Nag Sold Maa TV, But Failed To Repay Loan Why?
Sometimes we have money in our accounts but we can’t access by atm. We face withdrawal problem because of un-authorization by bank officials. Hero Nagarjuna facing almost the same situation. As per our knowledge, ha have crores of money. He is perfect actor and also brilliant businessman.
Earns money from two sides but he didn’t paid bank loans. Non-payment resulted to seize Annapurna Studio by banks. With this incident fans feel that their hero is not having money like they imagine. But it’s not correct reason. He have money but unable to repay.
Everyone heard about Maa TV sold to Star India, this deal value of Rs. 2,500 crores. Nag’s share is 10% in Maa so he will get 250 crores. In that time it’s not tough task to repay 62 crores of bank loans. But the process to transfer money from Star India to Maa will take one year time. So he is owner for 250 crores but not draw at least a rupee from that.
A part from that Nag started new projects by expanding his food and fun which is running with N (N grill, N district others.) also invested money for renovations in Studios. At the same time N convention faced controversy. It also had resulted heavy money for re construction of some place. So all had led Nag to stop paying bank loans.