Breaking – IIFA to be sued for 7 million dollars

The prestigious awards function of Bollywood IIFA that is usually held in different parts of the world is in jeopardy this year. ‘International Indian Film Academy’ awards are to be held in America this year, and the event is organised by Wizcraft. This event is facing a legal law suit from Travel agent Akarsh Kolaprath, who runs a Florida-based enterprise, for alleged breach of trust.

As per sources, Kolaprath claims that about three years ago, he struck a deal with Wizcraft. As a part of the deal, he was apparently asked to help them out with co-ordination of finances and taking the award ceremony to the United States this year.

Kolaprath claims to have spent the last three years and around $2,65,000 on consulting and making travel arrangements for the organisation and even making the hotel bookings for the event. In return, Wizcraft apparently promised him 3 percent of the entire profit. It seems that the event organisers have abruptly changed their mind and decided to do their own bookings and arrangements thereby cancelling his services.

Now Kolaprath has sued Wizcraft for $7 million dollars for leaving him in the lurch without giving them adequate reasons. His company, 7 M tours, reported a loss of more than $400,000 in hotel cancellation fees due to change of dates.

Kolaprath said, “This has affected us very badly; we have been working on the whole thing. I was the one who introduced them (Wizcraft) to the sponsors. But suddenly after we had done all the arrangements, we got to know that they were dealing directly with the sponsors and wanted me out of the picture. Their intention is not right.” He has now asked for a stay on the event till this issue is cleared. “They have been trying to reach some kind of settlement but I will go ahead with my case.”

Sabbas Joseph, director of Wizcraft and IIFA, said, “The claims made by Akarsh & 7 M tours are false and frivolous. It is a concocted story lacking any substance. Since the matter is sub-judice, we shall respond to these claims appropriately before the court.”

Well looks like a legal tangle that might take some time to unravel.