IIFA gets sued for 7 million

IIFA 2014 seems to be caught in yet another controversy. The award ceremony to be held in the U.S. recently had to undergo a change in schedule since April 24 was declared as the voting day for citizens residing in Mumbai. However, now the organizers of IIFA, Wizcraft have been sued for $7 million by Florida based travel agent Akarsh Kolaprath. A lawsuit has been filed against them for breach of trust.

As per the deal, Kolaprath signed with Viraf Sarkari and Andre Timmins of Wizcraft three years ago, he was supposedly helping out the company in organizing the finances and making arrangements for the award ceremony to be held in U.S. which included accommodation for celebrities. However, amidst this time span, Kolaprath claims to have spent $2,65,000 on fulfilling travel requirements and consultation for the ceremony. However, leaving Kolaprath, Wizcraft has apparently now opted for making their own booking without giving a valid reason to Akarsh due to which his agency 7M tours has suffered heavy losses. Akarsh revealed that his company had reported a loss of more than $ 4 Million on hotel cancellation due to the change in dates that happened due to the ongoing elections. He has also demanded the 3 percent of the revenue that Wizcraft was to share when it earns $17.5 million through the function. Also, his yet another claim includes the revenues to be paid to him that were earned in excess of $17.5 million.

However, Sabas Joseph, director of Wizcraft maintained that the claims of Kolaprath are false and that they will respond to this matter appropriately before the court.

Article written by staff at Bollywood Hungama. Read more

Be the first to comment

Leave a Reply

Your email address will not be published.


Confirm you are not a spammer! *