Well, the King of Tollywood, Akkineni Nagarjuna seems to undergo a rough phase in his life. He has faced troubles from GHMC alleging that he has encroached 3 acres of land for his N Convention centre. The officials also confirmed about and immediately Nag himself demolished it without making it a big issue.


Today a leading newspaper has presented a advertisement that Andhra Bank and Indian Bank has taken up 7.25 acres of Annapurna Studios land. They stated that Nagarjuna has failed to pay the loan and also the interest that summed upto Rs 62 crores.

                                       

It seems Nag was served notices on 2/1/2014 and mentioned a 60 days deadline to clear the amount. But none of them turned up. The advertisement also gave out the names of guarantees — Nagarjuna, Supriya and Y Surendra. Naga Suseela, Venkat Roddam and Nimmagadda Prasad. The bank also alerted other parties who do transactions on these lands. So, what's up Nag? 



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