Latest news with #Bahubali
Indian Express
3 days ago
- Business
- Indian Express
Gujarat: ED opposes bail of Bahubali Shah in ‘money laundering' case
The Enforcement Directorate (ED) has opposed a plea seeking regular bail, filed by director of Lok Prakashan Ltd, Bahubali Shah, who was arrested in connection with a case of alleged money laundering. The agency, in its submissions filed on May 31 before the Principal District and Sessions Judge, Ahmedabad (Rural), claimed that evidence showed Bahubali 'possessed the proceeds of crime by acquiring IPO (initial Public Offering) shares of NTPC and TCS which were reserved for retail category,' through corporate entities. The ED said that it had come across the evidence while investigating a 2016 complaint filed by the Securities and Exchange Board of India (SEBI) against two corporate entities and their directors and that entities were under investigation. In the complaint by SEBI, M/s Excell Multitech Ltd, M/s Zenet Software Ltd and their directors had been named as accused in cases of alleged 'irregularities' detected in the IPOs. On May 15, the ED raided the offices of Lok Prakashan Ltd -run Gujarat Samachar newspaper in Ahmedabad and arrested Bahubali. He complained of uneasiness and was first moved to V S Hospital and then, on the request of his family, to Zydus Hospital where he was admitted to the ICU. He was granted interim bail by a local court for treatment, on May 16. Bahubali then moved a the regular bail application, which came up for hearing on May 31. The ED submission, accessed by The Indian Express, stated that the aforementioned corporate entities had provided finances to M/s Sugandh Estates and Investments Pvt Ltd (SEIPL), which in turn, opened a large number of fictitious accounts and fraudulently cornered the IPO shares of TCS and NTPC that were meant for retail investors. On the basis of the SEBI complaint, the ED then registered an Enforcement Case Information Report (ECIR) on August 16, 2023 to investigate into the aspect of 'money laundering'. Subsequently, the agency issued summons to the directors of the said corporate entities. In her statement to the ED on November 28, 2023, accused Saryuben H Vora, director of both companies, had shared details of the sources of income of both the firms which had 'cornered the shares of TCS and NTPC'. 'M/s Lok Prakashan Ltd gave Rs15 crore to M/s Zenet Software Ltd and Rs5.86 crore to M/s Excell Multitech Ltd. Further, the court submission further stated that Shreyansbhai S Shah gave Rs3.3 crore to M/s Zenet Software Ltd and Shreyansbhai S Shah HUF gave Rs2.86 crore to M/s Excell Multitech Ltd,' stated the submission by ED. The ED also said that 'the ledger books of the accused corporate entities allegedly revealed that Lok Prakashan Ltd received 6,46,922 shares of NTPC and 13,780 shares of TCS, while Rs10.94 crore were refunded to it by M/s Zenet Software Ltd and Rs4.74 crore were refunded to it by M/s Excell Multitech Ltd via Demand Drafts. Shreyansbhai S Shah (Managing Editor of Gujarat Samachar) received 85,600 shares of NTPC and Rs2.769 crore were refunded to him by M/s Zenet Software Ltd. Further, Shreyansbhai S Shah HUF received Nil shares and Rs2.86 crore were refunded to it by M/s Excell Multitech Ltd.' The ED submission further stated that it sent four summons to Bahubali, the then Managing Director of M/s Lok Prakashan Ltd, between December 27, 2023 and February 21, 2024. Bahubali appeared before the ED on February 28, 2024, and allegedly submitted that Dhiren Vora, associated with the accused companies, and son of Saryuben had approached him and said he would receive financial benefits if he provided funds to him. The ED said that when further documents were sought from Bahubali and summons issued, he allegedly neither submitted the documents, nor appeared before the agency. The ED further sent three summons to Bahubali on March 2, 14 and 28 last year but he allegedly neither appeared nor submitted the documents, 'thereby not cooperating with the PMLA investigation'. After a search was conducted at the premises of Bahubali in Ahmedabad's Satellite area on May 15, this year, his statements were taken wherein he allegedly undertook to submit the sought for documents within the two weeks, the ED said. It further said: '…there are reasons to believe based on material in possession, that Bahubali S Shah is actively involved in acquisition, possession, concealment, and use of proceeds of crime obtained and derived as a result of criminal activity relating to scheduled offences (by acquiring IPO shares of NTPC and TCS which were reserved for retail category) and he is guilty of the offence of money laundering under section 3 of PMLA, and punishable under section 4 of PMLA; hence he was arrested under section 19 of PMLA. The analysis of the material gathered and statements of various persons recorded under section 50 of PMLA clearly points out that Bahubali Shah is guilty of the offence of money laundering. Disclosures made by Bahubali Shah under PMLA, warrant his custodial interrogation.' The ED's submission also stated, 'Further, Bahubali Shah is the son of the founding editor of Gujarat Samachar and a highly influential person having family business running across various sectors including construction, chemical industry, fishing, trade and financial services. Therefore it is possible that Bahubali Shah may influence the witnesses/ other co-accused.' Advocate Devang Vyas, appearing for Bahubali had told The Indian Express that they had sought time to file a reply and the matter had been adjourned till June 10, 2025.
Pink Villa
6 days ago
- Entertainment
- Pink Villa
Chhaava director Laxman Utekar SLAMS Anurag Kashyap's 'cinema is dying' remark with stirring reality check: ‘Unki sensibility…'
Famous filmmaker and actor Anurag Kashyap has given several good films to the industry. He was recently in the news for his remark on the industry. He told The Hindu that he has left Mumbai and he wants to stay away from the 'toxic' film industry. He also added that the cinema now is dying. Now, Chhaava director Laxman Utekar hit back at his remarks and claimed that he doesn't have the sensibility to accept audiences' tastes. In an interview with Mama's Couch, Laxman Utekar criticized Anurag Kashyap and shared that he is wrong in saying that audiences don't have the sensibility to accept his film. He further added, 'Balki unki sensibility nahi hai audience ka taste accept karne ki.' The Chhaava director further gave examples of films's record breaking collections of 700-800 crore that doesn't signify cinema is dying. He asked Anurag to take a look at the box office collection of Bahubali, RRR, Pushpa and even his film Chhaava, starring Vicky Kaushal in the lead role. Laxman said the filmmaker should change his sensibility as he is stuck in the same place. He also talked about it in detail and admitted that in today's time audiences have more knowledge about films and are more updated as they have cinema in their phones. He further revealed that every three years cinema changes and now as filmmakers they have to update themselves as well. They cannot be stuck in the past blaming the audiences for not having sensibility. Earlier, in a conversation with The Hindu, Anurag Kashyap opened up on moving away from Mumbai to distance himself from the industry. He called it 'toxic' and cited the loss of creativity and rising pressure from unrealistic expectations. Now, in the same interview, Laxman Utekar opened up about it and asked Anurag to leave if he wants to as nobody is forcing him to stay. He added that one can make films if they are creatively happy, and cannot put their heart in it if being forced.
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First Post
26-05-2025
- Entertainment
- First Post
From Rishab Shetty & Sukumar to Allu Arjun & SS Rajamouli: Actor-Director collaborations that should happen soon on the big screen
Here are actor-director duos that could bring fresh, explosive energy to Indian cinema, whom we wish would collaborate! read more Over the years, we've witnessed iconic actor-director collaborations that have delivered cinematic masterpieces. These duos have redefined storytelling through their powerful performances and visionary direction. While many such collaborations have already made history, there are still some dream pairings we wish to see on screen. The idea of combining unique acting prowess with directorial brilliance holds immense potential to create unforgettable cinema. Imagine the rustic intensity of Rishab Shetty under the stylish storytelling of Pushpa director Sukumar, or the mass appeal of Prabhas paired with South cinema's blockbuster machine, Atlee. Here are actor-director duos that could bring fresh, explosive energy to Indian cinema, whom we wish would collaborate! STORY CONTINUES BELOW THIS AD Rishab Shetty - Sukumar Rishab Shetty proved he's one of the finest actors in Indian cinema with his powerful performance in Kantara, taking the industry by storm. His rustic, rooted acting, deep character immersion, and raw intensity are unmatched. On the other hand, Sukumar, the visionary behind the Pushpa franchise, is known for his unique storytelling. Together, this actor-director duo could create absolute havoc in theatres with their explosive collaboration. Allu Arjun - S. S. Rajamouli Allu Arjun, who won hearts as Pushpa Raj and cemented his place in pan-India cinema, is a dream fit for filmmaker S.S. Rajamouli, the mastermind behind Bahubali and RRR. Allu's dynamic acting and action brilliance, paired with Rajamouli's larger-than-life vision, would create an absolutely electrifying and unforgettable cinematic experience. Prabhas- Atlee Kumar Prabhas, known for leading massive franchises like Bahubali, Salaar, and Kalki 2898 AD, teaming up with action-thriller specialist Atlee Kumar would be a visual spectacle. Atlee's high-energy direction paired with Prabhas' larger-than-life presence promises a powerful, massy entertainer fans would love to see unfold on the big screen. Jr. NTR- Mani Ratnam Jr. NTR, who stunned global audiences with his powerful role in the Oscar-winning RRR, is a force in action and emotion. Teaming up with legendary filmmaker Mani Ratnam, known for the epic Ponniyin Selvan franchise, would be a dream collaboration blending intensity with poetic storytelling — a cinematic gem in the making. STORY CONTINUES BELOW THIS AD Yash- Anjali Menon Yash, who ruled the screens with the KGF franchise through his intense action and emotional depth, paired with filmmaker Anjali Menon, known for her soulful and character-driven stories, would be a refreshing and powerful blend. Their collaboration could deliver a unique cinematic experience, balancing mass appeal with heartfelt storytelling.
Time of India
18-05-2025
- Entertainment
- Time of India
Former NASA engineer and influencer Mark Rober on his visit to India, trying Vada Pav, and love for Bahubali
In a rare, whirlwind visit to India, YouTube's beloved science communicator and former NASA engineer Mark Rober took in the chaos, culture, and curiosity of the country — all with wide-eyed enthusiasm and a backpack full of physics. In his first-ever visit to India, Rober sat down for a candid chat about jugaad , Bollywood, and his plans to experience Mumbai in its most unfiltered form. 'To me, India is innovation.' Mark Rober's perception of India was instantly framed by its dynamic nature — not just the traffic, but the talent. 'India is the most populous country on the planet… They produce more engineers than any other country,' he said. 'And right now I get more views in India than any other country, even more than the United States.' 'The fact that you have a word like jugaad is amazing.' Rober's admiration goes deeper than numbers — he's fascinated by India's grassroots engineering culture. He's even running a contest while in the country: ₹50 lakh in prizes for the best examples of jugaad. 'We're doing a contest while we're here because it's like where we have 50 lakhs and in 5 lakhs per person, 10 people total. The best examples of jugaad that people can like come up with and submit. This is like MrBeast meets Mark Rober but for science. The simplest solution, the simplest engineering solution is always the best one. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trading CFD dengan Teknologi dan Kecepatan Lebih Baik IC Markets Mendaftar Undo The Indian people sort of capture that. You have a word for it. We don't even have a word for that in the United States. The fact that you have word like jugaad is amazing' he quipped. 'At NASA or Apple, we had millions to solve problems. But sometimes, the best solutions are made with junk lying around the house.' 'I want to ride a Mumbai local train. At rush hour.' Always the experimenter, Rober has big (and slightly risky) plans for content in India. 'I want to ride a local train at rush hour,' he said, despite being warned it's 'literally dangerous.' He laughed off the caution, determined to capture the intensity of the experience. 'It's better content if it's at rush hour!' 'My palate is not street-food ready… but I will try vada pav.' While Rober is cautious about Indian street food, he's not shying away from the experience. 'Vada Pav is on the list!' he promised, adding that Indian food ranks in his personal top three cuisines in the U.S. 'Bahubali made me question physics — and my career path.' When it comes to Bollywood, Mark Rober lights up. 'Bahubali,' he said, without hesitation, when asked about his favorite Indian film. 'There are some scenes… I wish I knew how to harness the laws of physics the way they do. I could come up with some good inventions!' He admires not just the spectacle but the unique visual language of Indian cinema. 'There's a curiosity in Indian culture — and that's why we click.' Beyond data and spectacle, Rober believes his deep connection with Indian audiences is rooted in shared values. 'There's a curiosity that seems to permeate Indian culture,' he observed. 'This trip is exploratory — a curiosity-gap-filling trip. And it's just the first step in building something deeper.' One step to a healthier you—join Times Health+ Yoga and feel the change
India.com
09-05-2025
- Entertainment
- India.com
Meet actor who owns Rs 60 crore mansion in India, Rs 40 crore villa in Italy, farmhouse worth Rs 24crore, his name is…, net worth is Rs…
Home Entertainment Meet actor who owns Rs 60 crore mansion in India, Rs 40 crore villa in Italy, farmhouse worth Rs 24crore, his name is…, net worth is Rs… Meet actor who owns Rs 60 crore mansion in India, Rs 40 crore villa in Italy, farmhouse worth Rs 24crore, his name is…, net worth is Rs… This superstar owns many luxury properties not only in Indian but also in Italy. He also owns multiple high-end cars, which catch everyone's attention. Actor Prabhas is one of the biggest stars of the film industry. The movie Bahubali not only gave him pan-India recognition but also made him famous in other countries. Recently, some of his films have not performed well at the box office. The recently released Adipurush became a victim of controversies. Even before that, some films had not performed well. Bahubali Prabhas owns many luxury properties in his life apart from films. The actor has a luxury bungalow worth several crores in the famous Jubilee Hills area of Hyderabad, where his fans keep gathering. The house that Prabhas has bought in Jubilee Hills is said to be worth Rs 60 crore, and he bought it in 2014 and Prabhas's house has everything from a swimming pool to a great gym. If we talk only about the gym, then equipment worth Rs 1.5 crore has been brought from abroad and installed in it. According to a report by a regional media house, Prabhas has invested his income in many places, one of which is a luxury villa in Italy which is really beautiful. According to reports, whenever he gets time from shooting, Prabhas reaches there with his special and close friends and chills. Apart from this, when he is not there, he gives it on rent. Tourists and local people stay in this villa on rent. It is being said that Prabhas earns 40 lakhs every month from this luxurious property. Currently, its price is said to be Rs 80-85 crore. Prabhas also has many luxury cars. He has expensive cars like Lamborghini, Rolls-Royce, and Jaguar Land Rover. Prabhas does not work in many films, but his net worth is not less. It is said that actor Prabhas currently owns about Rs 250 crore For breaking news and live news updates, like us on Facebook or follow us on Twitter and Instagram. Read more on Latest Entertainment News on More Stories
