In a stunning development, filmmaker Vikram Bhatt, currently jailed in Udaipur over a massive 30 crore fraud, faces escalating legal woes. Versova police have filed a cheating case against him and his daughter Krishna for allegedly duping a businessman of 13.5 crores under the guise of film investments. The Economic Offences Wing has seized control for a rigorous investigation.
The complainant claims Bhatt Jr. and Sr. promised stellar profits on movie ventures, pocketing the funds without recourse. No returns, no films—just vanishing cash. This marks the second high-profile financial misconduct allegation in quick succession.
The backdrop involves Indira Group’s Dr. Ajay Murdia, whose empire spans IVF clinics nationwide. Eager for a biopic on wife Indira plus four films, he handed over 44.29 crores post-contract. Incomplete shoots and evasive responses led to Bhatt’s December arrest alongside his wife.
Judicial custody followed, with bail rebuffed despite medical pleas. The couple eyes Jodhpur High Court relief. Meanwhile, the new case peels back layers of Bollywood’s shadowy dealings, where big names exploit investor trust.
Experts call for foolproof mechanisms in entertainment financing to avert such debacles. As EOW unravels the 13.5 crore mystery, Bhatt’s legacy hangs in balance—will justice prevail, or will appeals rewrite the script?