Vikram Bhatt, Wife Shwetambari Denied Bail Again in Rs. 30 Cr Fraud Case

• Filmmaker Vikram Bhatt and wife Shwetambari Bhatt's bail plea rejected for the second time by a Mumbai court in a Rs. 30 crore fraud case.
• The couple was arrested earlier this month following a complaint alleging financial irregularities and fraudulent diversion of funds for a film project.
• Court cited prima facie evidence and the need for custodial interrogation to prevent evidence tampering, as the investigation is at a crucial stage.
• Accusations involve misleading investors regarding film financing and returns, leading to alleged losses of around Rs. 30 crore.
• Their legal team plans to move to a higher court after the second rejection, with a previous medical bail plea also denied on December 16.

Why It Matters: Vikram Bhatt and wife remain in custody as court denies bail again in Rs. 30 Cr fraud case.