Vikram Bhatt and Wife Shwetambari Jailed in ₹30 Crore Fraud Case; Bail Denied

Vikram Bhatt and his wife, Shwetambari, have been remanded to judicial custody in connection with an alleged ₹30 crore fraud. Their request for interim bail on medical grounds was turned down by the court.

The couple's lawyer, Manzoor Hussain, had argued for interim bail, telling ANI that it would allow his clients to be released briefly for medical treatment. He emphasized that the decision rested with the court.

That said, the reality is a bit more complicated. DSP Suryaveer Singh later informed the news agency that the court had ordered Vikram and Shwetambari to be held in judicial custody. They will now be held at the Central Jail in Udaipur.

The Case Details: The Bhatts were apprehended in Mumbai on December 7 and subsequently transported to Udaipur, where they appeared in court the following day. On December 9, they were placed in police custody for seven days. Along with six others, Vikram and Shwetambari are accused of defrauding Dr. Ajay Murdia, the Udaipur-based founder of Indira Group of Companies, of ₹30 crore. Dr. Murdia, who owns Indira IVF Hospital, claimed he was promised ₹200 crore in earnings from a biopic about his late wife, according to an official speaking to PTI. 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.