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4w ago

Manjummel Boys Producers Arrested and Bailed in Alleged ₹47 Crore Fraud Case

Kerala High Court’s bail order guarantees their release following arrest pending continued investigation into the film’s finances.

Soubin Shahir Arrested In Financial Fraud Case Related To Manjummel Boys, Released On Bail
Soubin Shahir and the cast of Chidambaram's 2024 hit film Manjummel Boys.
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Soubin Shahir was an actor and producer in Manjummel Boys | Image: Republic

Overview

  • Maradu police recorded the arrests of Soubin Shahir, his father Babu Shahir and producer Shawn Antony and booked them under IPC Sections 120b, 406, 420, 468 and 34 before granting bail as directed by the High Court.
  • The FIR alleges investors transferred ₹7 crore to Parava Films but were cheated of ₹47 crore, including a promised 40% profit share in the ₹22 crore production.
  • Police continue probing the film’s accounting records as they investigate claims of pre-planned embezzlement in Manjummel Boys’ finances.
  • Manjummel Boys has grossed over ₹200 crore worldwide, intensifying scrutiny of its revenue streams and profit distribution to backers.
  • The case dates to an April 2024 FIR filed by Siraj Valiyathara Hameed, who says he was promised a ₹40 crore profit share but received just ₹5.99 crore.