Heard This? Yash Raj Films in legal trouble for allegedly pocketing Rs.100 crore worth royalties
One of the biggest movie production houses in India, Yash Raj Films (YRF) has landed in legal trouble. The production house has been booked for a fraud case by Mumbai Police. YRF is accused of pocketing around Rs. 100 crore worth royalties belonging to the members of the Indian Performing Rights Society (IPRS). Reportedly, an FIR has also been filed against the production house and its directors Aditya and Uday Chopra on Wednesday.
As per PTI report, an FIR is registered against Yash Raj Films Company and its directors, Aditya Chopra and Uday Chopra for allegedly pocketing Rs. 100 crore by collecting music royalties of members of the Indian Performing Rights Society (IPRS) by the Economic Offences Wing (EOW) of the Mumbai Police.
In the FIR the complainant has mentioned the names of YRF and its directors Aditya and Uday Chopra.
Yash Raj Films, its directors booked by Mumbai Police for allegedly ‘pocketing’ Rs 100 crore by collecting music royalties of Indian Performing Rights Society’s members: Official
— Press Trust of India (@PTI_News) November 20, 2019
A police officer on the condition of anonymity, told Mumbai Mirror, “The FIR has been registered under sections 409 (criminal breach of trust)and 34 (common intention) of the Indian Penal Code and relevant sections of the Copyright Act.”
Talking about the IPRS, it is a representative body for the music composers, lyricists, and singers. The body also collects royalties of the artists for their projects. It was set up in 1969. It was re-registered as a copyright society in 2017, following which it started functioning actively. Lyricist, Javed Akhtar is the current chairperson of IPRS.
Coming back to the case, Yash Raj Films and its directors are yet to issue any statement on this case filed against them.