Art director Nitin Desai was found hanging at his ND Studio in Karjat on August 2, and since then several reports have been circulated online that he may have died by suicide owing to financial constraints.

Nitin Desai`s daughter Mansi speaking to ANI revealed that her father had borrowed a loan of Rs 181 crore from a company. Out of the total amount he had repaid Rs 86.31. Desai`s daughter said that her father had no intention to cheat anyone.