Fraud case in Mumbai court against makers of '83' starring Ranveer Singh
The much-awaited movie '83' starring Ranveer Singh is going to be released on December 24 this year on the occasion of Christmas this year. The trailer of the movie directed by Kabir Khan has also been released a few days ago. Ranveer Singh played the role of Kapil Dev in the movie based on the story of India's 1983 Cricket World Cup victory. After the release of the trailer, the expectations of the viewers about the movie have increased several times. But it has recently come to light that a company in the UAE has filed a fraud case in a Mumbai court against the makers of '83' starring Ranveer Singh.
According to a report by Bollywood Hungama, a UAE-based financing company has filed a lawsuit against Vibri Media, the production company of Ranveer Singh starrer '83', in a Mumbai court. A financing company has accused the production company of conspiracy, fraud, and fundraising for the film's production.
Citing a source in the bench, the media outlet said, "In the complaint filed, a representative of the complainant, Future Resources FZE, met with Vibri Media." In that conversation, the next of these production companies was looking for investors for big investments The complaint states that Vibri Media exaggerated its profit-loss estimates to persuade the company to invest. Based on Vibri.The media has sought investment of Rs 15.9 crore from the company. Based on that negotiation, FZE executed two agreements with Vibri Media, the Securities Subscription Agreement (SSA) and the Shareholders' Agreement (SHA), and became a shareholder. In addition, according to the agreement, Vibri Media was obliged to inform FZE of any third-party transaction and to obtain affirmative consent from FZE before executing any agreement. Agreement Despite the clause, FZE alleges that Vibri Media deliberately withheld funds from FZE and unjustly violated the terms of the agreement intended to harm FZE.
It is learned that FZE has entered into agreements with Vibri Media, Reliance Entertainment, Phantom Films, Kabir Khan, Sajid Nadiadwala, and Deepika Padukone for the production of '83' movies without their consent. The complaint further states that although the money provided by FZE was obliged to be used by the company for business purposes, the money was used to cover the personal expenses of Vibri Media directors.
Incidentally, the story of Ranveer Singh starrer ‘83’ is based on India's incredible Cricket World Cup victory. The film stars Ranveer Singh in the lead role. Other important characters include Deepika Padukone, Ammy Virk, Harrdy Sandhu, and Saqib Saleem. Earlier, the movie was scheduled to release in theaters on April 10, 2020, but the release of the movie was delayed due to Corona Epidemic. According to the latest announcement, the movie is going to be released on December 24.
