Reliance Leisure denies financing Julie Gayet movie

New Delhi: Reliance Leisure, part of the Anil Dhirubhai Ambani Group, on Wednesday dismissed as “baseless allegations” information studies that mentioned that the corporate had signed a pact to finance a movie by French actress-producer Julie Gayet, accomplice of former French president Francois Hollande.

In line with information studies, Reliance Leisure signed the pact with Gayet’s firm simply days forward of Hollande arriving in India in 2016 and India and France signing a pact to amass 36 Rafale fighter plane beneath a authorities to authorities deal. The film deal was seen as a quid professional quo to Reliance Defence being recognized as an offset accomplice within the 58,000 crore Rafale deal.

“Reliance Leisure has not signed any settlement with Julie Gayet or her firm, Rouge Worldwide… nor has any fee ever been made by Reliance Leisure to both of them in relation to the movie movie ‘nOmber One’,” a Reliance Leisure firm spokesman mentioned in a press release.

The Congress has been attacking the federal government, alleging a rip-off within the scrapping of the sooner deal for 126 plane negotiated with the earlier United Progressive Alliance authorities.

In its assertion, Reliance Leisure, which has financed over 50 worldwide movies, mentioned it had “participated, via one among its companions, a French financing agency, Visvires Capital, within the movie undertaking involving well-known French actor and director Serge Hazanavicius, and main French actor Kev Adams”.

“Reliance Leisure has financed simply 15% of the general movie price range, and paid just one.48 million euros. The stability price of the movie price range has been financed to the extent of one other 15% (on equivalent phrases as Reliance) by a number one French funding agency, NJJ Capital, and the stability via sale of TV rights and pre-sales of world territories to a lot of events, tax credit, and so forth.,” the assertion mentioned.

The fee of 1.48 million euros was made to Visvires Capital solely “on December 5, 2017, as customary, about two weeks earlier than the discharge of the movie on December 20, 2017. “President Hollande had ceased to carry workplace in Could 2017, greater than six months previous to the mentioned fee,” the assertion mentioned. It mentioned the corporate additionally obtained “300,000 euros from the French producer of the movie for offering bodily manufacturing companies for intensive location taking pictures of the movie in troublesome mountainous terrain in Ladakh”.

“At across the similar time, Visvires Capital additionally acquired for Reliance Leisure the rights to remake a vastly well-liked and profitable French film, ‘La Famille Belier’, which goes into manufacturing within the yr 2019.

“As well as, as introduced within the yr 2017, Reliance Leisure is producing an Indo-French movie, ‘The Interpreter’, starring Kev Adams, helmed by the well-known Indian director, Vikas Behl (’Queen’, ‘Tremendous 30’), which is on the scripting stage,” the assertion mentioned.

“It’s deeply surprising that, to serve slender political pursuits, baseless allegations have been made by intentionally distorting info and falsely trying to co-relate a traditional enterprise course fee of a comparatively small quantity of 1.48 million euros to the availability of 36 fighter jets from France to India valued at practically 8 billion euros,” the assertion added.

Reliance Group firms have sued HT Media Ltd, Mint’s writer, and 9 others in Bombay excessive court docket over a 2 October 2014 front-page story that they’ve disputed. HT Media is contesting the case.

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