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Singh is Kinng producer loses Rs 5 crore

Posted in Entertainment

Published on November 02, 2019 with No Comments

Producer and director Vipul Shah and his business partner have filed a case against three people for allegedly cheating them of Rs 5 crore by luring them into investing in iridium business. 

The case has been registered in Maharashtra’s Nagpur district. Reportedly, the Nagpur Police’s Economic Offences Wing has arrested one person in the case. In the past, similar scams related to the ‘iridium mining business’ have been reported. According to the complaint filed by Shah, the accused had approached him and his partner in 2010, promising to invest Rs 100 crore in film production.

According to the report, the accused had told Shah and his partner that iridium is in great demand for its “supernatural powers” and that even the defence forces need it. 

They allegedly offered Shah an opportunity to invest in this business. Shah also revealed that he and his partner travelled all across the country with the accused, spending their money and even transferring some money to the accused, in connection with the ‘business’ before they realised that they were being cheated. 

 

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