Digital Desk, New Delhi. The Central Bureau of Investigation (CBI) has registered an FIR against Bollywood producer Bunty Walia and others in a loan fraud case. An official gave this information on Sunday.
IDBI Bank has alleged that the loan was taken for the Sanjay Dutt starrer film Lamha.
The FIR has been registered after CBI received a complaint from IDBI Bank. Bunty Walia and Steny Saldanha have been named as accused in the FIR. The CBI said G.S. The FIR has been registered in connection with misappropriation of funds and criminal breach of trust by Entertainment Private Limited (GSEPI), and its directors and promoters.
Foreign Currency Loan (FCL) of $2.35 million (then equivalent to Rs 1,000 lakh) and Rupee Term Loan (RTL) of Rs 495 lakh in June 2008 under the Film Finance Scheme for the production of the Hindi film Lamha directed by GSEPL was approved. The film stars Rahul Dholakia as the star cast alongside Sanjay Dutt, Bipasha Basu and Kunal Kapoor in lead roles.
As per the original schedule, the film was to be released in May 2009. The release of the film was delayed due to a dispute between the promoters and the exhibitors from March 2009. As a result, the account turned NPA on September 30, 2009.
Since GSEPL failed to release Lamha, IDBI Bank has issued a notice to PVR Pictures Pvt. Ltd. (PVR), as the sole distributor for the worldwide release of the film, subject to execution of a suitable tripartite agreement between GSEPL, PVR and IDBI Bank, as well as Rs.800 lakhs to be met by PVR as required There is also a commitment to invest an amount of Rs.
Disclaimer: This news is automatically published by auto feeds. No change or editing has been done by BhaskarHindi.com team in this news. The full responsibility of this news and the materials used in the news is only and only of the news agency and before using the information given in this news, the experts of the concerned field (Lawyer / Engineer / Astrologer / Vastu Shastri / Doctor / News Agency Do take advice from other subject experts. Therefore, regarding the related news and text matter, photos, videos and audios used BhaskarHindi.com The news portal does not have any responsibility.