Film producer Vipul Shah duped of 5 cr in iridium scam

Agencies
October 26, 2019

Nagpur, Oct 26: A case has been registered here against three persons for allegedly cheating film producer-director Vipul Shah and his business partner of Rs 5 crore by luring them into investing in `iridium business'.

The Nagpur Police's Economic Offences Wing has arrested one person in the case, an official said on Friday.

Similar scams related to the so-called iridium mining business have been reported in the past too.

Vipul Shah is the producer of many Bollywood films including "Singh Is King", "Commando" and "Force".

According to his complaint, the accused approached him and his partner in his film production house, Vinit Singh, sometime in 2010, promising to invest Rs 100 crore in film- production.

The accused told Shah and his partner that they were in the lucrative business of collecting antiques and British- era coins which contain iridium, a rare metal.

Iridium is in great demand for its `supernatural powers' and even the defence forces need it, the accused told Shah and his partner.

They allegedly offered Shah and Singh an opportunity to invest in this business.

Shah said in his complaint that he and his partner travelled all across the country with the accused, spending their own money and even transferring some money to the accused, in connection with the so-called business before they realized that they were being taken for a ride.

They had spent around Rs 5 crore during these travels, Shah told the police.

After Shah lodged a complaint at Ambazari police station here (as he had met the accused for the first time in Nagpur), the EOW arrested one Raj Singh under IPC section 420 (cheating) and other relevant sections.

Two other accused in the case are yet to be arrested.

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Agencies
February 5,2020

Chennai, Feb 5: Income Tax sleuths on Wednesday raided top Tamil film actor Vijay's residence here besides conducting simultaneous searches at several premises linked to a film production house, movie financier and distributors in connection with suspected tax evasion.

The searches, which began in as many as 38 locations in Tamil Nadu, were still on and unaccounted cash of about Rs 25 crore was seized from the premises of a Tamil film financier who had faced allegations of intimidation and arm-twisting to recover money, official sources told PTI.

Also, several documents indicating substantial tax evasion has been seized, sources added.

Vijay, who was away in Cuddalore district for a film shoot, was apprised by authorities about the searches and he was en route to his residence here, they said.

So far nothing has been recovered from the actor's house and the inmates were cooperating with authorities in conducting the searches, sources said.

Raids were also on in the premises of the production house that had made Vijay's hugely successful recent Tamil movie 'Bigil.'

Further details are expected after completion of searches which is likely to continue tomorrow.

The State police has been providing security for carrying out the searches.

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News Network
June 19,2020

New Delhi, Jun 19: With the demise of Bollywood actor Sushant Singh Rajput stirring a debate on nepotism in the film industry, singer Sonu Nigam on Thursday spoke out on the "mafia" of the Indian music industry.

Nigam shared a 7-minute-long Vlog (video blog) on his YouTube channel where he is seen talking about roadblocks in the career of the newcomers created by big music labels and in turn urged them to be kind.

"I want to request everyone and especially our music companies to be kind because today an actor - Sushant Sigh Rajput - has passed away, tomorrow you can hear the same about a singer or a composer or a lyrics writer because unfortunately there is a bigger mafia in the music industry than the film industry," the 46-year-old musician said.

He then talks about how the young and struggling musicians are distressed because of the monopoly of "only two music companies" in the industry that rule and decide everything.

"I came into the industry years ago and at a younger age so I didn't fall in the trap but this new generation is going through a lot," he said.

"They are distressed because the composer would want to work with them, the producer and director would want to work with them but the music company would say 'no this is not our artist.' This is not right that the power is in just two hands - two music companies only - they will decide who will sing who will not sing," he added.

He then stressed on the fact that he is completely out of the music industry but the situation is very grim for the newcomers.

"I am out of it and neither do I have any wish to sing since the last 15 years, I am very happy in my own world but I have seen the frustration in the eyes, in the voice and in the words of new singers, new composers, new lyric writers," he said.

"They cry and if they attempt suicide you too will have to answer the questions. Be a little kinder please, to the newcomers because they are Gandharva (skilled singers), please be a little easy on them," he added.

Nigam then shared a personal experience and without naming anyone described how a powerful actor from the Bollywood industry had control over the music world too.

"It might happen with me that the song I am singing and the same actor who is being questioned these days would say 'don't make him sing' as he has deals with Arijit Singh. So, how can you use your power like that?" he said.

"You call me, ask me to sing, and then get my song dubbed. This is funny especially because I have been working since 1991 in Bombay, I have been working since 1989 in the music industry and if you do this with me then what will you do with the young generation," he added.

The 'Aal Izz Well' singer ended the Vlog urging the big music labels to be "a little more chill" and humane towards the younger lot and warned that the distress might cause the newcomers to attempt suicide.

"Guys you need to chill a little, be a little humane. Please don't torture the younger ones, please step into their shoes, they need you, they need your help, they need your kindness," he said.

"Even directors and producers are not happy because they are not being allowed to make the music that they wish to. This is not right. Creativity should not be only in two hands. Be kind so that more people do not suicide," he added.

The alleged suicide of Sushant Singh Rajput has led to a lot of controversies in the entertainment industry. The investigations in the matter are still underway.

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News Network
June 22,2020

New Delhi, Jun 22: Musician Madonna, who is a mother of six, wished herself on the occasion of Father's Day on Sunday by posting adorable pictures with her kids.

Along with pictures, the 'Crazy For You' singer penned down a beautiful caption, wishing herself and every parent a 'Happy Father's Day' for nurturing and guiding their children in the best way possible.

"Happy Fathers Day to Me and to every parent out there doing their best to Nurture, Guide, Inspire, and Teach! #Lola #Rocco #David #Mercyjames #Estere #Stella," the 61-year-old singer wrote in the caption.

Madonna is the biological mother to two of her six children and has adopted the rest four.

She had adopted her first child Davida Banda back in 2006 and then she adopted a boy in 2009. The last addition to her family were the twins she adopted from Malawi.

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