Nagarjuna slapped with legal case from Andhra Bank

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Andhra Bank slapped a legal case against Nagarjuna’s Annapurna Studios and claimed it as a willful defaulter.Nagarjuna along with his niece Supriya Yarlagadda, brother Akkineni Venkat and businessman Nimmagadda Prasad and sister Naga Suseela have taken a loan with the bank long ago and reportedly not cleared it, says sources.

The bank authorities also allege that Nagarjuna also took a loan of about Rs 65 crore from other banks such as Indian bank and Axis bank and evaded it without paying a penny.The bank officials are exploring options to augment the case with special powers and are in deliberations with RBI on the same.

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