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Nitin Desai Death: Art director took loan of Rs 180 cr
Updated On: 02 August, 2023 04:45 PM IST | Mumbai | mid-day online correspondent
Nitin Chandrakant Desai was found dead at his ND Studios in Karjat this morning. He died by suicide. While his family is yet to issue a statement, reports claim that the art director was dealing with a financial crisis.
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Nitin Chandrakant Desai. Pic/Google
The news of veteran art director Nitin Chandrakant Desai`s death by suicide shook the film industry. He was reportedly found hanging within the premise of his ND Studios in Karjat, Maharashtra. While his untimely death is being investigated by the cops, reports claim that Nitin allegedly died by suicide due to a financial crisis. According to a report by India Today, the art director had taken a loan of Rs 180 crores from a finance company.
A source close to the development told the portal that Nitin had also mortgaged his land and other properties. Reportedly, he was unable to pay the loans and was in huge debt. The report further stated that the company sent a letter to the collector and proposed to recover the money that the art director took from them.
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