ED arrests Rajendra Lodha in money laundering case, gets 8-day custody

• The Enforcement Directorate (ED) arrested Rajendra Narpat Mal Lodha on February 12, 2026, in a money laundering case linked to Lodha Developers.
• Lodha was produced before a special PMLA court in Mumbai and remanded to eight days of ED custody for further investigation.
• The ED's action stems from a Mumbai Police FIR alleging fraud, abuse of position, unauthorized sale of company assets, and forged documents, causing over ₹100 crore loss to Lodha Developers Limited.
• Allegations include diversion of funds, fabricated MoUs, sale of properties at undervalued prices to related parties, and inflated land purchase prices with cash kickbacks.
• Earlier searches on November 12, 2025, at 14 locations in Mumbai resulted in the seizure/freezing of movable assets worth ₹88 crore and recovery of crucial documents.