"I think to celebrate cinema is great but sometimes when there is too many (awards) then you tend to lose credibility. I don't think as an artist you can attend each and every awards," he said.
"I think as long as there is transparency and award function is pure in awarding an artist then its fine," Deol said in a media interaction.
"Sometimes a deserving person gets an award sometimes a non deserving person gets an award. I could never attend awards. I said there are some deserving person who gets an award so here I am for IIFA," he said.
Abhay rubbished the reports.
"That was a complete lie. I was very upset they manipulated me by getting a quote from me. I was asked are you taking a loan and they put a story out there in a wrong way and said that I am broke and all. I was extremely disappointed just to sell the stories some journalists does such things," he said.