Money Trap trends more dangerous than Honey trap.

 Money Trap trends more 

dangerous than Honey trap.

Extortion amount 3 lakh per day 

Singer-Entrepreneur Mr.Bishwajit Ghosh Files ₹10 Crore Defamation  cheating and Extortion case against Fake Money lender Mr. Aayush Shah, Mausam Shah and Ashit Shah.

Money trap on the name of security blank cheques for loan and its misuse of cheque for extortion.

Mumbai (Vruttseva):-Renowned singer and actor Bishwajit Ghosh who is best known for his T-Series debut hit ‘Sau Fikr’  and as the founder of Myfledge, a leading aviation and hospitality training institute chain in India. Mr. Ghosh has filed a ₹10 crore defamation case and cheating and extortion lawsuit against Mr. Aayush Shah, Mausam Shah, and Ashit Shah, fake money lenders on the sweet name and approaching business of PR namely Maars Communicates.  

Mr. Ayush Shah his sister Mausam Shah and Father Mr. Ashit Shah approached to reputed singer and entrepreneur Mr. Bishwajit Ghosh for to assist his both works digital marketing as a PR. Then they trapped Mr. Ghosh that they have permitted licence holder money lender having authentic licence of Money lending from Government of Maharashtra. Mr. Aayush Shah has proposed to Mr. Ghosh that they have their family business of Money lending their family borrows non secured loan to business man just on blank cheques with interest rate applicable to state bank of India and other nationalised banks. If Mr. Ghosh required financial assist then Shah family is ready to lend money to Mr. Ghosh just on Security blank banker cheques.

Ghosh claims the trio posed as licensed moneylenders, offering loans at bank-like rates but demanding blank security cheques some allegedly worth six times the loan value. Despite repaying ₹2.5 crore on a ₹72 lakh loan, Ghosh says they firstly avoided and then refused to return the cheques and instead demanded ₹3 lakh per day.     

Mr. Shah firstly created affinity brotherhood bond and trust in the mind of Mr. Ghosh and with mind game and planned conspiracy they have planned to grabbing Money trap on Mr. Ghosh Mr. Shah had lend some money to Mr. Ghosh and obtained his blank banker cheques on the name of security for the loan. After collecting number of cheques from Mr. Ghosh in every transaction Mr. Shah has started charge interest more than their commitment and started threatening to Mr. Ghosh and his wife that they will file number of cheque bounce cases against them and make its propaganda and damage image of entire career and business of Mr. Ghosh.       

Mr. Ghosh has repaid amount on trust more than 6 times which he has received when he demanded security cheques returned then he has not returned cheques on the reason the cheques are in locker.

Then Mr. Shah has started to show his original colour of grabbing and started to blackmail to Mr. Ghosh that he will destroy his entire singer career and business empire and demanded 3 lakh rupees per day as fine and interest on the loan amount otherwise he will file number of cheque bounce cases against Mr. Ghosh and his wife. While Mr. Ghosh have make detailed enquiry about Mr. Shah’s Money lending licence that information was false Mr. Shah has not permitted by any authentic lawful authority about money lending licence . 

Mr. Shah started to misuse of security blank cheques which was non liable to pay due to its payment was Already received to Mr.Shah but just 1 mistake of Mr. Ghosh that not aggressively insisted to cheque return from Mr. Shah. Shah has breached trust and started to file cheque bounce case against Mr. Ghosh and publishing its news for blackmailing to Mr. Ghosh and purposely damaging image of Mr. Ghosh intending that Mr. Ghosh will compromise and pay extortion amount to Mr. Shah.      

  The legal action comes after multiple criminal complaints were filed at the Oshiwara Police Station against Mr. Shah. According to sources, the dispute stems from alleged fraudulent transactions and attempts to tarnish Ghosh’s public image through fabricated media stories.

The matter dates back to 2019, when Aayush Shah, a struggling actor, connected with Ghosh via Instagram, offering PR services for his music. Over time, Shah handled PR duties for Milledge’s 15+ branches nationwide. However, Ghosh alleges Shah charged exorbitant fees for vague or non-existent services without proper invoices. Mr. Shah is habitual grabbing nature person firstly approaches to the innocent businessman in the name of PR as a supportive roll then he mapping businessman’s potential and paying capacity and then traps him with financial assist and started to grab him as a sugar-coated pills.  

A police complaint was lodged on January 25, 2025. Ghosh now seeks ₹10 crore in damages for defamation, citing sustained efforts to harm his reputation and business. Mr. Ghosh has filed separate extortion forgery cheating and criminal breach of trust case in Oshiwara Police station against Mr. Shah.   

At this vulnerable juncture, Aayush Shah, along with Mausam Shah and Ashit Shah, allegedly misrepresented themselves as licensed moneylenders. They offered financial assistance at interest rates comparable to banks but demanded multiple blank security cheques — some valued at up to six times the actual loan amount — in the names of both directors and the company.

Despite Ghosh’s insistence on formalizing the arrangement with a loan agreement, the trio allegedly avoided documentation, claiming the transaction was a favor. Over the following months, they reportedly raised the monthly interest to as high as 7.5%, resulting in Ghosh repaying ₹2.5 crore against a loan of just ₹72 lakh.

Despite settling far more than the principal and interest, Ghosh claims the accused refused to return the blank cheques and instead began demanding ₹3 lakh per day or a lump sum payment of ₹85 lakh. When extortion and threats intensified, Ghosh lodged a formal police complaint on January 25, 2025.

He has since taken further legal action by filing a defamation case of ₹10 crore, citing false propaganda and attempts to tarnish his public image and business reputation.

About Myfledge:

Myfledge is a premier institute group offering specialized training in aviation and hospitality. With over 15 branches nationwide, it has established itself as a leader in professional development and vocational education, specilaising in Aviation and Hospitality sector training and placement services, having it’s branches in Bangalore, Mangalore, Mumbai, Navi Mumbai, Surat, Bhopal, Lucknow, Siliguri, Raipur, Guwahati, Chandigarh and Dehradun.