Netflix’s Bad Boy Billionaires on hold following court order
Written by admin on 5 September 2020
Netflix’s new show Bad Boy Billionaires: India has been put on hold following a court order.
The series explores the lives of four Indian tycoons allegedly involved in white-collar crime – two of whom are now in London.
They’re some of India’s richest businessmen and all face claims of fraud.
The investigative docuseries, as Netflix describes it, looks at the “greed, fraud and corruption that built up – and ultimately brought down – India’s most infamous tycoons.”
The show was due to be released this week.
However, the Araria district court in eastern Bihar, India, ordered a stay on its release date, after claims it would damage the reputation of Subrata Roy.
Mr Roy is the chairman of the Sahara Group – a multi-billion dollar company covering real estate, media and retail.
He is currently on bail and has been ordered to repay billions of dollars to investors of a scheme – run by his company – which was found to be illegal.
Another of the show’s businessmen, Ramalinga Raju, has also secured an order from a state court delaying the programme’s release.
Mr Raju, founder of Satyam Computer Services, was accused of a $1bn accounting fraud more than ten years ago.
It is reported that Netflix had planned on appealing against the court ruling, but was re-directed to instead approach a higher state court first.
The show also follows the stories of liquor magnate Vijay Mallya and Indian diamond trader Nirav Modi.
Mr Mallya is facing possible extradition to India from the UK for alleged fraud with his now defunct enterprise, Kingfisher Airlines.
Mr Modi – who has famously made jewellery pieces for the likes of Kate Winslet, Naomi Watts and Priyanka Chopra-Jonas – is similarly fighting attempts by India to bring him back, over his alleged involvement in £2bn bank fraud.
Netflix has declined to comment.