YVS Chowdary's theaters seized

Feb 4, 2016

Director YVS Chowdary who has directed Rey starring Sai Dharam Tej is now in financial trouble with huge debt amount. Bommarillu Theatres in Gudivada has been seized by Andhra Bank officials due to YVS Chowdary's failure in clearing the debts.

Earlier, it is known that YVS Chowdary has taken loan amount worth 10 crores to produce Sai Dharam Tej's Rey film, the bank has approved the amount for certain period. Later, YVS Chowdary has faced severe financial issues in releasing the film and unable to clear the loan.

Due to several notices by Andhra Bank, YVS Chowdary has not cleared the whole amount worth 15 crores including the interest amount. Andhra Bank Officials now seized the theater. However there is no official announcement yet about the issue, the buzz is doing circles in filmnagar.