Palash Muchhal responds to Rs 40 lakh fraud accusations by Sangli man: "Malicious intent to tarnish my reputation"

According to a complaint filed with the Sangli district police on Wednesday evening, Palash has been accused of cheating a Sangli-based man of Rs 40 lakh.

• Palash Muchhal denies Rs 40 lakh fraud claims, calls them baseless and malicious.
• Vaibhav Mane alleges Palash took money for a film project but did not repay
• Police complaint filed; Palash's lawyer to pursue legal action

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Music composer Palash Muchhal recently found himself at the centre of a controversy after being accused of involvement in an alleged Rs 40 lakh financial fraud case in Sangli, Maharashtra.

On Friday, Palash addressed the allegations and firmly denied the claims and described them as “baseless.” Sharing a statement on his Instagram Story, he responded directly to the accusations and wrote, "In light of the allegations made by Sangli-based Vidnyan Mane on social media, I wish to state that these claims against me are entirely baseless and factually incorrect."

He further alleged that the accusations were motivated by malice and intended to damage his reputation. Elaborating on the same, Palash stated, "They have been made with malicious intent to tarnish my reputation, and they will not go unchallenged. My lawyer, Shreyansh Mithare, is exploring all legal avenues, and this matter will be dealt with strictly through the appropriate legal channels," he added.

According to a complaint filed with the Sangli district police on Wednesday evening, Palash has been accused of cheating a Sangli-based man of Rs 40 lakh.

The complaint states that Vaibhav Mane, a film financier by profession and a childhood friend of Indian cricketer Smriti Mandhana, was introduced to Palash Muchhal by Mandhana’s father, Srinivas Mandhana, during the composer’s visit to Sangli.

As per The Times of India, the complainant has alleged that Palash accepted money from him for the production of a film but failed to return the amount after the project did not take off. Vaibhav Mane reportedly submitted documents and transaction details along with his complaint to the Superintendent of Police.

The complaint states that Palash approached Vaibhav with a proposal to invest in a film called Nazariya. He reportedly promised the financier a quick release on an OTT platform and a fast return on investment. After several meetings, the complainant stated that by March 2025, he had invested a total of Rs 40 lakh in the project.

However, even after a long wait, the film allegedly remained unfinished. The complaint notes that no repayment was made and that Vaibhav did not receive any satisfactory replies from Palash when he repeatedly asked for his money back.

Also read: Palash Muchhal accused of cheating Sangli financier of Rs 40 Lakh; police probe underway

The situation reportedly worsened when Palash allegedly blocked Vaibhav’s phone number, which led Vaibhav to go to the police and file an official complaint.

Palash Muchhal has also been in the public eye in recent times following the cancellation of his wedding with Indian cricketer Smriti Mandhana.