Vikram Bhatt and Wife Face Fraud Allegations Over Film Deal
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Filmmaker Vikram Bhatt and his wife, Shwetambari, are accused of a ₹30 crore fraud involving fake bills and unfulfilled film production promises. Details here.
Bollywood director Vikram Bhatt and his wife, Shwetambari, have been implicated in a significant fraud case involving allegations of ₹30 crore. A court has remanded them to judicial custody. Their request for interim bail on medical grounds was denied after they had already spent seven days in police custody, according to reports. They will be held at the Central Jail in Udaipur, DSP Suryaveer Singh told ANI.
The couple's arrest occurred last Sunday, December 7, in Mumbai. Rajasthan Police transported them to Udaipur late on December 8 concerning the fraud case, which involves sums exceeding ₹30 crore. The following day, they appeared before an Additional Chief Judicial Magistrate court, which ordered them to be held in police custody for seven days.
The case centers around allegations that Bhatt, his wife, and six other individuals defrauded Dr. Ajay Murdia, an Udaipur-based doctor and founder of Indira Group of Companies, of approximately ₹30 crore.
According to reports, Dr. Murdia sought to produce a biopic about his deceased wife. He was allegedly promised ₹200 crore in earnings, PTI reported. An official stated that after the project failed to materialize, Murdia filed a complaint at the Bhopalpura police station in Udaipur, leading to the registration of an FIR for cheating and related offenses.
The allegations include a promise of four films and the creation of fake bills. Dr. Murdia was reportedly introduced to the accused in April 2024 regarding the possibility of producing a biopic on his late wife, PTI reported.
Police say that in May 2024, Dr. Murdia entered into an agreement with the Bhatts to produce four films, including the biopic, for ₹47 crore. While the first two films were reportedly completed, the remaining two were never produced.
Further investigation revealed that the accused allegedly defrauded the doctor of crores of rupees. This was allegedly achieved through the creation of fraudulent documents, including fake bills in the names of fictitious vendors and inflated salary vouchers, enabling them to divert around ₹30 crore from the doctor, police stated.