Bollywood gets funds from gangsters, politicos?

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New Delhi, Sep 6: Bollywood received funds from politicians and gangsters, revealed leaked US diplomatic cable.

WikiLeaks further revealed that the Bollywood in recent past have been linked with Mumbai underworld via money, politics and gangsters.

"As a consequence, films were financed by ad hoc collections of investors, many of whom were from the construction and trade industries, who charged interest rates as high as 60-100%.

"The industry also welcomed funds from gangsters and politicians, looking for ways to launder their ill-gotten gains, known in India as "black money", said the cable brought out by the US Consulate in Mumbai, released by WikiLeaks.

"After the government added the film industry to the list of legitimate industries, the corporatisation of Bollywood -and the wider entertainment industry - began," said the cable.

OneIndia News

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