Actor Kamal Hasan said on thursday that the case filed b Pyramid Saimira Production International was a false alegation. "From the time the memorandum of understanding was signed with Pyramid till date, I had lost a remuneration of about Rs 40 crore. I had to turn down offers from Walt Disney Company (India) Limited and Ramesh Sippy Entertainment, as I was bound by the contract with Pyramid," said the desperate actor. He also said that he had engaged many technicians and actors for the film and had spend up to Rs 1.6 crores towards advance payments. Kamal Hasan also denied the allegation that he had diverted the funds for the production of 'Unaipol Oruvan'.