Popular filmmaker Vikram Bhatt and his daughter, Krishna Bhatt, are reportedly facing serious legal trouble after a case of financial fraud was registered against them at Mumbai’s Versova police station. A businessman has accused the duo of cheating him of crores of rupees under the pretence of investment.
The case, reportedly linked to investments in movie productions and promises of substantial returns, has now taken a significant legal turn. According to Aaj Tak, the matter began with a complaint filed by a businessman who alleged that Vikram Bhatt and Krishna Bhatt took a large sum of money from him.
According to the complainant, the Bhatt family persuaded him to invest in cinema and other projects, promising him handsome profits. However, as time went on, he was neither given the promised returns nor his original investment.
As per the police complaint, the alleged fraud involves an amount of around ₹13.5 crore. The businessman has claimed that Vikram Bhatt and his daughter extracted this substantial sum through a well-planned conspiracy and later went back on their assurances. Upon realising that he had been duped, the victim approached the police. Taking note of the gravity of the allegations, the Versova police registered an FIR in the matter.
Given the serious nature of the case, the investigation has been handed over to the Economic Offences Wing (EOW) for further investigation, shortly after the FIR was registered at the Versova police station.
Notably, this is not the first time that Vikram Bhatt was subjected to such serious allegations. Several outlets had reported that in December last year, he and his wife, Shwetambari Bhatt, were arrested by the Rajasthan Police in connection with an alleged fraud case involving nearly ₹30 crore.