Vashu Bhagnani makes explosive allegations against Ali Abbas Zafar

Vashu Bhagnani has escalated his legal dispute with director Ali Abbas Zafar by alleging that funds tied to Bade Miyan Chhote Miyan were routed through benami and offshore entities and used for money-laundering. Bhagnani publicly named a company called Jolly Jumper Films LLC, which he says is registered in Abu Dhabi but allegedly operated from Andheri, Mumbai, and claimed that payments and subsidies connected to the shoot were channeled through that entity.

He accuses Zafar and two associates of inflating budgets, fabricating invoices and misappropriating subsidy payments. Vashu Bhagnani has also said that he will take the matter to economic crime authorities if routine investigative leads do not produce satisfactory financial records. Zafar has in the past denied any wrongdoing and has filed his own legal claims over unpaid fees. The matter is now the subject of parallel civil and criminal proceedings and remains under investigation.

Talking about the whole episode, Bhagnani said: “See, basically, Ali Abbas Zafar and Himanshu Mehra run two companies called AAZ Films. We collaborated on a film, where my role was to provide the capital, while they were responsible for production and direction. It was mutually agreed how much the film would be made for, and I had no interference in their work. Later, I came to know they also have a company in Abu Dhabi called Jolly Jumper, which is associated with Ali Abbas Zafar.

Initially, I thought it was one of their group companies. But only two months ago, I discovered that this company is actually registered under the name of his assistant and is being run anonymously. There is a far bigger financial conspiracy at play. I have reasons to believe that Jolly Jumper Films LLC is being misused for illegal transactions.” Bhagnani also said that the film’s budget was inflated by close to Rs 80 crore. He said: “On paper, the film went nearly Rs 70-80 crore over budget.

We tried to cut costs by negotiating with actors to accept Rs 7-8 crore instead of ₹10 crore but even then, the accounts were never settled. Despite repeated requests for almost 11 months, their accountant has refused to provide final statements. Instead, they have been spreading in the market that they were never the producers, only the directors.” Talking about his plan for action, he added: “I am now planning to write to the ED, EOW and CBI. Recovering the money is not the priority. I just want the truth to be exposed so no other producer suffers like this.”

And Mr. Bhagnani was sleeping while Zafar did all that fraud? Sab ke sab ek thali ke chatte batte he. Who in their right mind thought that BMCM was a good idea?

I always thought this Vashu guy is loaded and did all this what allegedly now Zafar has done..was also caught once in a sting operation admitting to money launderingshady guy