"Begged for the money back," Businessman reveals what happened in Rajpal Yadav’s 14-year cheque bounce case

Bollywood actor Rajpal Yadav has been granted bail by the court in a loan dispute case. He has been released after spending 12 days behind bars. The Delhi High Court granted him interim bail in an old loan case of ₹9 crore. Following the court's decision, businessman Madhav Gopal Agarwal has spoken about the dispute for the first time.

Businessman Madhav Gopal Agarwal explained that he had provided Rajpal with financial assistance for the film "Aata Pata Lapata" in the form of a loan.

How Rajpal Yadav Got Into Debt

Madhav Gopal Agarwal recounted how he met Rajpal and how the loan was given. He narrated the entire story of the case that lasted more than 10 years. In an interview with a media house, Agarwal, director of Murali Projects Private Limited, said he met Rajpal through former MP Mithilesh Kumar Katheria.

Businessman reveals the truth

According to him, the actor asked him for financial assistance for his 2012 film "Aata Pata Lapata." He said the film was almost complete and would sink without immediate funding. The businessman claims the money was strictly a loan, not an investment. The agreement clearly stated that payment would not be linked to the film's earnings, censor certificate, or release. The amount was fixed and the timeline was fixed. Rajpal Yadav also provided a personal guarantee.

Crying like a child

Aggarwal said, "I went to his house and cried like a child in front of him. I had helped him by borrowing money from others. I kept begging him to at least give me a payment date or finalize a new agreement." He says that when he initially refused to provide more funds, Rajpal's wife Radha sent him several emotional messages pleading for help, after which he agreed.

When Amitabh Bachchan launched the film's music, he remembered the agreement to hand over the film's negatives and earnings upon completion. He then approached the court, which resulted in a temporary stay on the film's release. The stay was later lifted. Rajpal Yadav assured him that the outstanding amount would be paid after release. However, the film flopped at the box office, and the promised money was never received.

Summary

In 2013, he again approached the court, resulting in a settlement of ₹10.40 crore. Despite issuing several checks, all of them bounced. Repeated defaults left him no choice but to pursue legal recourse. Agarwal also said, "I am a businessman. I am not interested in ruining anyone. I just want my money back."