Ellipsis Entertainment planning film on biggest banking scam in India

Ellipsis Entertainment has unveiled plans for an upcoming film that will delve into the infamous 1971 scam involving a State Bank of India branch in Delhi, masterminded by the alleged double agent Rustom Nagarwala. The untitled project aims to bring to the screen the riveting and complex story of one of India’s most intriguing financial frauds.

Currently, Ellipsis Entertainment is in the midst of casting for the critical role of Hari Dev Kaushal, alongside other key characters pivotal to the scandal. The casting process seeks to assemble a talented ensemble capable of authentically portraying the individuals entangled in this gripping narrative.

Ellipsis partner Tanuj Garg (pictured) shared his enthusiasm for the project, stating, “As a fervent admirer of the espionage genre, I was captivated by the enigmatic details of this case. The mysterious deaths of several linked individuals following the incident add layers of intrigue. We are eager to finalize our cast and commence filming soon.”

The 1971 SBI scam remains one of the most sensational cases in Indian banking history. Nagarwala, posing as the then Prime Minister Indira Gandhi, deceived the chief cashier of the State Bank of India, Ved Prakash Malhotra, into handing over INR 60 lakhs, equivalent to several crores today. The subsequent deaths of key individuals involved in the case added a layer of mystery and suspicion, making it a compelling story for a cinematic adaptation.