Vaibhav Pandya is the elder cousin of Hardik Pandya and Krunal Pandya who was recently arrested for committing a fraud. According to Mumbai police, the arrest was made on April 10 (Thursday), following accusations that Vaibhav Pandya diverted a sum of INR ₹4.3 crore from a partnership firm, causing a significant loss to Hardik Pandya and his brother Krunal Pandya.
Who is Vaibhav Pandya?
Vaibhav Pandya (37 years) is an entrepreneur and the cousin of the Pandya brothers. Going by his Insta name, he calls himself Vaibhav Himanshu Pandya. Himanshu Pandya was the father of Krunal and Hardik. Speaking about his education qualifications, did his schooling at New English School Mumbai. Thereafter, Vaibhav did his bachelor’s in commerce i.e. B.Com from IES High School, Bandra-East in 2006. Vaibhav Pandya has also worked in multiple firms before partnering up with his cousins.
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.
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