Annapurna Studios is in debts ?

Dec 23, 2015

Akkineni Family's prestigious studio named with Annapurna which is in Hyderabad is into the news with shocking statements by Bankers in the region. 

According to the latest information, Nagarjuna is in shock with the uncleared debts announced by Andhra Bank management. The notice has been sent to Akkineni's compound clearly mentioning to pay. Andhra Bank Officials has also stated that Nagarjuna has failed to clear the debt of 37 Crore which was taken for Annapurna Studios development.

Reports confirms that along with Andhra Bank, it is Axis and Indian Bank which are also preparing to send notices for the whole amount of 100 crores in figures to Annapurna Studios which was in the name of Akkineni Nagarjuna, Supriya Yarlagadda, Nimmagadda Prasad and Nagarjuna's sister Naga Suseela. Lets see how Akkineni respond to the issue now.