried out with the assistance of Khadakpada Police after Mumbai Police received specific intelligence that Patel was hiding at his residence in Kalyan West. A police team immediately rushed to the location and coordinated with local authorities to execute the arrest.

Senior officers, including Deputy Commissioner of Police (DCP) Atul Zende, were informed about the operation. Subsequently, a joint team led by Senior Police Inspector Amarnath Waghmode, along with officers Bhushan Devre, Kiran Shirke, Sanjay Chavan, Kundan Bhamre, and Suraj Khandale, reached the upscale Mohan Heights residential complex where Patel resides.

At the premises, police first encountered Patel’s father, Lakhan Patel, a businessman, who allegedly tried to mislead the officers by claiming that his son was not in Kalyan and had gone out of town. He also reportedly attempted to evade questioning, which further raised suspicion among the police team.

Acting on strong intelligence inputs, police escorted Lakhan Patel to the eighth-floor apartment. However, despite repeated knocking and instructions, the occupants refused to open the door. The situation soon escalated into a tense standoff, with police waiting outside for nearly an hour.

Officials made it clear that they would not leave without taking Patel into custody. Eventually, after continuous persuasion and intervention by his father, Anand Patel opened the door and was immediately detained by the police. Sources revealed that Patel had celebrated his birthday just two days earlier, and several relatives were present inside the house during the raid.

Following his detention, Khadakpada Police formally handed him over to Mumbai Police for further investigation in the NESCO drugs party case.

Preliminary investigation suggests that Patel, who claims to be a builder, played a key role in supplying drugs at the party. He is believed to have acted as a crucial link between the party organiser and drug suppliers. Police are now probing his wider network and suspect that he may have been involved in drug distribution activities in Kalyan and nearby areas as well.

Officials also stated that Patel’s father, Lakhan Patel, has multiple criminal cases registered against him, and his role, if any, will also be examined as part of the ongoing investigation. Further investigation is underway, and more arrests are likely as the probe deepens.

Continue Reading

Crime

Dawood-linked fake currency syndicate goes local as border routes tighten

Published

on

New Delhi, April 14: Indian agencies have reported a sharp rise in counterfeit currency seizures, pointing to a renewed push by organised networks to expand operations.

Investigators say the syndicate linked to Dawood Ibrahim, operating from Pakistan, is increasingly directing operatives in India to print fake notes locally instead of relying on cross-border smuggling routes through Pakistan and Bangladesh.

The trend points to a deliberate attempt to scale up production, with signs of a coordinated effort to undermine the Indian economy. Recent months have seen multiple seizures in border regions due to tighter security. At the same time, attempts to drop counterfeit currency using drones are being detected and intercepted with increasing frequency.

An Intelligence Bureau official said that the syndicate is now directing its operatives in India to print fake notes locally and circulate them within the market. They have been advised to keep operations small but frequent to maintain overall volume while avoiding attention.

“To reduce the risk of detection, members are also shifting bases regularly, making it difficult for agencies to track and pin down a single location,” the official added.

The route through the Bangladesh border has also become increasingly difficult for smugglers to use. Enhanced security measures have tightened surveillance, making it harder for operatives to push counterfeit currency into India.

Another official said the strategy now is to expand printing across multiple states, including Gujarat, Uttar Pradesh, Rajasthan, and Punjab. In the past, the syndicate had set up a localised unit in Malda, West Bengal, where high-quality counterfeit notes were produced and were difficult to detect.

“However, after the unit was uncovered, intensified action by agencies led to a sharp decline in operations,” the official said.

Another official said printing capacity in Malda has dropped by more than half after agencies, including the National Investigation Agency (NIA), intensified investigations and enforcement.

Officials added that efforts are underway to push in raw materials needed to set up fresh units to expand local production. If these consignments reach operatives in India, output could increase again. Even as the focus shifts to domestic printing, attempts to move counterfeit currency across the border using drones are expected to continue.

Last month, the Border Security Force (BSF) and Amritsar Police seized counterfeit currency worth Rs 2.5 lakh, which officials believe may have been a trial run. While drones have been intercepted carrying drugs, arms, and ammunition on several occasions, their use for moving fake currency has emerged as a growing concern.

Agencies said the syndicate is now relying on smaller consignments that are harder to detect on radar and surveillance systems. An official noted that operatives are adopting varied methods to increase the circulation of counterfeit notes.

Even as local production gathers pace, the use of drones is expected to continue. The broader objective, officials said, is to generate funds for terror activities and to inflict economic damage through the sustained circulation of fake currency.

Continue Reading

Crime

Muslim Leaders Meet Mumbai Police Commissioner Deven Bharti, Seek Crackdown On Attackers Of Anti-Drug Campaigner; Demand Probe

Published

on

Mumbai: In a strong show of concern over rising drug-related threats, senior members of the All India Sunni Jamiyatul Ulama on Monday met Commissioner of Mumbai Police Deven Bharti, urging immediate and stringent action against drug peddlers allegedly involved in the assault on Sayed Khalid Ashraf Sahab, a religious figure known for his anti-drug awareness work.

The delegation, led by President Sayed Moinuddin Ashraf (Moin Miyan) and Vice President Mohammed Saeed Noori, submitted a formal letter highlighting the seriousness of the incident. They stressed that the attack was not merely targeted at an individual but posed a direct threat to ongoing efforts aimed at curbing drug abuse among youth.

According to the letter dated April 13, Sayed Khalid Ashraf Sahab, associated with the historic Khanqah Ashrafia in Kichchoucha Sharif, Uttar Pradesh, has been actively campaigning to steer young individuals away from narcotics and promote healthier lifestyles. His work, the delegation noted, has allegedly drawn hostility from those involved in illegal drug trade.

Calling the assault “deeply concerning,” the leaders warned that failure to act decisively could discourage social reformers and activists from continuing their efforts against substance abuse. They emphasised that such incidents undermine broader societal attempts to tackle the growing menace of drugs.

In their appeal, the delegation urged the Mumbai Police to initiate a swift and thorough investigation, identify and apprehend those responsible, and take exemplary action against drug peddlers operating in the area. They also sought adequate protection for individuals working on anti-drug initiatives, citing potential risks posed by criminal elements.

The representation further underlined that prompt police action would not only ensure justice in the present case but also reinforce public confidence in law enforcement agencies. It added that strong measures are essential to send a clear message that violence against those working for societal welfare will not be tolerated.

The incident has also raised serious concerns about the growing nexus between drug networks and intimidation tactics, particularly targeting those working at the grassroots to combat substance abuse. It underscores the urgent need for stronger enforcement, community protection measures, and sustained awareness efforts to ensure that individuals advocating for social reform are not silenced through fear or violence.

Continue Reading
Advertisement
Advertisement

Trending