MUMBAI: A fresh police case in Mumbai has added another layer to the legal troubles facing filmmaker Vikram Bhatt, extending a trail of financial allegations that now spans multiple states, agencies and business ventures, with investigators focusing on documents, money flows and prior complaints.
A New Complaint in Mumbai
A case registered at Versova Police Station has accused filmmaker Vikram Bhatt and his daughter, Krishna Bhatt, of cheating a businessman of ₹13.5 crore. According to the complaint, the businessman alleged that he was induced to invest substantial sums after being promised high returns linked to film projects and other business ventures. When the promised returns failed to materialise, he approached the police.
Following the registration of the case, the Economic Offences Wing (EOW) has taken over the investigation. Officials said the probe would focus on financial transactions, agreements and other documentary records related to the alleged investments. The Versova case marks the latest addition to a growing set of legal proceedings involving the filmmaker and members of his family.
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The Rajasthan Case and Earlier Arrests
The Mumbai development follows arrests made in December 2025 by Rajasthan Police, who took Vikram Bhatt and his wife, Shwetambari, into custody in connection with an alleged ₹30 crore fraud. That case stemmed from a separate complaint accusing the couple of financial wrongdoing linked to another business venture.
Rajasthan Police officials said the accused were arrested in Mumbai and transported to Udaipur for legal proceedings. After their arrest, authorities conducted medical examinations and continued issuing notices to additional suspects as part of the broader investigation.
Investigators in Rajasthan have stated that their inquiry has centred on examining documentary evidence and tracing the flow of funds associated with the alleged transactions.
Focus of the Investigations
Across both cases, officials have indicated that the emphasis remains on financial records rather than public statements. Bank transfers, investment agreements and related documentation are being scrutinised to establish how funds were raised, routed and used.
In the Rajasthan matter, police sources said notices had been sent to other individuals connected to the case, suggesting a widening probe. In Mumbai, the EOW is expected to follow a similar approach, examining whether the investments cited in the Versova complaint were backed by formal contracts and how the funds were deployed. No public findings have yet been disclosed by investigators in either state.
A Pattern of Legal Challenges
The registration of the Versova case underscores what officials describe as a series of legal challenges now confronting Vikram Bhatt and his family. While the allegations span different complainants and business arrangements, both cases involve claims of promised financial returns that were allegedly not delivered.
Authorities have stressed that the investigations are ongoing and that the accused will have the opportunity to present their version during legal proceedings. For now, the focus remains on reconstructing financial trails and assessing documentary evidence as the cases move forward through the criminal justice process.
