Producer Bellamkonda Suresh faced recovery action from a bank today. The producer’s office was raised and seized by Kotak Mahindra Bank today.
Apparently, Bellamkonda owes a huge amount of money to the bank and he has not been responding to their request for payment. This has forced the bank officials to take action.
Bellamkonda was a very successful producer at one time. He faced losses after launching his son Srinivas with massive budgets and lavish films. The latest film ‘Speedunnodu’ also failed miserably and Bellamkonda is supposed to have bankrolled the film behind the scenes.
Articles that might interest you:
- Confirmed: This Mollywood actor is set to return to Kollywood after 14 years
- GV Prakash and Aishwarya Rajesh’s DeAr locks its OTT release date
- Tillu Square makes its pan-Indian OTT debut
- Vijay Deverakonda’s Family Star is now streaming on this OTT platform
- Fahadh Faasil’s Aavesham breaches a key milestone in Kerala
- Sudigadu 2: Allari Naresh reveals the challenges involved in scripting
- National award-winning actor in Sivakarthikeyan’s next?
- Suhas’ Ambajipeta Marriage Band locks its world TV premiere date