Rajpal Yadav, Wife Convicted in 5 Crore Loan Recovery Scam

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In 2010, Rajpal Yadav and his wife had borrowed a loan for Yadav’s Hindu debut directional movie Ata Pata Laapata from a Delhi-based entrepreneur, MG Agarwal (owner of Murli Projects).

On April 14, the Delhi court has convicted Bollywood actor Rajpal Yadav and his wife, when they allegedly failed to repay a loan of Rs 5 crore which the actor had taken from a Delhi-based businessman for his directorial debut in 2010. The couple’s sentencing is likely to take place on April 23 when the convicted duo is likely to present their argument.

In 2013, Yadav was sent to 10 days judicial custody for hiding facts about the case.

Rajpal Yadav is known for his performances in films like Company, Main Madhuri Dixit Banna Chahti Hoon, Maalamaal Weekly, Bhoolbhulaiya and Hungama. The assets belonging to the couple, a company owned by Yadav and his bank account were attached on the orders of the court.

The judge also took contempt against two women lawyers representing the duo along with an oath commissioner for submitting a forged affidavit. Three years ago, Rajpal claimed in court that he had repaid a part of the loan while Rs 3.42 crore was pending. He had claimed that the loan would be repaid in 30 days. With passing time he gained the attention of viewers and became prolific comic enthusiast.

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