The Central Bank of India has seized property belonging to Bollywood actor Rajpal Yadav in Shahjahanpur, Uttar Pradesh, over the non-repayment of a large loan.
Yadav, widely recognized for his extensive work in Indian cinema, had borrowed INR 3 crore from the bank’s Mumbai branch at the Bandra Kurla Complex. The loan was secured against properties owned by his father, Naurang Yadav, in Shahjahanpur.
The debt, originally INR 3 crore, grew to INR 11 crore due to accumulated interest and penalties after Yadav failed to make timely payments. On August 8, a team from the Central Bank’s Mumbai branch arrived in Shahjahanpur and sealed the property, marking a serious escalation in the bank’s efforts to recover the outstanding amount.
Rajpal Yadav, 53, hails from Shahjahanpur and has appeared in over 150 films across various languages, including Hindi, Marathi, Telugu, Kannada, and Bengali. He is particularly celebrated for his comedic roles, with standout performances in films like “Bhool Bhulaiyaa.” Despite his success in cinema, Yadav has faced financial difficulties in the past.
This is not the first time the actor has encountered legal trouble due to unpaid loans. Previously, Yadav was jailed for defaulting on a loan taken to finance his directorial debut, “Ata Pata Lapata.” The film, produced by his wife, Radha Yadav, did not succeed at the box office, leading to significant financial losses for the actor.
The current property seizure follows a similar pattern, with the loan reportedly obtained through his production company, Shri Naurang Godavari Entertainment Limited. The film in question, produced by Radha Yadav and featuring Rajpal Yadav alongside the late Om Puri, involved local talent from Shahjahanpur but did not achieve the expected success.
As of now, neither Rajpal Yadav nor the Central Bank of India has made an official statement regarding the property seizure. The actor, who recently appeared in “Bhool Bhulaiyaa 2” and debuted on OTT with “Kathal,” has several upcoming projects, including “Bhool Bhulaiyaa 3,” “Baby John,” “Welcome To The Jungle,” and “Maktoob.”
