Bollywood Stars Face Legal Action in Major Fraud Case

Veteran Bollywood actors, including Govinda, Chunky Panday, Shakti Kapoor, and Raza Murad, have been implicated in a significant fraud case linked to an investment firm accused of defrauding its investors. The allegations suggest that the actors, along with Bharatiya Janata Party (BJP) Member of Parliament and actor Manoj Tiwari, were involved with Maxizone Touch Private Limited, based in Ghaziabad. The First Information Report (FIR) was filed in Jamshedpur, Jharkhand, following a local court’s directive.

The complaint alleges that the actors enticed unsuspecting individuals to invest in the firm by promising an enticing 15% monthly interest. One investor reportedly placed over ₹30 lakh into the company, which subsequently failed to deliver the promised returns, leading to the investors seeking legal recourse.

On Friday, the Jamshedpur court mandated the application of provisions related to cheating and criminal conspiracy against the named celebrities. This legal action forms part of a broader investigation into the activities of Maxizone Touch Private Limited.

Details of the Fraud Case

According to reports by India Today, Maxizone Touch Private Limited allegedly operated a fraudulent multi-level marketing scheme. The firm attracted investments by promising high returns and lucrative referral incentives, managing to mobilize unauthorized deposits exceeding ₹307 crore through at least 21 bank accounts.

The Enforcement Directorate (ED) has been actively investigating the firm. Recently, they arrested Chander Bhushan Singh and his wife, Priyanka, both directors of Maxizone Touch. They are accused of orchestrating a scheme that deceived many individuals, leading to significant financial losses.

The involvement of popular figures from the film industry raises questions about the responsibility of celebrities in endorsing investment opportunities. As the case unfolds, the implications for those named in the FIR could be substantial, not only legally but also in terms of public perception.

The matter reflects broader concerns about investment fraud in India, particularly in schemes that attract vulnerable investors with promises of high returns. As authorities continue their investigation, many will be watching closely to see how this case develops and what it means for those involved.