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Vikram Bhatt and Wife Arrested in ₹30 Crore Film-Funding Fraud Case

Transit remand from a Bandra court clears his transfer to Udaipur under a November FIR alleging inflated billing, forged documents, fund diversion, incomplete films.

Overview

  • Rajasthan and Mumbai Police conducted a joint operation to detain the filmmaker from a Yari Road residence linked to his sister-in-law.
  • The court in Bandra granted transit remand, enabling Rajasthan Police to move him to Udaipur for further questioning and case proceedings.
  • Dr Ajay Murdia of Indira IVF filed the FIR in Udaipur, alleging he was induced to invest over ₹30 crore for a biopic and related films with promises of up to ₹200 crore in returns.
  • The complaint details agreements with VSB LLP and the formation of Indira Entertainment LLP, claims of inflated or forged vendor bills, diversion of funds, and limited film deliverables despite large transfers reported in the FIR.
  • A lookout notice issued earlier named Vikram Bhatt, Shwetambari Bhatt, and others, while Bhatt has publicly denied wrongdoing, calling the FIR misleading and the documents possibly forged.