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Hardik Pandya’s stepbrother Vaibhav Pandya breaks silence on alleged Rs 4.3 crore cheating case, says it is a family matter

Hardik and Krunal Pandya’s step brother, Vaibhav Pandya, was arrested for allegedly cheating them of Rs 4 crore in a business venture.

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Vaibhav Pandya, the stepbrother of cricketer siblings Hardik and Krunal Pandya, who was cheating on Friday for allegedly defrauding them of Rs 4 crore in a business venture, informed a Mumbai court that the whole situation was a family issue and was simply misunderstood.

During his remand hearing, Vaibhav Pandya (37), through his lawyer, made the submission. His arresrt by the police was extended until April 16. On Monday, the Economic Offenses Wing (EOW) of the Mumbai police detained him on allegations of criminal conspiracy, criminal breach of trust, criminal intimidation, criminal forgery, and other pertinent sections.

After his first police remand ended on Friday, he was produced before additional chief metropolitan magistrate (Esplanade court) L S Padhen.

During the hearing, Niranjan Mundargi, Vaibhav’s laywer, said to the court that it was a family matter and the case has been filed due to misunderstanding  and that the attempts are being made to find a solution.

Additionally, Mundargi said that his client was assisting with the investigation and had no issues with the police-requested remand extension. The EOW requested a seven-day extension of remand, arguing that the investigation was incomplete and that significant material had not yet been retrieved from the accused.

After hearing all sides of the argument, the magistrate said that although the investigative agency had made headway in the inquiry, more time was needed to question the accused because of the case’s numerous financial aspect.

Vaibhav, Hardik, and Krunal allegedly formed a polymer firm together in Mumbai in 2021. Hardik and Krunal contributed 40% each while Vaibhav contributed 20% of the money. The profit-loss ratio remained constant at 2:2:1.

According to the police, Vaibhav was designated to oversee the day-to-day operations of the company. However, he is accused of breaching the partnership agreement by founding a second company engaged in the same industry without disclosing this information to Hardik and Krunal.

This incident caused the original firm’s profits to decline, costing Hardik and Krunal a loss of Rs. 3 crore, while Vaibhav’s personal profit climbed by 20–33 percent.

The accused also reportedly transferred about Rs 1 crore from the company to his personal account, costing the cricketer siblings a total of Rs 4 crore, as per police.

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Rafael Nadal announces retirement from tennis

“It is obviously a difficult decision, one that has taken me some time to make. But in this life everything has a beginning and an end,” Nadal said in the video in Spanish.

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Rafael Nadal, a 22-time Grand Slam champion and widely regarded as one of the most exceptional players in the history of tennis, has announced his retirement from professional tennis.

Nadal’s forthcoming participation in the Davis Cup final 8 for Spain in November will mark his final appearance as a professional tennis player. His illustrious career includes 22 Grand Slam titles, with an unprecedented 14 victories at the French Open, solidifying his status as one of the most accomplished sportspersons of all time.

The champion, in an emotional video posted on X on Thursday, said, “I am here to let you know I am retiring from professional tennis. The reality is that it has been some difficult years, these last two especially.”   

“It is obviously a difficult decision, one that has taken me some time to make. But in this life everything has a beginning and an end,” Nadal said in the video in Spanish.

The 38-year-old mentioned that he has been dealing with numerous injuries over the past few years, leading to significant time away from the sport. This year, the left-handed player has only participated in seven tournaments, experiencing an early exit in the first round of the French Open – an event he has historically won 14 times.

His most recent performance was at the Paris Olympics, where he was defeated by Novak Djokovic in straight sets during the second round.

Nadal boasts an impressive total of 92 ATP singles titles, which includes 36 Masters titles and an Olympic gold medal. Notably, he is one of three men in tennis history to achieve the Career Golden Slam in singles. The announcement of his retirement came through an emotional video shared on social media.

In the lead-up to his retirement, Nadal withdrew from the 2024 Laver Cup, which was intended to be his final professional event on the court. Following the Paris 2024 Olympics, Nadal confirmed that the Laver Cup would be his next appearance for the year. This would have marked his fourth participation in the Laver Cup, after competing in Prague in 2017, Geneva in 2019, and partnering with long-time rival Roger Federer in doubles for the latter’s final match at The O2 in London in 2022.

The 22-time Grand Slam Champion had previously hinted that 2024 might be his last year on the tour. With a season match record of 12-7, his latest competitive outing was at the Paris Olympics, where he was eliminated in the second round by Novak Djokovic.

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Vinesh Phogat returns to India after Paris Olympics heartbreak, says fight not over yet

The Indian wrestler was disqualified from the 50kg final in the Paris Olympics due to exceeding the weight limit by 100 grams.

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Wrestler Vinesh Phogat who arrived in the national capital to a rousing reception at the Delhi Airport on Saturday thanked the people of the country for their support during Paris Olympics and said the fight is not over yet.

She was received by her fellow athletes Bajrang Punia, and Sakshi Malik as well as Congress leader Deepender Hooda, and Panchayat leaders. The Indian wrestler was disqualified from the 50kg final in the Paris Olympics due to exceeding the weight limit by 100 grams.

During the roadshow after her arrival, the 29-year-old said she was grateful for the love and respect that she received from her country.

Addressing a gathering, Phogat said: “Although they didn’t give me the Gold medal, people here have given me that. The love and the respect that I have received is more than 1,000 Gold medals.”

The fellow wrestler Punia said that the love and respect she has received now is more than what she could’ve received after winning a Gold medal. He thanked the people of the entire nation for their support.

Premlata, mother of wrestler Vinesh Phogat said that everyone from her village and nearby areas have come here to welcome her. “We will felicitate her. She is a champion for me. The country has given her more honour than a gold medal”, she said.

Sharing pictures with the fighter on X, the Congress MP Hooda said: “Today, our sister Vinesh Phogat, the daughter of the country, who returned home like a brave warrior, was given a rousing welcome at the Delhi airport. In our eyes, you have been a winner in the past and will remain so in the future too. Your courage, struggle, and determination have not only won the hearts of crores of countrymen but you are an inspiration to crores of youth of the country.”

The Congress MP Shashi Tharoor also took to X and wrote in Hindi, “Everything is stacked ahead of it, this girl is a lion; Welcome Home Phogat.”

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India News

CAS verdict on Vinesh Phogat: CAS says verdict before August 11, the day the Olympics ends

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The Court of Arbitration For Sport (CAS) accepted Indian wrestler Vinesh Phogat’s plea for a joint silver medal in the women’s 50kg wrestling at the Paris Olympics.

Hearing on her appeal started around 9:30 am Paris time, or 1 pm IST on August 9, though an interim verdict was expected, the CAS put out a statement that the order will come before the Olympics end on August 11.

The development has come as a big shot in the arm for both Vinesh Phogat and the Indian Olympic Association. The CAS, in its prima facie views on Thursday, found merit in Vinesh’s plea for a joint silver medal after she was disqualified from the final for being 100 grams overweight.

Vinesh was disqualified just hours before her gold-medal bout against Sarah Ann Hildebrandt of the USA. Although she had guaranteed at least a silver medal by making it to the final, she lost the podium finish following a failed weigh-in. Attempts to shed some kg came to naught as she was disqualified anyway. The ruling of the United World Wrestling – that a wrestler must be within the weight category on each day of competition – saw Vinesh lose the chance at winning a medal.

Though Vinesh’s opponent in the semi-finals, Cuba’s Yusneylis Guzman Lopez, made it to the final, the script ended there as she was beaten by America’s Sarah Ann Hildebrandt who became the fourth woman from her country to win a gold medal in wrestling.

Following her disqualification, Vinesh and the IOA filed two appeals with CAS. While the first one seeking permission for Vinesh to participate in the final was dismissed, the second appeal seeking a joint silver medal was allowed. Vinesh had won her first three bouts on August 6 but could not make her weight for the second-day weigh-in, which resulted in the disqualification.

The IOA has engaged Senior Advocate Harish Salve to argue its case before the CAS on behalf of Vinesh. The IOA argued that the 100 grams excess weight was insignificant and due to various factors such as bloating or recovery after intense competition and not for any gain.

This comes at a time when Vinesh has just declared her retirement from wrestling.

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