In a sudden move, the Bombay police on Monday arrested top Bollywood financier and co-promoter of B4U Entertainment, Bharat Shah. He has been charged under the Maharashtra Organised Crime Control Act. At the time of posting, he was being questioned in court.

In a related development, a special court in Mumbai has granted judicial custody to film producer Nasim Rizvi till 19 January. However, Judge P Bangale remanded Abdul Rahim Allah Baksh, the co-producer to police custody till the January 15.

Both of them were arrested last month for their alleged links with underworld don Chhota Shakeel in the production of the Bollywood potboiler "Chori Chori Chupke Chupke" and conspiring with him to kill film personalities. Shah was the financier of the film.

Ravi Gupta, MD, B4U, said he was still awaiting further details when questioned as to the repercussions the arrest would have on the channel's fortunes.