Overview
- Versova Police registered an FIR under IPC Section 420 naming Vikram Bhatt and Krishna Bhatt, and transferred the case to the Economic Offences Wing.
- The complaint, filed by Pune-based financier Shivraj Prithviraj Khawade, alleges ₹13.50 crore was taken since 2021 for film projects and distribution rights with promises of high returns.
- Investigators have collected documents and bills from locations linked to Bhatt in Mumbai and are verifying their authenticity after noting limited cooperation.
- Police are assessing whether similar inducements were used to obtain funds from other investors.
- The development follows a separate Rajasthan-led case alleging a ₹30 crore fraud that saw Bhatt and his wife arrested in December 2025, while Bhatt has publicly denied wrongdoing.