In a 2017 profile of Sushant Singh Rajput, Forbes India called the Bollywood star "the confident craftsman", a nod to his tenacity.
Rajput's journey to fame began after he dropped out of engineering college in Delhi to become an actor in Mumbai. Then, just as his TV career was taking off, he quit that industry to focus on Bollywood films and went on to achieve a level of success few can only dream of.
But when Rajput was found dead in his Mumbai apartment on June 14 at the age of 34 — a case the police have ruled as suicide — it not only devastated millions of his fans, but gave his fairy-tale story a tragic twist.
Following news of his death, there have been a number of developments, while conspiracy theories have followed thick and fast. Fans have attacked Bollywood's bias against "outsiders", while Rajput's father has filed a case against the actor's girlfriend, Rhea Chakraborty.
Here are the latest twists and turns so far.
Why Bollywood is accused of bias
For many years, Bollywood has been locked in an "insider" versus "outsider" debate, with the latter claiming the industry is run by a group of film dynasties whose sole interest is promoting their own. The outspoken actress Kangana Ranaut, once one of the highest paid in Bollywood, has been the most vocal. Ranaut posted a video message in Hindi a day after Rajput's death, claiming he was a victim of nepotism.
Actor Ranvir Shorey also tweeted in July: "'The Gang' is essentially a mutually beneficial alliance of a few powerful, corrupt, crafty old men, and a few second generation younger producers who have inherited film empires. Their objective is to have control over the top of the pyramid and have pliable stars.”
Top producer Karan Johar, who is known for casting many children of Bollywood stars in his films, was one of the first to face a backlash online. Johar immediately went on a social media hiatus, returning on Saturday, August 15, to wish Indians a happy Independence Day.
A number of Bollywood personalities have since been called on by the Mumbai Police to record statements, including director and producer Sanjay Leela Bhansali, director Mahesh Bhatt, Yash Raj Films chairman Aditya Chopra, film critic Rajeev Masand and casting director Mukesh Chhabra. Ranaut has also been summoned by police.
Rajput’s father files case against girlfriend
On July 28, Rajput's father, KK Singh, filed an FIR (First Information Report) in Patna, Bihar, against Chakraborty. He accused the actress, who was dating Rajput, and her family of abetment of suicide and stealing his money. Among his accusations was a claim that Rs150 million (Dh7.3m) was transferred from Rajput's bank account to an unknown account over the course of a year.
Chakraborty has denied the accusations and filed her own FIR requesting the case be moved to Mumbai from Patna. She also said she’d been receiving rape and death threats on social media.
On Friday, August 14, the Enforcement Directorate (ED), a law enforcement agency tasked with investigating economic crimes, said that while Rs150m was withdrawn from Rajput’s account, no suspicious activities involving Chakraborty were discovered.
Rajput ran two companies along with Chakraborty and her brother Showik, according to the Mumbai Mirror.
How politicians got involved
With elections due in Bihar, Rajput’s home state, later this year, it was only a matter of time before politicians waded in.
While Rajput’s death in Mumbai would normally come under the jurisdiction of the state of Maharashtra, because his father filed an FIR in Bihar, means there’s been mud-slinging from both states, ruled by political rivals.
A team of police from Patna who travelled to Mumbai to carry out their own investigation were put under mandatory home quarantine by authorities, prompting an outcry from politicians in Bihar who demanded the investigation be handed to the federal agency, the Central Bureau of Investigation.
Bihar’s ruling party Janata Dal (United) is a close ally of Prime Minister Narendra Modi’s Bharatiya Janata Party, a rival of Maharashtra’s ruling Shiv Sena party.
India's Supreme Court has rejected multiple appeals for the case to be taken over by the CBI. "Let the police do its job," it said in a July 30 ruling.
Why his therapist spoke out
On August 1, Rajput's therapist Susan Walker told journalist Barkha Dutt that she decided to breach client confidentiality "given the reckless media coverage around mental health and the lynch mobs unleashing hate on social media", adding that the actor had bipolar disorder.
"Symptoms can include severe anxiety,” she said, adding that Rajput was “suffering terribly during bouts of depression and hypomania".
Walker, who said she started meeting Rajput in November last year, added that Chakraborty gave Sushant the courage to attend sessions. "The treatment that Rhea has received on social media is deeply shocking to me," she said.
The treatment that Rhea Chakraborty has received on social media is deeply shocking to me
In their investigation, Mumbai Police said Rajput searched three items on the internet repeatedly in the week preceding his death: his own name in news reports, the name of his former manager Disha Salian, who had committed suicide the previous week, and information about mental health, an officer told The Indian Express.
The police also recorded the statements of three psychiatrists and one psychotherapist last month, who confirmed that Rajput had consulted them for treatment.
"Sushant’s sad and untimely death needs to be yet another lesson for us all in ending shame and stigma around mental illness,” said Walker.
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
SPECS
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%20Dual%20electric%20motors%20with%20102kW%20battery%20pack%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E570hp%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20890Nm%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERange%3A%3C%2Fstrong%3E%20Up%20to%20428km%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20Now%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh1%2C700%2C000%3C%2Fp%3E%0A
Company%20Profile
%3Cp%3E%3Cstrong%3ECompany%3A%3C%2Fstrong%3E%20Astra%20Tech%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EMarch%202022%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3EAbdallah%20Abu%20Sheikh%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20technology%20investment%20and%20development%3Cbr%3E%3Cstrong%3EFunding%20size%3A%3C%2Fstrong%3E%20%24500m%3C%2Fp%3E%0A
COMPANY PROFILE
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
COMPANY%20PROFILE%3A
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Envision%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2017%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EKarthik%20Mahadevan%20and%20Karthik%20Kannan%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20The%20Netherlands%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20Technology%2FAssistive%20Technology%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%3C%2Fstrong%3E%20%241.5%20million%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2020%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Seed%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%204impact%2C%20ABN%20Amro%2C%20Impact%20Ventures%20and%20group%20of%20angels%3C%2Fp%3E%0A
Countries offering golden visas
UK
Innovator Founder Visa is aimed at those who can demonstrate relevant experience in business and sufficient investment funds to set up and scale up a new business in the UK. It offers permanent residence after three years.
Germany
Investing or establishing a business in Germany offers you a residence permit, which eventually leads to citizenship. The investment must meet an economic need and you have to have lived in Germany for five years to become a citizen.
Italy
The scheme is designed for foreign investors committed to making a significant contribution to the economy. Requires a minimum investment of €250,000 which can rise to €2 million.
Switzerland
Residence Programme offers residence to applicants and their families through economic contributions. The applicant must agree to pay an annual lump sum in tax.
Canada
Start-Up Visa Programme allows foreign entrepreneurs the opportunity to create a business in Canada and apply for permanent residence.
PROFILE OF STARZPLAY
Date started: 2014
Founders: Maaz Sheikh, Danny Bates
Based: Dubai, UAE
Sector: Entertainment/Streaming Video On Demand
Number of employees: 125
Investors/Investment amount: $125 million. Major investors include Starz/Lionsgate, State Street, SEQ and Delta Partners
What the law says
Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.
“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.
“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”
If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.
Race card
4pm Al Bastakiya Listed US$300,000 (Dirt) 1,900m
4.35pm Mahab Al Shimaal Group 3 $350,000 (D) 1,200m
5.10pm Nad Al Sheba Turf Group 3 $350,000 (Turf) 1,200m
5.45pm Burj Nahaar Group 3 $350,000 (D) 1,600m
6.20pm Jebel Hatta Group 1 $400,000 (T) 1,800m
6.55pm Al Maktoum Challenge Round-3 Group 1 $600,000 (D) 2,000m
7.30pm Dubai City Of Gold Group 2 $350,000 (T) 2,410m
The National selections:
4pm Zabardast
4.35pm Ibn Malik
5.10pm Space Blues
5.45pm Kimbear
6.20pm Barney Roy
6.55pm Matterhorn
7.30pm Defoe
More from Neighbourhood Watch:
At a glance
Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.
Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year
Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month
Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30
Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse
Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth
Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances
Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
MATCH INFO
Uefa Champions League semi-final, first leg
Barcelona v Liverpool, Wednesday, 11pm (UAE).
Second leg
Liverpool v Barcelona, Tuesday, May 7, 11pm
Games on BeIN Sports
MATCH INFO
Sheffield United 3
Fleck 19, Mousset 52, McBurnie 90
Manchester United 3
Williams 72, Greenwood 77, Rashford 79
The specs
Engine: 6.2-litre supercharged V8
Power: 712hp at 6,100rpm
Torque: 881Nm at 4,800rpm
Transmission: 8-speed auto
Fuel consumption: 19.6 l/100km
Price: Dh380,000
On sale: now
