It is a known news that Tamil Superstar Rajinikanth's wife Latha took Rs.20 crores loan from Exim Bank through her production house Mediaone Global Entertainment Limited some time ago but failed to return the loan. The loan payable increased to Rs.22.21 crores. To recover the money, Exim Bank has put Rajinikanth's wife's 1.5 acre property in Padapai, Kancheepuram District into auction.
However, Mediaone Global Entertainments Private Limited has released a press note stating that the company is in a process of clearing the loan by 31st March of next year and had various discussions with officials of Exim Bank to settle the matter. The production house further requested media not to publish the articles involving Latha Rajinikanth as they are currently on the process of settle the issues.