Director Vikram Bhatt, Wife Arrested in ₹30 Cr Biopic Fraud

• Veteran Bollywood director Vikram Bhatt and his wife have been arrested in a ₹30 crore fraud case.
• Dr. Ajay Murdia, founder of Indira IVF, accused Bhatt of defrauding him by promising to make a biopic on his late wife.
• Murdia alleged he invested ₹30 crore for the biopic project, but no work began, and the money was not returned.
• The Bhatt couple was arrested from Mumbai and sent to Rajasthan on transit remand for investigation by Udaipur police.
• Other individuals, including Mehboob Ansari, Dinesh Kataria, and Sandeep Vishwanath, are also named in the FIR, with two already arrested.

Why It Matters: Bollywood director's arrest for ₹30 crore fraud highlights industry financial risks.