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The Economic Times
The Economic Times

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

Mumbai, A court here on Monday denied bail to former director of Lodha Developers, Rajendra Lodha, in a Rs 181 crore corporate land fraud case, saying such offences affects people's confidence in commercial and financial institutions.

Prima facie material collected during the course of investigation shows Lodha's alleged pivotal role in the conspiracy, Additional Sessions Judge P A Sable said.

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