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This house is in Potomac:
This house is in Fairfax:
If you missed last November’s auction for a 25,0000 square-foot mansion in Fairfax, have no fear: Virtually the same property—-this time in Potomac—-will be auctioned off in September.
Both homes were previously owned by Vijay K. Taneja, “a Fairfax County mortgage broker and Bollywood film impresario,” as described by the Washington Post back in January.
In early November, Taneja plead guilty “to one count of conspiracy to commit money laundering in connection with a mortgage fraud scheme involving his company, Financial Mortgage, Inc,” according to the U.S. Attorney’s Office Eastern District of Virginia.
Here’s more from the U.S. Attorney’s office:
Beginning in 2001, FMI began defrauding a series of warehouse lenders and eventually two other financial institutions serving as long term investors, causing an accumulated loss of at least $33 million to four financial institutions by the time FMI filed for bankruptcy in June 2008.
Tranzon Fox handled the auction of Taneja’s Fairfax property last year. That sprawling eight-bedroom home included features fit for European royalty: An indoor pool with retractable roof, an indoor squash and racquetball court, and tennis/basketball/sport court with lights. The property was his “dream home,” according to the same Post article quoted above.
This Potomac house—-slightly smaller at 21,500-square feet—-has a humongous wine cellar, a 12-seat movie theater, and “a spa/exercise room with sauna, steam room and full bath.”
Taneja’s Fairfax home went for $4.068 million, according to Michelle Stein of Tranzon Fox. And “Yes, we have invited the bidders on Summit to participate in the auction of the Bronson home…,” says Stein.
The auction is set for Sept. 17 at 11 a.m.
Update, 3:13: According to ABC News: “Two films [Taneja] produced in 2006 and 2007 — “Humko Tumse Pyaar Hai” and “Aap Kaa Surroor: The Moviee – The Real Luv Story” — were major Bollywood releases that featured established stars including Arjun Rampal, Bobby Deol, Himesh Reshammiya and Malika Sherawat, said Priya Jaikumar, an associate professor at the University of Southern California’s School of Cinematic Arts.
A civil suit filed against Taneja alleges the fraud was motivated in part by a desire to raise money for the production of ‘Aap Kaa Surroor,’ which carried a budget of $16.5 million — very large by Bollywood standards.”