Court denies bail to ex-director of Lodha Developers in Rs 181 crore land scam

A Mumbai court denied bail to Rajendra Lodha, former director of Lodha Developers. He faces allegations of a Rs 181 crore corporate land fraud conspiracy. The court cited his pivotal role and abuse of fiduciary authority in the case. Investigations are ongoing, and a crucial auditor's report is still awaited. The court expressed concern over potential witness intimidation by the influential accused.

Raccontata daeconomictimes.indiatimes.com