The ₹30 crore fraud case linked to Bollywood filmmaker Vikram Bhatt has taken a new turn with the arrest of his co-producer Mahboob Ansari from Mumbai. The accused was brought to Udaipur on November 18 and remanded to police custody till November 23. Despite efforts, the police have been unable to locate Vikram Bhatt and other key accused involved in the case.
Accused Include Vikram Bhatt’s Family and Industry Associates
Along with Vikram Bhatt, the FIR names his wife Shwetambari Bhatt, daughter Krishna Bhatt, and other associates including Dinesh Kataria of Udaipur, Mudit Buttan of Delhi, Gangeshwarlal Srivastava, and Ashok Dubey, general secretary of the Federation of Western India Cine Employees. Dr. Ajay Murdia, founder of Indira IVF, has alleged that the group duped him after promising ₹200 crore profits from planned films.
Allegations of Fund Diversion and Abandoned Projects
Dr. Murdia’s complaint alleges that Bhatt, his wife Shwetambari Bhatt, daughter Krishna Bhatt, and several others, including industry associates and senior officials from the Federation of Western India Cine Employees, misled him with promises of substantial returns—up to ₹200 crore—through multiple film projects. These included a biopic on Dr. Murdia’s late wife, Indira IVF founder. Despite significant investments totaling over ₹44 crore, many projects were either abandoned or completed without crediting the complainant. Bhatt has denied wrongdoing, suggesting production slowdowns stemmed from payment issues on Dr. Murdia’s part and claims some documents against him are counterfeit.
