Mumbai: A major financial dispute linked to the film industry has surfaced in Mumbai, with the Versova Police registering a cheating case against actor Vikram Bhatt and his daughter, Krishna Vikram Bhatt, over an alleged ₹13.5 crore fraud.
According to police officials, the case has now been handed over to the Economic Offences Wing (EOW) due to the large sum involved and the nature of the transactions.
What the Complaint Says
The complaint was filed by Shivraj Pushkaraj Khavade, a Pune-based film industry professional, who alleged that he was induced into investing a massive amount of money after being assured of film distribution opportunities.
As per the FIR, meetings between the complainant and the accused reportedly took place at a residential flat in Andheri West. During these interactions, Khavade claims he was promised lucrative film distribution assignments and business partnerships within the industry.
Between June 2021 and January 2026, the complainant allegedly transferred ₹13.50 crore to the accused, believing the assurances made to him.
Money Taken, Work Not Delivered
Police sources stated that despite receiving the full amount, neither were the promised distribution rights granted nor was the money returned. Repeated follow-ups by the complainant reportedly yielded no results, prompting him to approach the police.
After preliminary verification, the Versova Police registered a cheating case and transferred the probe to the EOW for a detailed financial investigation, including tracking fund movement and examining agreements, if any.
Investigation Underway
Officials confirmed that the Economic Offences Wing will now conduct a deeper probe to determine the role of each accused, verify transaction trails, and examine whether similar complaints exist.
