Movie making high risk business: SC quashes criminal proceedings against producer

NEW DELHI: (Mar 19) Observing that movie making is a high risk business, the Supreme Court on Thursday quashed criminal proceedings for cheating against a producer after he failed to return money to a financer.

A bench of justices PS Narasimha and Manoj Misra said in order to constitute an offence of cheating, the intention to deceive should be in existence.

Setting aside an order of the Madras High court, the top court said it is necessary to show that a person had fraudulent or dishonest intention at the time of making the promise.