Entire Nation was shocked the other day when State Bank of India announced of writing off its Rs.7, 000 Crores worth Non Performing Assets (NPA) from the account books with major share among these loans belonging to Vijay Mallya. Obviously, Indian citizens tried to attack all those celebrities in bank loan defaulters list from last few years.
While everyone connected to Telugu film industry thought about Akkineni Nagarjuna is also a member in such list, here comes the clarification.
‘It is true we took a loan from banks to build new film facilities at Annapurna Studios earlier. ALL LOANS HAVE BEEN CLEARED EARLIER THIS YEAR. For the few who may believe so, neither me nor Annapurna Studios owe any money to any banks,’ Nagarjuna informed through Twitter handle.
In the past, we’ve read and heard the reports of Andhra Bank issuing notices to Nagarjuna on attaching Annapurna Studio properties if Akkineni family members fail to repay the loan dues of approximately Rs. 40 Crores. Finally, Nag’s statement through Twitter made a lot of good sense.