Vikram Bhatt Denies ₹30 Cr Fraud, Alleges ‘Forged Documents’ Misled Udaipur Police in Film Finance Row
Bollywood Director Vikram Bhatt Slams ₹30 Crore Fraud Case, Claims FIR is ‘Completely Misleading’
Veteran Bollywood filmmaker Vikram Bhatt has been plunged into a massive legal controversy after an FIR was lodged against him and eight others, including his wife Shwetambari Bhatt, in Udaipur, Rajasthan. The complaint alleges a ₹30 crore fraud related to a failed film investment deal. However, in a blistering counter-narrative that forms the core of this breaking news development, the Raaz director has not only vehemently denied the allegations but has also gone on record to suggest that the Rajasthan Police are being ‘misled’ by potentially ‘forged’ or ‘fabricated documents’ presented by the complainant.
The development has sent shockwaves through the film industry, pitting a prominent Bollywood name against a respected medical professional, Dr. Ajay Murdia, the founder of Indira IVF. As the Bhupalpura police officially launch their investigation into the high-stakes financial dispute, Bhatt’s strong denial and counter-allegation of deceit on the part of the complainant mark a significant turn in the unfolding legal drama.
The Complainant’s Claim: A Dream Project Gone Sour
The case stems from an agreement between Vikram Bhatt’s company and Dr. Ajay Murdia of Udaipur. According to the FIR, the doctor was allegedly lured into investing a substantial sum—reportedly over ₹30 crore—into a film production deal. The central emotional hook of the project was a proposed biopic dedicated to Dr. Murdia’s late wife, which was part of a four-movie contract.
As per the complaint lodged at the Bhupalpura police station, Dr. Murdia was allegedly promised extraordinary returns—specifically, a massive profit of ₹200 crore—on his investment. The core of the fraud allegation rests on the production company’s alleged failure to deliver on the contractual promises. Superintendent of Police (SP) Udaipur, Yogesh Goyal, confirmed that the complaint alleges the production house failed to produce the movies as per the contract. Furthermore, two movies that were completed were allegedly not rightfully attributed, and the highest-budget movie was never even initiated.
The FIR names Vikram Bhatt, his wife Shwetambari Bhatt, his daughter Krishna Bhatt, and five others, including local contacts Mehboob and Dinesh Kataria, as co-accused in the case of cheating and financial wrongdoing.
Bhatt’s Aggressive Denial: ‘Police is Being Misled’
Vikram Bhatt’s response to the allegations has been swift and categorical, dismissing the entire FIR as baseless and incorrect. He told news agencies that he was only informed of the FIR on Monday (November 17, 2025), claiming he had yet to receive any official letter or notice regarding the matter.
His primary and most serious counter-allegation is that the complainant has actively misled the authorities. “I read the entire FIR. Now, to be honest, I feel that the Rajasthan Police is being misled,” he stated.
Bhatt went further, questioning the integrity of the documents potentially used to register the case. “The things written in the complaint are absolutely wrong. It seems obvious that some forged or fabricated documents have been created to support these accusations. I don’t know what exactly has been presented, but something has clearly been used to mislead the authorities.” This is a significant escalation, shifting the legal focus from a contract breach to a potential fabrication of evidence.
Questioning the Logic: The ₹200 Crore Factor
In his defense, the filmmaker also targeted the claimed financial motive behind the alleged fraud, questioning the logic presented in the FIR. He highlighted the vast difference between the invested amount and the promised return. “They say that out of greed for ₹200 crores, I made a scam of ₹30 crores. If they have told this to the police, then surely they must have some documents, some paperwork. Otherwise, the police don’t do such things. So, if that is the case, then it is forged. It cannot be,” he asserted. This line of reasoning attempts to undermine the motive attributed to him in the complaint.
Bhatt also provided a specific counter-narrative regarding one of the stalled projects, mentioning a complication involving an IPO (Initial Public Offering). He suggested that a planned film premiere was impacted because it was allegedly for ‘personal promotion’ and therefore against SEBI rules, which led the complainant to push their IPO instead of releasing the film. This indicates that the filmmaker is prepared to bring contractual and financial evidence into the public sphere to defend himself.
The Legal Crossroads: Investigation Underway
The case has officially been registered under relevant sections of the Indian Penal Code (IPC) and is now a matter of ongoing police investigation. Udaipur SP Yogesh Goyal confirmed the details of the FIR and assured that the police are examining the case thoroughly and that “action will be taken appropriately.”
The police’s next steps are expected to involve a detailed review of all contractual agreements, financial transaction records, and communication logs related to the film projects. This will be crucial in determining the veracity of both the complainant’s claims of being defrauded and the filmmaker’s counter-claims of being misled by fabricated paperwork. The investigation is likely to focus on whether the failure to deliver on the contract was due to genuine business hurdles or whether it was a case of intentional deception and financial misconduct.
Industry Impact and the Road Ahead
The controversy underscores the high financial risks and frequent disputes that plague the often-opaque world of film financing. For a veteran like Vikram Bhatt, known for successful horror and thriller franchises, the accusation of fraud is a significant stain on his professional reputation, regardless of the eventual outcome. His vigorous defense, which includes an allegation of document forgery, signals a high-stakes legal fight rather than a quiet settlement. The entertainment industry will be closely watching the Rajasthan police investigation to see what light it sheds on the contractual obligations and financial dealings at the heart of this ₹30-crore dispute.
Frequently Asked Questions (FAQs)
Q1: What is the main allegation against Vikram Bhatt?
A: The main allegation is a ₹30 crore fraud. Dr. Ajay Murdia of Udaipur alleges that he was duped into investing this amount in a film production deal with Vikram Bhatt’s company, which included a contract for four movies and a promised return of ₹200 crore. The complainant claims the company failed to deliver on the contract, including non-attribution and failure to start the highest-budget project.
Q2: Who else is named in the FIR?
A: The FIR names eight others in addition to Vikram Bhatt, including his wife Shwetambari Bhatt and his daughter Krishna Bhatt, along with local contacts Mehboob and Dinesh Kataria.
Q3: What is Vikram Bhatt’s primary defense to the fraud allegations?
A: Vikram Bhatt has vehemently denied all allegations, calling the FIR “misleading” and asserting that the Rajasthan Police are being “misguided.” His core defense includes the claim that he has not received any official notice and, most critically, that the complaint may involve “forged or fabricated documents” created to support the false accusations.
Q4: Where was the FIR registered?
A: The FIR was lodged at the Bhupalpura police station in Udaipur, Rajasthan.
Q5: What is the current status of the case?
A: The case is currently under investigation by the Rajasthan Police. Udaipur SP Yogesh Goyal confirmed that an investigation is ongoing to examine the contract, financial transactions, and allegations made by both the complainant and the filmmaker.
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