Rajpal Yadav denied reports of taking a loan, clarifying that the money was an investment to launch a businessman’s grandson as an actor. Sent to Tihar Jail after failing to repay dues of around Rs 9 crore, Yadav received industry support as the Delhi High Court ordered further payments in pending cases.

Rajpal Yadav has disproved reports claiming that the disputed amount was a loan, presenting his own account of the matter. He stated that the money was actually an investment from a businessman who intended to launch his grandson’s acting career in the film industry.

Rajpal Yadav denies taking any loan

Earlier, during his appearance at Lallantop, “I received Rs 5 crore from Madhav Gopal Agarwal to make a film. I did not take it as a loan; he invested the money as a financer because he wanted to launch his grandson as the lead actor.”

Rajpal Yadav’s plea rejected by Delhi High Court

Yadav landed in Tihar Jail after the Delhi High Court turned down his request for an extension to repay the dues linked to the cheque bounce cases. The pending amount is estimated to be close to Rs 9 crore.

Rajpal Yadav’s family receives support from the film industry

Many members of the film fraternity have extended financial help to the family and encouraged others to contribute as well. Expressing gratitude for the support, Rajpal’s wife Radha Yadav told PTI, “Everybody has stood by him. The industry has been supportive. A big thank you to everyone who is coming forward to help.”

Rajpal Yadav’s film ‘Ata Pata Laapata’ and financial troubles

Back in 2010, Yadav secured Rs 5 crore from M/s Murali Projects Pvt Ltd to produce his directorial debut ‘Ata Pata Laapata’, but the film turned out to be a box-office failure. Before turning himself in, he admitted to Bollywood Hungama that he had neither the money nor the means to clear the remaining dues. When questioned about seeking help from fellow actors, Yadav candidly said, “Everyone is on their own” in the industry.See More: Rajpal Yadav Bail Hearing LIVE Updates: Court says Rajpal Yadav failed to comply with order, actor moves interim bail plea; hearing to resume at 2:30 pm

Rajpal Yadav directed to repay amount by Delhi High Court

The Delhi High Court, in its latest order, stated that Yadav must pay Rs 1.35 crore in each of the seven pending cases. It further directed that the sum already deposited with the Registrar General be handed over to the complainant.