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Mumbai Crime: Mother-daughter dupe former sheriff of Rs 1 Crore

Agreeing to help complete Bollywood film with interest-free cash finance in exchange for share in royalty lands Dr Jagannath Hegde in soup as mother-daughter producer team file complaint of unaccounted wealth with I-T dept

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Dr Jagannath Hegde

Dr Jagannath Hegde

After a lengthy court battle, a former city sheriff, who is also a dental surgeon, has won an order in his favour to get back the Rs 1 crore he had lent to a producer mother-daughter duo for their movie. The surgeon, Dr Jagannath Hegde, had financed their movie Bandhistan in August 2012, but till date, he has not received a rupee of the money promised to him.

The accused duo are mother Panchali and daughter Purnima Chakravarty of In Depth Entertaining Arts Pvt Ltd, a production house based in Andheri West. The Bhoiwada court on March 30 convicted them for dishonouring a cheque issued to Dr. Hegde, who had helped finance their movie in August 2012 through an interest-free loan of Rs 1 crore. The Chakravartys were supposed to return the money after giving post-dated cheques and a promissory note, none of which have been honoured by them to this day. They had also assured Dr Hegde a share in the royalty of the movie post its release, which never happened either.

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