‘Bad Boy Billionaires: India’ is said to be based on the ‘rise and fall’ of India’s many infamous billionaires.
The show is an investigation series into the rise and fall of India’s most infamous tycoons like Mehul Choksi, Nrav Modi, Vijay Mallya, Subrata Roy, etc., who are accused of money laundering cases.
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- Last update: September 2, 2020 4:50 PM IST
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Upcoming Netflix documentary series Bad boy billionaires it has been embroiled in controversies with cases filed in at least two courts. The show is an investigation series into the rise and fall of India’s most infamous business moguls like Mehul Choksi, Nirav Modi, Vijay Mallya, who are accused in various money laundering cases.
Previously, the lower court of Bihar had prevented the creators of the series from using the name Subrata Roy. Netflix later filed a statement in the Supreme Court against the order. However, on Wednesday the high court refused to consider the statement and granted Netflix the freedom to approach the Patna High Court.
“Fired. Sorry,” said the bank headed by SA Bobde. Lead defender Mukul Rohatgi, appearing for Netflix, told the court that several petitions related to the web series are pending in various higher courts and that the higher court should transfer these matters to itself.
Mehul Choksi filed a judicial petition in the Delhi High Court calling the series “damaging to the pending legal cases against him and also to his reputation and goodwill”.
Here is a brief about some of the faces that have emerged in Bad boy billionaires and the charges they face for money laundering and fraud.
Subrate Roy:
Subrata Roy is an Indian businessman, manager worker and president of Sahara India Pariwar. Roy and two other directors were arrested for failure by the two group companies, Sahara India Real Estate Corporation (SIRECL) and Sahara Housing Investment Corp Ltd (SHICL), to comply with the August 31, 2012 order of the high court to return 25,000 rupees. crore your investors. Roy was sent to Tihar Jail by the Supreme Court on March 4, 2014 and released on parole after spending more than two years in prison on May 6, 2016 to perform the last rites of his mother. Since then he has been out of prison.
Nirav Modi:
Nirav Modi is a fugitive Indian businessman and diamond man wanted by Interpol and the Government of India in a money laundering case. He has been housed at Wandsworth Prison in southwest London since his arrest in March last year and will remain in pre-trial detention until the start of the trial on September 7, when he will appear via video link. He is facing trial in a Punjab National Bank (PNB) fraud and money laundering case worth nearly $ 2 billion. In March 2018, Modi filed for bankruptcy protection in Manhattan, New York. In June 2018, Modi was reported to be in the UK and applied for political asylum in Britain.
Mehul Choksi:
Mehul Choksi, the uncle of fugitive businessman Nirav Modi, is charged with the nearly $ 2 billion GNP scam. On August 28, the Delhi High Court had dismissed a request by Choksi for a pre-selection of Bad boy billionaires. Attorney Vijay Aggarwal who appeared for Choksi argued on fundamental rights that Choksi has the right to a fair trial and reputation and would suffer gross injustice if the Series were allowed to air with references to him and the pending legal cases against him. Choksi, the promoter of Gitanjali Gems, and his nephew Nirav Modi are indicted in the Rs 13,500 crore National Bank of Punjab fraud case. Choksi left the country last year and was granted Antigua and Barbuda citizenship. Netflix vehemently objected to his high court pre-screening petition saying it was a totally ill-conceived and mischievous request.
Vijay Mallya:
Vijay Mallya is another Indian fugitive businessman and is indicted in a bank loan default case of more than Rs 9 billion involving his defunct Kingfisher Airlines. He is currently in the UK. The 2017 high court order came in the wake of a guilty plea by a consortium of banks led by the State Bank of India (SBI), which had said Mallya had allegedly transferred $ 40 million received from British firm Diageo to their children in a “flagrant violation”. of various court orders. Mallya was also found guilty of contempt of court in 2017 for transferring $ 40 million to his children.
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