Bollywood producer files police complaint against Anand Pandit and Sandeep Singh for alleged fraud
Bollywood producer Acharya Manish has officially filed a police complaint against his colleagues, Anand Pandit and Sandeep Singh, accusing them of defrauding him of Rs 14 crore related to an investment in a film.
The complaint, submitted by Manish, reveals that in early 2019, Pandit and Singh approached him with an investment opportunity in a film. Allegedly, they provided assurances of granting Manish the first recovery rights, ensuring that he could recover his investment once the film was released.
Taking this opportunity seriously, Manish reportedly procured substantial loans and invested Rs 14 crore in the project.
However, following the movie's release, a dispute arose between Manish and Pandit, as the latter allegedly reneged on their initial agreement, failing to fulfill the agreed-upon payment.
The core of the conflict centers around financial irregularities and an apparent breach of the investment recovery agreement. Seeking resolution for the alleged fraud, Manish has taken legal action by filing a formal complaint with the police against Pandit and Singh.
