Bihar Man Sues Shah Rukh Khan For Endorsing Finance Company That Duped Investors

Admin 30-May-2016 11:59:03 Inothernews

Bihar Man Sues Shah Rukh Khan For Endorsing Finance Company That Duped Investors


A Bihar resident has filed a complaint against Bollywood star Shah Rukh Khan for endorsing a non-banking finance company that is being accused of cheating its investors. A report in the Hindustan Times said that a resident of Bihar's Purnia district has filed a complaint against the actor and top officials of the finance firm in the court of a chief judicial magistrate. He has accused them of deceiving investors. In August 2015, CBI booked Prayag Hi-Rise Infotech Private Limited on charges of running a ponzi scheme (Learn more about that here). It was also alleged that the group had encroached upon at least 360 acres of government-owned land for another project.



Prayag Group deals in real estate, hotels and resorts, packaged drinking water, FMCG, news & electronic media among its other projects.

But this is hardly the first time the actor's in trouble over a product he's endorsed.

In 2013, an online petition was filed against the actor for endorsing a fairness cream brand, Fair and Handsome. He was accused of furthering indiscrimination against men, women and children by propagating the message that fair skin is prerequisite for success.

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When questioned about his opinion on celebrities being held liable for the products they endorse, the 50-year-old actor had said:

"There is only limited knowledge that we have of everything. Like I cannot be an expert on how a car drives but yes you check the company, its experience and you go by that. There is a responsibility (of the stars) to check and cross check and there is a limited responsibility because there are institutions, checking points to check things much before the actor comes in the picture."

A parliamentary committee has recommended a maximum punishment for five years' jail and Rs 50 lakh fine to make celebrities accountable for advertisements and endorsements so that they are accountable for consumers blindly believing endorsements.

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