Vikram Bhatt, wife arrested in Rs 30-crore fraud case
Filmmaker Vikram Bhatt and his wife Shwetambari Bhatt were arrested on December 7, 2025, following a fraud complaint worth around Rs 30 crore filed by Dr Ajay Murdia, founder of the Indira Group. The FIR was registered at Bhupalpura police station in Udaipur.
What the FIR alleges
The complaint claims Bhatt, his wife, their daughter and several associates persuaded Dr Murdia to invest in multiple film projects — including a proposed biopic on his late wife — with promises of returns reportedly as high as Rs 200 crore. According to the FIR, instalments were paid but several projects stalled midway; a few that released allegedly did not deliver the agreed credits or financial returns.
- The FIR names eight accused: Vikram Bhatt, Shwetambari Bhatt, their daughter, a co-producer and other intermediaries.
- Dr Murdia says projects were promoted to secure investments and that commitments were not honoured.
Vikram Bhatt’s response
Vikram Bhatt has strongly denied the allegations, calling the FIR “misleading” and suggesting some submitted documents could be forged. He said he only recently became aware of the complaint and maintained that production work stopped after Dr Murdia stopped funding. Bhatt also said he has contracts and communications that will prove his side of the story.
Ongoing probe and next steps
Investigators from both Rajasthan and Mumbai police are now examining bank statements, contractual agreements and communications tied to the alleged investments and film projects. Authorities have indicated the probe is active and that further arrests may follow as more evidence is reviewed.
The case brings fresh attention to financial transparency in film financing and will be watched closely by the industry as legal proceedings unfold.
