The Vikram Bhatt fraud case has taken a sharp turn after the Bollywood filmmaker’s arrest in Mumbai. Rajasthan Police, along with Mumbai Police, moved quickly to detain him in connection with an alleged ₹30 crore cheating scheme. The complaint comes from Udaipur-based businessman and medical expert Dr Ajay Murdia, who claims Bhatt and his team convinced him to invest in multiple film projects with the promise of huge returns.
Vikram Bhatt Fraud Case: How the Investment Deal Began
Dr Murdia says he trusted Vikram Bhatt because of the filmmaker’s industry reputation. Bhatt, his wife Shwetambari, and a group of associates allegedly offered him four film projects. According to the complaint, they promised large profits and assured him that one of the films would be a tribute to his late wife. These promises convinced him to release more than ₹30 crore over time. However, no film moved into production, and no returns followed. The businessman then approached the police.
Police Action and Arrest in the ₹30 Crore Scam
A team reached Mumbai and located Bhatt at a residence in the Yaari Road area. Officers detained him after verifying the complaint details. They will now request transit remand from a Mumbai court so they can take him to Rajasthan for further questioning. The FIR names eight people, including Bhatt, his wife, his daughter, and several associates linked to the investment plan.
Bhatt Responds to the Allegations
Before his arrest, Vikram Bhatt denied every accusation. He said the police misunderstood the situation and insisted he never misled anyone. He also explained that he learned about the FIR only through a news report and a message from a friend. His legal team is preparing their response as the investigation continues.
What Happens Next in the Vikram Bhatt Fraud Case?
The Rajasthan Police will move forward with detailed questioning. They will also examine the financial trail behind the alleged scam. More statements may be recorded, and more evidence could surface in the next few days. The case has already triggered major debate within the film industry, as investors demand stronger protections for private film funding.
