Vikram Bhatt, daughter Krishna booked by Mumbai Police for alleged fraud of Rs 13.5 crore

Following the registration of the case, the Economic Offences Wing (EOW) has taken over the investigation.

• Vikram Bhatt and daughter booked for alleged Rs 13.5 crore investment fraud
• EOW is investigating the case filed at Versova Police Station.
• Bhatt and wife were earlier arrested for alleged fraud in film projects.

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A case has been registered against filmmaker Vikram Bhatt and his daughter, Krishna Bhatt, at Versova Police Station after a businessman accused them of cheating him of Rs 13.5 crore.

According to the complaint filed with the police, the businessman alleged that the father-daughter duo accepted money from him by promising high returns on investments in film projects and other business ventures.

Following the registration of the case, the Economic Offences Wing (EOW) has taken over the investigation.

As reported by The Free Press Journal, the businessman claimed that Vikram Bhatt and Krishna Bhatt assured him attractive returns on investments made in cinema and allied ventures. The complaint alleges that the duo defrauded him of Rs 13.5 crore. Based on these allegations, the Economic Offences Wing registered a case against both Vikram Bhatt and his daughter at Versova Police Station.

This development comes amid earlier legal trouble for Bhatt and his wife, Shwetambari, who were arrested in December in connection with another alleged fraud case. That case originated from a complaint filed by businessman Dr. Ajay Murdia with the Udaipur Police.

According to the FIR, Bhatt, his wife, and six others allegedly promised to produce four films with a combined budget of Rs 47 crore if Dr. Murdia invested an initial amount of Rs 7 crore and provided additional funding later. The projects were reportedly projected to generate profits ranging between Rs 100 crore and Rs 200 crore.

Dr. Murdia has alleged that the invested funds were later diverted and misappropriated, leading him to approach the police. The FIR states that he was introduced to Bhatt by co-accused Dinesh Kataria during discussions about a proposed biopic on Murdia’s wife, with meetings held in Mumbai in April 2024.

Vikram Bhatt and Shwetambari were arrested in Mumbai on December 7 and subsequently brought to Udaipur, where they were produced before a court the following day. They were later remanded to seven days of police custody on December 9.

According to a latest update shared by PTI, investigators have gathered material from several locations linked to the filmmaker in Mumbai.

Also read: Vikram Bhatt fraud case: Police say evidence collected, filmmaker’s team didn’t fully cooperate

Confirming the development, Investigating Officer DSP Chagan Rajpurohit said, “We have collected evidence from the filmmaker’s locations in Mumbai. Some bills have also been found. We are ascertaining their veracity. The filmmaker’s team did not fully cooperate in the investigation.”

The registration of the fresh case at Versova Police Station marks the latest addition to a growing list of legal challenges confronting Vikram Bhatt and his family.