Madhav Gopal Agrawal:Bollywood actor Rajpal Yadav has got interim bail from Delhi High Court in a loan case of Rs 9 crore. Earlier on February 12, the court had refused to grant bail, but in the hearing on February 16, he was given relief. After this, he is being released on interim bail on Friday. Businessman Madhav Gopal Aggarwal has also broken his silence in this matter.
Who is businessman Madhav Gopal Agarwal?
He told in an interview that he met Rajpal Yadav through MP Mithilesh Kumar Kathariya. According to Aggarwal, at that time Rajpal Yadav had said that the film Bhool Bhulaiyaa was almost completed and if money was not arranged immediately, the project would be affected. After this, he allegedly raised money from somewhere else and lent Rs 5 crore.
Madhav Gopal Aggarwal is said to be the director of Delhi-based Murli Projects Private Limited. It is alleged that Rajpal Yadav had taken a loan of Rs 5 crore from this company for the production of his film Ata Pata Laapata. The budget of the film was said to be around Rs 11 crore.
How did Rajpal go bankrupt?
However, after its release in 2012, the film failed miserably at the box office and could only earn around Rs 37 lakh. This is where the financial dispute started. Aggarwal alleges that Rajpal Yadav had taken a loan from him and later the check given for payment bounced.
On the other hand, Rajpal Yadav has been claiming that this amount was given as investment and the businessman wanted to launch his grandson as a lead actor in the film. At present the matter is in the judicial process and only in the further hearing it will be decided whether the disputed amount was a loan or an investment.
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