Film producer Prerna Arora charged with money laundering, charged with Rs 31 Cr fraud

A money laundering case has been filed against film producer Prerna Desai. On Wednesday, news agency ANI reported that the Directorate of Law Enforcement (ED) had filed a complaint against Desai and charged her with fraud of Rs 31 crore. It was also reported that although the producer was summoned by the agency on Wednesday, she did not appear and her lawyer asked for ED time.

“The money laundering case against Bollywood producer Prerna Arora is ₹31 crore… ED summoned her today but she did not show up as she is not in Mumbai. On his behalf, his lawyer reached the ED office and asked for time,” the ANI tweet read.

Prerna Arora was also arrested in 2018 by officers from the Economic Offenses Wing (EOW). At the time, she was accused of cheating film producer Vashu Bhagnani and Pooja Entertainment out of Rs 31.6 crore. Apparently, Arora was charged under Sections 420 (cheating) and 120B (criminal association) of the ICC. At that time, Prerna was the director of the film production house, KriArj Entertainment Private Limited. Prerna along with fellow accused KriArj co-owners Arjun N Kapoor and Pratima Arora allegedly coerced Vashu into financing the Padman and Kedarnath films.

Plaintiffs Vashu Bhagnani and Pooka Entertainment claimed to have suffered unjustified losses amounting to Rs 31.6 crore due to the alleged illegal transfer of rights. Apparently, Prerna had pledged the first post-release income claim to Vashu, but had also sold the same to other organizations.

As quoted by E-Times, the film producer also released a clarification in 2019 when she said, “Every company has losses, but you cover them by making other films. Newcomers need time to settle in, but I never had that space. I started with Rustom and I signed films one after the other. I admit I made mistakes. I should have slowed down and learned more, but the intention was never to run off with someone’s money…I want to apologize to everyone I’ve angered. I will work hard and do my paperwork properly here.

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