Nagarjuna's Clarification on Bank Debts

Nagarjuna's Clarification on Bank Debts

Soon after Prime Minister Narendra Modi announced the demonetization masterstroke, Nagarjuna Akkineni was one of the very first celebs to congratulate him for making such historical move.

Not long after, some people started trolling the senior actor saying a bank defaulter was praising the decision made to checkmate people like him in the first place. These speculations went viral. A vexed Nagarjuna, has now given clarification on the status of his bank loans.

Just a while ago, Nag took to twitter to divulge that he indeed took loans from the banks for the development of Annapurna Studios in Hyderabad and that he cleared off those debts and he was not a defaulter.

"It is true we took a loan from banks to build new film facilities at Annapurna studios earlier. ALL LOANS HAVE BEEN CLEARED EARLIER THIS YEAR. For the few who may believe so neither me nor Annapurna studios owe any money to any banks!!" Nagarjuna tweeted in order to put an end to the rumors.

It may be recalled that last year Andhra Bank declared Nagarjuna as a defaulter and since then he has been targeted.