Hyderabad: Noted producer of Tollywood Bellamkonda Suresh office seized by Kotak Mahindra Bank officials for not paying the loan in time.
Bellamkonda Suresh a well-known film producer of Tollywood is facing a bad time now. He is popular for budgeting films for big Heroes and on a high noted budgeted films. But the scenario has been shocking as his office in Film Nagar chamber was seized by the Bank officials early today.
Kotak Mahindra bank has issued a notice to the popular Producer as a defaulter for the loan taken and not repaying it on time. The details have been not yet known as how much loan did Bellamkonda has taken from the bank and what guarantee or sureties he has kept for the loan.
The Bank officials have informed that Mr.Suresh was not responding to the requests made by the bankers for the repayment of the loan taken and, as a result, they have locked out the office.
Bellamkonda in recent times has launched his son Bellamkonda Srinivas in the Tollywood industry. He himself had produced the Introductory film of his son. The film ‘Alludu Seenu’ did not do well at the box office in spite of heavy advertisements and casting efforts. The top movie technicians were used for that film. But in continuation Mr.Suresh has again filmed ‘Speedunnodu’ with his son for the second time which was an utter flop at the box office.
It seems that this may be the reason for the producer to run into losses and non repayment of the loan.