Mahabharat Actor Aayush Shah Files Fraud Case Against Singer Bishwajit Ghosh

• Court Issues 15 Notices to Singer Bishwajit

• ⁠Inside the ₹4.4 Crore MyFledge Financial Fraud Scandal

• ⁠Section 138 and the Bounced Cheques That Sealed the Case

Mahabharat actor Aayush Shah has filed a ₹4.4 crore fraud case against singer Bishwajit Ghosh and other directors of MyFledge. A Mumbai court has issued 15 notices, alleging forgery and deceit in a sophisticated loan scam.

Television actor Aayush Shah, renowned for his role in Mahabharat, has filed a criminal complaint alleging a sophisticated ₹4.44 crore loan fraud against singer Bishwajit Ghosh and other directors of MyFledge Private Limited. The Mumbai court has issued 15 notices to the accused, including Ghosh’s wife Piyalee Chatterjee Ghosh and co-director Shabab Husain, in a case that reveals complex financial deception. This investigation by the Sprouts News Investigation Team (SIT) uncovers how the actors allegedly used forged documents and false promises to secure massive loans from the Shah siblings, who run prominent PR firm Maars Communicates.

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Legal Battle Intensifies: Court Issues Multiple Notices in Financial Fraud Case

The complaint, filed under Section 138 of the Negotiable Instruments Act, alleges that MyFledge directors obtained financial loans totaling ₹4.44 crore over four to five years through deceptive practices. Aayush Shah and his sister Mausam Shah, co-founders of Mumbai-based PR firm Maars Communicates, claim the accused promised lucrative returns for expanding their aviation and vocational training business. The court has now issued 14 notices to the three directors, with a fresh set of 7 notices requiring their presence on October 8, 2025, following initial proceedings that began in August.

Systematic Deception: How Forged Documents Facilitated the Alleged Fraud

According to the Sprouts News Investigation Team findings, the MyFledge directors initially built trust by paying small profits and presenting what appeared to be legitimate ICICI Bank statements and property documents. The Shah siblings allege these financial documents were later discovered to be forged, and the 32 cheques securing the loans all bounced upon deposit. MyFledge claims to operate training centers across 12 cities including Bangalore, Lucknow, Mumbai, and Chandigarh, but the complainants maintain these representations were part of an elaborate scheme to mislead both investors and students.

Also Read: Madhya Pradesh Law and Order Collapse: SIT Exposes CM Mohan Yadav’s Failures.

Victims Speak Out: Actor Aayush Shah and Entrepreneur Sister Detail Their Ordeal

“We placed our faith in them over several years because every interaction was backed with what appeared to be legitimate documentation,” Aayush Shah told reporters. The actor revealed he has filed a forgery complaint with Oshiwara police station and plans to approach the Bombay High Court with additional cheating charges. His sister Mausam Shah described the operation as “a calculated scam designed to exploit trust over several years,” emphasizing the pattern of exploiting students, employees, and lenders.

Legal Proceedings Advance: High Court Advocate Details the Case

The case is being represented by Advocate K.P. Dubey of the High Court, who described it as “a clear case of financial fraud executed through deception and forgery.” Investigations into the accused’s financial dealings are ongoing, with the court maintaining strict oversight of the proceedings. This case adds to growing concerns about financial fraud in the entertainment industry, coming shortly after similar allegations by actress Puja Banerjee and actor Kunal Verma in separate incidents.

Broader Implications: Entertainment Industry Faces Rising Financial Fraud Cases

The Sprouts News Investigation Team notes that this case highlights a disturbing trend of financial predators targeting entertainment professionals. With multiple high-profile cases emerging recently, industry experts are calling for greater financial literacy and due diligence among artists and performers. The MyFledge case continues to unfold, with all eyes on the October 8 court hearing that may set important precedents for handling similar financial fraud cases in the future.

The Sprouts News Investigation Team reached out to directors Piyalee Chatterjee Ghosh, Bishwajit Ghosh, and Shabab Hussain for comment, but did not receive a response.