The Indian Performing Rights Society (IPRS), which represents composers, lyricists and music producers, has filed a case of fraud against Aditya Chopra’s Yash Raj Films for allegedly pocketing Rs 100 crore belonging to lyricists, musicians, singers and music producer.
The FIR has been registered by the Mumbai police’s Economic Offence Wing (EOW) against this renowned Bollywood production house. According to the complaint that has been filed, Yash Raj Films has done fraud by forcing artistes to sign contracts that will allow the production house to collect their royalties, which originally belonged to the artists. As per legal rules, a production house cannot collect royalties on behalf of artists and music composers, as the sole rights of it belongs exclusively to The Indian Performing Right Society Ltd.
The FIR was registered last week and had names of the directors of Yash Raj Films, Aditya and Uday Chopra. 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. As reported by an official from Mumbai police’s Economic Offence Wing (EOW), the complaint was lodged based on preliminary enquiry and evidences has been submitted. Further investigations will be carried out and accused will be called for questioning if needed. EOW will further investigate on other production houses and studios to find whether they have indulged in similar practices or not.