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 (File Photo)
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.
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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.
"He was going to make all the payments that he promised. They (lenders) also demanded a six-month interest in advance which my father provided by selling his Powai office. He had no intention to fraud anyone and he was going to make all payments that he had promised," Mansi told ANI.
Mansi claimed that the loan company gave him "false assurances" while initiating legal action against him.
"Due to the pandemic, the industry was affected, there was no work and the studio was closed. He could not make regular payments and there were some delays. Even after that, he repeatedly made attempts to meet with the company to negotiate with them for restructuring or some kind of leeway so he could still finish paying what he owed. The company gave him false assurances and started legal proceedings on the side," she said.
Nitin Desai's daughter further urged the government to look into this matter.
"I appeal to the government of Maharashtra to look into this matter and also, as per his last wish, take charge of ND Studios. Please give him justice," the bereaved daughter urged.
(with inputs from ANI)
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