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Anticipatory Bail Denied to Three Booked for Allegedly Misappropriating ₹4 Crore From Funds for Kartik Aaryan and Karan Johar's Naagzilla

The court found prima facie evidence of Rs 3.92 crore misappropriation and said custodial interrogation was needed for the fraud probe.

  • On Wednesday, a Mumbai sessions court denied anticipatory bail to three production executives accused of misappropriating over Rs 3.92 crore during the making of Naagzilla.
  • Consultant Kuldeep Singh Champawat, executive producer Mahipal Karan Rathore, and line producer Shivkumar Tiwari allegedly bypassed Standard Operating Procedure, incurring Rs 3.92 crore in unaccounted expenses without submitting requisite bills.
  • Police submitted that the trio inflated a vendor bill to Rs 1.30 lakh, paid Rs 45,000 to ANM Global for services never rendered, and cleared over Rs 1.50 lakh in fabricated bills with a production assistant.
  • Additional Sessions Judge M Mohiuddin ruled that prima facie material exists against the executives, determining custodial interrogation is necessary for detailed investigation into the alleged misappropriation.
  • Produced by Dharma Productions and Mahaveer Jain Films, Naagzilla stars Kartik Aaryan and is scheduled for release on February 12, 2027.
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rediff.com broke the news on Thursday, October 29, 2026.
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