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Filmmaker Vikram Bhatt and his wife Shwetambari Bhatt were arrested by the police on December 7, 2025 in reference to a Rs 30-crore fraud criticism filed by Dr Ajay Murdia, founding father of the IVF chain Indira IVF.
Filmmaker Vikram Bhatt and his wife arrested in Rs 30 crore IVF fraud case: Report
In response to the FIR registered at Bhupalpura police station in Udaipur, Dr. Murdia alleges that Bhatt, his wife, their daughter, and several other associates persuaded him to take a position over Rs 30 crore in multiple film projects, including a biopic based on his late wife’s life. The promoters allegedly promised returns as high as Rs 200 crore.
The criticism states that after initial funds were disbursed in instalments, several of the promised film projects stalled mid-way, while a number of released but without giving Dr. Murdia the agreed credits or returns. The FIR names eight accused in total: Vikram Bhatt, Shwetambari Bhatt, their daughter, and associates including a co-producer and extra intermediaries.
Vikram Bhatt has strongly denied the allegations. In an announcement to media, he called the FIR “misleading,” suggesting the documents submitted is likely to be forged. He said he was unaware of the criticism until recently. Bhatt claimed production had halted only after Dr. Murdia stopped funding, and said he has “proof, including contracts and communications,” to support his innocence.
Investigators from Rajasthan and Mumbai police at the moment are scrutinising bank statements, contractual agreements, and communications tied to the alleged investments and film projects. Authorities have indicated that further arrests could follow because the probe deepens.
Also Read : Vikram Bhatt denies Rs 30-crores fraud allegations, calls Udaipur FIR “misleading”
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