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Popular filmmaker Vikram Bhatt and his wife Shwetambari were arrested on December 7 in a fraud case. After the bail petition was rejected once, the couple had filed a bail petition for the second time, however, their petition has been rejected.
Vikram Bhatt and his wife were accused of fraud of Rs 30 crore by the founder of Indira IVF, after which the couple was arrested and sent on remand for 14 days. After the completion of the remand on December 24, the couple had applied for bail, but it was rejected citing sensitive phase and their remand has been extended. The court says that arrests and interrogation are necessary in the case.
After the arrest, Vikram Bhatt and his wife were presented in the ACJM court.
What is the whole matter?
On November 17, Dr. Ajay Murdia, owner of Indira Group of Companies of Rajasthan, had filed an FIR of fraud of Rs 30 crore against 8 people including Vikram Bhatt in Udaipur.
Dr. Ajay Murdia alleges that he met Dinesh Kataria at an event. Dinesh Kataria proposed him to make his wife’s biopic.
In this connection, Dinesh Kataria had called Vrindavan Studio in Mumbai on 24 April 2024. Kataria introduced him to Vikram Bhatt, where there was discussion about making a biopic with Bhatt.
A few days later, Vikram and Shwetambari Bhatt told Dr. Ajay Murdia that by financing another Rs 7 crore, they can make 4 films for Rs 47 crore. The release of these films will generate profits of Rs 100 to 200 crores.
After this, Rs 77 lakh 86 thousand 979 were transferred to the accounts of his staff in the names of Amandeep Manjeet Singh, Mudit, Farzana Aamir Ali, Abjani, Rahul Kumar, Sachin Gargote, Saboba Bhimana Adkari.
In this way Rs 2 crore 45 lakh 61 thousand 400 were transferred. Whereas a payment of Rs 42 crore 70 lakh 82 thousand 232 was made from Indira Entertainment, whereas it was decided to produce four films for Rs 47 crore.
Two movies were released, work on one was not even started
Vikram Bhatt and Shwetambari Bhatt produced and released only two films. Only about 25 percent of the third film Vishwa Virat was made. The shooting of the fourth film Maharana-Ran has not even started yet. It is alleged that the director embezzled Rs 25 crores from the film Maharana-Ran itself.
Dr. Ajay Murdia (victim), owner of Indira IVF, has filed a complaint against the film director, his wife, daughter Krishna resident of Andheri West, Mumbai, Dinesh Kataria resident of Saheli Nagar, Udaipur, Mehboob Ansari producer resident of Thane, Mudit Butattan resident of Delhi, Gangeshwarlal Srivastava DSC Chairman, Ashok Dubey General Secretary, Federation of Western India Cine Employees Mumbai in Bhupalpura (Udaipur) police station. Had given report.
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