Mumbai: The Mumbai police has alleged that Rajendra Lodha, former director of Lodha Developers Ltd (LDL) has allegedly purchased around 21 properties for LDL for 68.35 crores in total from Usha properties. However, it is alleged that Usha properties had purchased these properties only for 26.61 crores just a few months before they were sold to LDL.

EOW Opposes Bail, Court Sends Lodha To Judicial Custody

Lodha was on Monday produced before the metropolitan magistrate court, Esplanade court, wherein he has been remanded to judicial custody. The Economic Offences Wing (EOW), on Monday had sought Lodha’s custody for one day but the court remanded him to judicial custody.

Suspicious Property Transactions Under Scanner

EOW, on Monday mentioned about the deals between Usha properties and Lod

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