Malayalam actor and producer Soubin Shahir and his co-producers Babu Shahir and Shawn Antony were recently arrested by the Maradu Police in Kerala in connection with a ₹7 crore financial fraud case related to the blockbuster film Manjummel Boys. The trio was later released on bail, having already secured anticipatory bail from the High Court.

Investor Siraj Valiyathura alleged that he invested ₹7 crore in the film with a contract promising him 40% of the profits. Despite Manjummel Boys becoming a huge success — grossing over ₹240 crore — Siraj claims he received neither profits nor a return on investment.

He also accused the producers of misrepresenting the film’s budget and violating the profit-sharing agreement.

The Maradu Police registered the case following a court order. The producers were questioned for two days before being formally arrested and then released on bail.

The Kerala High Court refused to cancel the criminal proceedings but ruled out custodial interrogation, stating that bail must be granted if arrests are made. The police suspect the fraud may have been pre-planned.

Soubin and his team have denied all allegations. They stated that the initial investment was returned and delays in profit distribution were due to the investor’s delayed fund transfers. They expressed willingness to resolve the matter legally after finalizing the accounts.

The case remains under investigation and has gained attention due to the film’s massive success, making it one of Malayalam cinema’s biggest hits in 2024.