Nagarjuna responds to the loan rumors

Nagarjuna the Yuva Samrat of Tollywood is now facing some rumors about the handling of the huge amount of defaulted loans from some Nationalised Banks.

Akkineni Nagarjuna is the son of Akkineni Nageswarao who is the greatest actor in Tollywood and the founder of Annapurna Studios.His sons Akkineni Naga Chaitanya and Akkineni Akhil are running as successful heroes in Tollywood.His wife Amala works under coordinating various Social welfare programs and runs the Redcross for the animal welfare.

The rumors that this Yuva Samrat is facing is about the huge amount of loans that he took from some Nationalised Banks.These rumors gained more attention and Prominence when PM Narendra Modi started the demonetization of higher Denomination Rs. 500/- and Rs. 1000/- currency notes.when PM Narendra Modi initiated the denomination of higher currency this rumor came under a light that Nagarjuna holds the huge amount of defaulted loans from the Nationalised Banks

                      This afternoon, Nagarjuna wants to put an end to all these rumours and tweeted that,It’s true that they took loans from the bank to get some new film facilities at the Annapurna studios and he says that he cleared all his loans earlier this year and he also stated that this tweet is only for the people who don’t believe that he or Annapurna studios doest owe any money to the nationalized banks, he again tweeted that for the people who believe that me or Annapurna !FYI

He tweeted as the follows:

For the few who may believe so neither me nor annapurna studios owe any money to any banks!!FYI 🙏

— Nagarjuna Akkineni (@iamnagarjuna) November 17, 2016

It is true we took a loan frm banks to build new film facilities at annapurna studios earlier.ALL LOANS HAVE BEEN CLEARED EARLIER THIS YEAR.

— Nagarjuna Akkineni (@iamnagarjuna) November 17, 2016

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