ED arrests Former Lodha Developers Director in Rs 85-crore fraud case
India Today
Rajendra Lodha has been accused in an alleged Rs 85 crore money laundering scam involving fake land deals, benami firms and large-scale diversion of funds, with Lodha Developers having filed a case against him.
The Enforcement Directorate (ED) on Thursday arrested Rajendra Lodha, former director of Mumbai-based real estate firm Lodha Developers, in connection with a money laundering case involving an alleged Rs 85 crore scam.
The arrest follows a complaint filed by Lodha Developers, one of India’s leading real estate companies, which reported financial irregularities and fraudulent dealings after a massive scam came to light last year. He was earlier arrested by the Mumbai Police.
According to officials, Rajendra Lodha and several others are accused of siphoning off large sums of money from the company through a series of complex transactions.
The case first came to light in September 2025, when Lodha Developers filed a criminal complaint against Rajendra Lodha and others, prompting the Mumbai Crime Branch’s property cell to initiate an investigation.
Subsequently, Rajendra Lodha and several co-accused were arrested on suspicion of fraud, cheating, criminal breach of trust and criminal conspiracy. Investigators have since uncovered multiple instances of alleged embezzlement involving both cash and gold.
According to the investigation, Rajendra Lodha is accused of orchestrating a scheme to divert company funds through fake land acquisitions, the resale of previously purchased land and the undervaluation of company assets. Evidence indicates that large cash transactions were carried out under the pretext of land deals, resulting in significant losses to Lodha Developers.
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