Vashu Bhagnani recently revealed that he was merely a "namesake producer" of Coolie No. 1. Recalling the massive investment made in the film, the producer shared that despite spending heavily, the makers suffered huge losses.
Speaking about the numbers, Vashu claimed that the film resulted in a loss of nearly Rs. 27 crore.
During a conversation with Bollywood Hungama, Vashu said, "I told David ji that I want to make Biwi No 1. We suffered a loss of around Rs. 27 crores in Coolie No 1." He further alleged that he was only the "namesake producer" of the film. Speaking about the production expenses, Vashu stated, "It was David ji who 100% handled the production and expenses. I paid David ji big money to make that film; almost Rs. 70 crores, which was not even his worth."
Vashu further recalled David Dhawan assuring him that all the losses would eventually be recovered in the future. He then spoke about collaborating on Biwi No. 1 alongside Rohit Dhawan. According to Vashu, after working on the film for nearly six months, Rohit informed him one day that the script was still not ready. Three months later, Vashu claimed that Ramesh Taurani and David Dhawan joined hands to make the film independently.
Recalling his reaction, Vashu said, "I felt a little bad, but then I realized that I can't stop them. One year later, I saw 'Chunari Chunari' was a part of that film. I called David Dhawan and asked them, 'How can you do this?'"
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