When Amar Singh helped Amitabh Bachchan restart his “bankrupt” business


New Delhi | Rakesh Jha: Rajya Sabha MP and former Samajwadi party leader Amar Singh died in Singapore on Saturday. Singh was undergoing treatment in Singapore for the past seven months, had previously had a kidney transplant. Condolences and tributes poured in from politicians in all political circles for the veteran politician. One of the highlights of Amar Singh’s life has been his tumultuous relationship with Amitabh Bachchan. In recent years, their relationship has escalated after Singh made a series of scathing remarks against the Bachchan family. However, Rajya Sabha’s MP regretted his remark in a video he posted in February. He said, since he is on his “deathbed”, he regrets his “overreaction against Amit ji & his family”.

Amar Singh’s association with Amitabh Bachchan dates back to the 1990s. In 1995, Amitabh Bachchan went into business with the launch of ABCL. The company was created with the aim of bringing all aspects of cinema under one roof. It included film production and distribution, sale of music rights, television production and event management. It was marred by ridiculous management decisions and a series of flops like Sazaa-E-Kalapaani, Naam Kya Hai and Bacchan’s very own Mrityudaata. However, ABCL’s decision to host the Miss World beauty pageant turned out to be a big debacle. The event management arm of the company oversaw the competition and it was also a success. However, the event was financially grueling, ABCL recorded a loss of over Rs 70 million for the overnight work itself. And to make matters worse, the contest demanded a fee of $ 2 million and, combined with other costs, the bill ended up being $ 5 million. The Indian Council for Industrial and Financial Reconstruction declared ABCL a “sick” business and was left with about Rs 90 crore in debt. With his film career already in the doldrums, Bachchan has been hunted down by creditors. It was then that Amar Singh lent a hand to Bachchan and supported him to get ABCL back on its feet. In 2003, ABCL was renamed AB Corp with Singh given the role of vice president of the company.

When relaunching AB Corp, Bachchan praised Singh and called him a pillar of strength. “I’m very lucky to have a little brother like him. He gave me his hand in this mess and introduced me to the director of the Sahara group Subrata Roy and the industrialist Anil Ambani. gave me moral support and strength, ”he said, according to an article on rediff.com.

In 2004, Bachchan’s wife and renowned actor Jaya Bachchan began her political career with the active support of Singh. She became a member of the Rajya Sabha with the Samajwadi party, a position she has held ever since. Their relationship, however, deteriorated after Sing’s expulsion from the Samajwadi party in 2010. Jaya’s decision to stay with the party apparently upset him. The last straw in their relationship was when the Bashchans did not visit him, even when Singh was languishing in prison. But the actor only came after he was released on bail, but Singh was not impressed.

“… Bachchan only came after I was released on bail and hospitalized. I was very cold and formal with him because he was waiting …” Singh said. in the book India’s Most Famous, written by Sunetra Choudhury.

Posted by: Rakesh Kumar Jha

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