Hardik Pandya’s Stepbrother Arrested During IPL 2024: Case Unveiled

In a startling turn of events, Vaibhav Pandya, the stepbrother of renowned cricketer Hardik Pandya, was arrested on Wednesday amidst the frenzy of IPL 2024. The arrest came in light of allegations of cheating leveled against Vaibhav Pandya by both Hardik and his elder brother, Krunal Pandya, in their business dealings.

The case revolves around a polymer firm established in partnership between the Pandya brothers – Hardik, Krunal, and their stepbrother, Vaibhav. Hardik and Krunal each hold a 40% share in the company, while Vaibhav holds the remaining 20%. The trio ventured into the polymer business together in 2021, setting up the firm based on mutually agreed terms of partnership.

Under the terms of the agreement, Vaibhav Pandya was entrusted with the responsibility of managing the firm, with profits to be divided among the partners in proportion to their shareholding. However, Vaibhav allegedly breached the partnership agreement by clandestinely establishing another polymer firm without the knowledge of his brothers.

Instead of channeling the profits earned from the partnership company to Hardik and Krunal, Vaibhav diverted them to his newly formed entity. This deceitful act resulted in a significant loss amounting to Rs 4.3 crore for Hardik and Krunal Pandya. Notably, Vaibhav also transferred Rs 1 crore from the partnership firm’s account to his personal account.

The unauthorized establishment of the separate polymer firm led to a decrease in profits for the partnership company by Rs 3 crore. Moreover, Vaibhav increased his share of the profits from 20% to 33.3% without the consent of his brothers, exacerbating their financial losses.

Following a complaint lodged by Hardik and Krunal Pandya, Vaibhav Pandya was apprehended by authorities. The arrest underscores the severity of the allegations leveled against him and marks a significant development in the ongoing legal proceedings.

As the case unfolds, it casts a shadow over the harmony within the Pandya family and serves as a cautionary tale about the complexities of family dynamics intersecting with business interests.