Rajinikanth’s property worth Rs 20 crore to be auctioned

[email protected] (BollywoodMantra)
December 27, 2014

Mumbai, Dec 27: Rajinikanth’s wife Latha is in financial trouble. Exim Bank has put the superstar’s property on auction to recover the money. The production house Mediaone Global Entertainment Limited took Rs 20 crore loan from bank but failed to return the loan. Including interest, the loan amount reached to Rs. 22.21 Crore. Now to recover the money, Exim bank has put Rajinikanth’s wife's 1.5 acre property in Padapai, Kancheepuram district, nearly 80 km from Chennai on auction.

The bank published auction advertisement in print media. Rajini’s wife Latha stood as a guarantor for a loan to Mediaone Global Entertainment Ltd.

Rajinikanth"This amount is due as on July 17, 2014 together with further interest and liquidated damages as per contractual rates and other expenses/costs thereon with effect from July 18, 2014 till payment within 60 days from the date of receipt of the said notice. The borrower in particular and the public in general are hereby cautioned not to deal with the property/asset and any dealings with the property/asset will be subject to charges of Exim Bank for the amount outstanding as per its security documents, with further interest, costs, expenses and charges thereon with payment," the notice said.

Film industry sources said the superstar’s financial crisis begins after ‘Lingaa’ doomed at the box office. "Linga is a commercial failure. Already distributors have upped their ante and some of them have started demanding compensation from Rajinikanth. A few among them have indeed planned to picket the superstar's residence demanding compensation. After Rajinikanth compensated several distributors in a situation like this 10 years ago when his film Baba flopped, the distributors tasted blood. Now they want the superstar to repeat the same. But I don't think Rajinikanth will yield this time," says a producer on condition of anonymity.

Another source said that the mistake lay on both sides, Latha Rajinikanth and Exim Bank. "Latha Rajinikanth should had known her obligations and so was the bank and I think both failed in their fiduciary responsibilities," says Shyam Sekar, an independent financial analyst.

Two consecutive flops, ‘Kochadaiyaan’ and ‘Lingaa’ land the superstar in financial problem. Rajinikanth's serious ailments in 2011 further worsen his condition, "In 2011, he fell seriously ill and was taken to Singapore Mount Elizabeth Hospital for treatment. He was there for a few months. Though he acted in two films after that, he has not fully recovered yet," says an industry source.

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News Network
June 19,2020

New Delhi, Jun 19: After the recent sudden demise of Sushant Singh Rajput, actor Kangana Ranaut who went public slamming nepotism in the Hindi film industry, has now revealed that she faced similar struggles like that of Sushant.

In a new statement, the "Queen" actor alleged that she was asked to apologise to Hrithik Roshan's family in order to survive. Both Kangana and Hrithik had been in the public spotlight in the year 2016 over their alleged former relationship and legal battle.

The 'Queen' actor said: "Once Javed Akhtar had called me to his house and told me that Rakesh Roshan and his family are very big people. If you don't apologise to them, you will have nowhere to go. They will put you in jail, and eventually, the only path would be that of destruction...you will commit suicide. These were his words. Why did he think if I don't apologise to you will have nowhere to go. They will put you in jail, and eventually, the only path would be that of destruction...you will commit suicide. These were his words. Why did he think if I don't apologise to Hrithik Roshan, I would have to commit suicide? He shouted and yelled at me. I was shaking in his house,"

She further continued, "Were there people calling Sushant? Were there people putting such thoughts into his mind? I have no idea, but obviously, he was in a similar situation. In his interviews, he had said that nepotism cannot co-exist with talent because they don't allow the right talent to come up. I can relate to it, and hence I am raising questions. I want to know who played the catalyst in this situation?"

Kangana adds, "I know Sushant had a big fallout with Aditya Chopra also. When I refused Sultan, he had threatened he would never work with me. Ever since our industry ganged up on me. I remember so many times feeling really lonely and feeling what will happen to me..."

The 'Manikarnika' star also revealed that all this not only happened to her professionally but personally as well it hampered her relationships. "They are very insecure about things. Despite what they did to me, there was a guy who wanted to get married to me. But he distanced himself, they made sure he ran away. With no surety about my career, my love-life completely has gone awry, with six court-cases against me, they're still trying to put me in jail."

Kangana also talked about herself: "I'm a different person; I'm very expressive. I went out there, and I just vented it out. Sushant was not a person like that at all. He just bottled it up. Media too has played a considerable part in this--the kind of monster image that was given to him. Everybody who knew him closely agrees that he was a soft and emotional person. I think that after a point it really got to him. I can understand it because even I have been portrayed as a witch and as a stalker."

Sharing that the bullying and outbursts had a psychological impact on her life situations, Kangana says, "I remember initially when people used to come to my home, I felt so embarrassed to even offer them water. Forget having a relationship or going on a date post the disaster of a relationship I had. I can only imagine that even during Manikarnika what they did to me."

Talking about the 'Kai Po Che' star, she added, "But perhaps he was just not able to vent. In fact, all these constant jibes on these petty show that he should be killed and which rated him as the least efficient... his films have done more business than your Gully Boy. People like Salman Khan said who Sushant Singh Rajput? It was after M.S. Dhoni: The Untold Story, everybody knew who Sushant was. We need to stop these."

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News Network
July 26,2020

Mumbai, Jul 26: Just days after actor Kangana Ranaut made some claims on Sushant Singh Rajput's suicide case and asked why the Mumbai police is not summoning some people of the Hindi film industry, Maharashtra Home Minister Anil Deshmukh on Sunday said that film director Mahesh Bhatt and Karan Johar's manager will be called for the questioning.

"Tomorrow Mahesh Bhatt will be called for questioning and we will later call Karan Johar's manager too. If required Karan Johar can also be called for the questioning in Sushant Singh Rajput case," he said while speaking to news agency.

A day Rajput's suicide, Kangana had released a two-minute video speaking highly of the deceased actor and accusing certain sections of the film industry for not acknowledging the star's talent.

Kangana had also claimed that some of the last social media posts by the actor made it evident that he was struggling to survive in the industry.

According to the police, statements of 39 people, including film critic Rajeev Masand, director-producer Sanjay Leela Bhansali, and filmmaker Aditya Chopra have been recorded in the investigation so far.

Rajput was found dead in his Mumbai residence on June 14.

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Agencies
July 3,2020

Mumbai, Jul 3: Renowned Bollywood choreographer Saroj Khan died early on Friday morning due to cardiac arrest. She was 71.

The three-time National Award winner, who had choreographed some of the most memorable songs in Hindi cinema, was not keeping well for some time.

She was admitted to Guru Nanak Hospital in Bandra last Saturday after she complained of breathing issues. The mandatory COVID-19 test done at the hospital showed a negative result.

“She passed away due to cardiac arrest at around 2.30 a.m. at the hospital,” Khan’s nephew Manish Jagwani said.

In a career spanning over four decades, Khan is credited with choreographing more than 2,000 songs, including Dola Re Dola from Sanjay Leela Bhansali’s Devdas, Ek Do Teen from Madhuri Dixit-starrer Tezaab and Ye Ishq Haaye from Jab We Met in 2007.

She last choreographed for Tabaah Hogaye, featuring Madhuri from filmmaker Karan Johar’s production Kalank in 2019.

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