Boney Kapoor off the hook for interest in old fraud case
Filmmaker Boney Kapoor just got some relief from the Bombay High Court: he no longer has to pay interest on a ₹31 lakh amount that was part of a 2001 fraud case involving Ajay Thakkar and his wife Bhavana.
The money had been transferred to Kapoor's company, but he argued he'd already settled things by handing over his Mercedes-Benz to Nalin Choksi, one of Thakkar's creditors.
Earlier, a special court wanted him to return the amount with interest, but the High Court said no interest payments are needed.
What went down
Back in 2001, Thakkar and Bhavana were accused of tricking hundreds of people with fake promises of high returns.
During the investigation, police found money moved from Thakkar's account to Kapoor's company as a loan.
While Kapoor paid back the main amount, he fought against paying interest—and now, after Bhavana was acquitted and Thakkar passed away during trial, the court says Kapoor is done with this long-running case.
The MPID Court will decide what happens next with the deposited funds.