India, Jan. 21 -- A former business development officer of Lodha Developers Ltd has been booked for allegedly cheating the firm of Rs.3.84 crore by manipulating ownership and possession details of a property in Bhiwandi.

The case was registered on a complaint filed by Prakash Sawant, 47, associate general manager at Lodha Developers, which has its office at Apollo Mills compound in Mahalaxmi.

According to the police, the accused, Shivaji Jadhav, 56, a resident of Bhiwandi, was employed with the company from 2007 to 2024 and was responsible for identifying, buying and selling land for its projects across the Mumbai Metropolitan Region and other parts of Maharashtra. In 2021, the firm was scouting for land parcels in Thane and Bhiwandi fo...