TV Actor Ram Kapoor, who was recently trolled for sweating it out in the gym has landed in a big financial mess. The Bade Acche Lagte Hain star has been accused of not repaying a loan of Rs 35 lakhs by a Colaba-based firm, Mavi Business Ventures LLP. In 2016, the actor had allegedly borrowed money from a Colaba based firm claiming he needed funds to settle his credit card dues.
On June 21, 2017, Mavi LLP lodged a complaint with the Colaba police accusing Ram Kapoor of deception and cheating. In September, the firm filed a criminal complaint against the actor with a Mumbai district court. The complaint also suggests that the money was lent to him after he claimed he needed money urgently for personal reasons.
Siddharth Srivastava, the lawyer representing Mavi Business Ventures LLP, said,
A criminal complaint with regard to the case has been filed at the Esplanade court in the matter last month.
Earlier, in May, Srivastava had sent a legal notice to Ram asking him to repay the loaned money at the earliest, failing which, the actor was told, criminal proceedings would be pursued against him. The report also states that Ram was meant to repay the money to Mavi LLP within a month of borrowing it in August 2016, at 24 percent interest per annum.
The report also states that Ram was meant to repay the money to Mavi LLP within a month of borrowing it in August 2016, at 24 percent interest per annum.
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Krishna Kumar Agarwal, co-partner, Mavi LLP said that the money was lent out in good faith and without the necessary paperwork because the actor was introduced to him by a common friend, Devang Dholakia. Agarwal added,
After waiting months for Kapoor to return the money he had borrowed from us, we had moved the Colaba police on the matter some time back. The cops told us to legally take the matter up with the courts.
When questioned about the criminal case, Ram said:
I have nothing to comment on the matter. And this is since the matter is with the authorities.
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