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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May 2,2020

Washington, May 2: American singer Ariana Grande and Justin Bieber have teamed up to help others in need during the COVID-19 pandemic.

Grande and Bieber announced on Friday(local time) that they are working on a song, 'Stuck With U,' which will drop next week with all proceeds slated to go to coronavirus relief.

The 26-year-old songstress Ariana tweeted on Friday, "Stuck with u by me and @justinbieber out May 8th. head to my Instagram for more info. thank u to @1strcf and @sb_projects for making this possible."

Grande also announced the news on Instagram, and wrote, "Grateful to announce that my friend and i have partnered with @1strcf and @sb_projects on this release. proceeds from the streams and sales of #stuckwithu will be donated to first responders children's foundation to fund grants and scholarships for children of healthcare workers, emergency medical technicians (EMTs), paramedics, police officers and firefighters serving at the front lines during the global pandemic."

The 26-year-old pop-star Bieber, also added in a statement, "More than ever we are seeing the selfless, tireless and amazing work that doctors, nurses and healthcare providers give to the world every day. It is our hope we can lend our voices to raise awareness and give much-needed support for them and their families. It's my honour to come together with my friend Ariana and our SB Projects family to try and do some good."

The two music superstars have also independently been helping people in need. According to sources to Page Six, Grande, who has been communicating her longing to make music during the quarantine, has sent fans between 500 and 1,000 USD using the Venmo app.

One of the Ariana fans told Page Six that the 'Senorita' singer "took care of my salary for the month." She has helped more than 20 fans, said the outlet.

The '7 rings' singer also joined the Disney family singalong in April and sang 'I Won't Say I'm In Love' the animated film 'Hercules.'

Back in February, Bieber cantered his efforts on China, saying at the time that he "couldn't imagine how scary it would be if a new disease was effecting my wife and my family and friends."

The 'Yummy' singer said he made a donation to the country and urged his followers to join in on the conversation.

Bieber also accepted the #AllInChallenge to raise money for COVID relief. The singer said he will fly to your house for a private concert and sing 'One Less Lonely Girl.'

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News Network
April 10,2020

New Delhi Apr 10:  Actor Salman Khan on Friday thanked people for staying indoors and shared two pictures, first showing Bada Qabaristan's (graveyard) gate which has been closed due to lockdown and the second was of an empty street in Mumbai.

The actor thanked the people for listening to the guidelines and understanding the gravity of this situation amid the 21-day government-imposed lockdown in view of coronavirus outbreak. The tweet by 'Dabangg' actor came soon after the conclusion of Shab-e-Barat.

Shab-e-Barat is observed as a day of forgiveness or atonement in Islam and leads to congregations at graveyards and religious places.

The 54-year-old actor took to Twitter and wrote, "Wah! Thank u for listening n understanding the gravity of this situation the country is in. God bless n protect each n every 1.

Over the past few days, appeals were made to the Muslim community from several quarters to not venture out of their houses to pray on Shab-e-Barat in view of the COVID-19 lockdown.

Earlier, the 'Tiger Zinda Hai' star shared his lockdown experience in a video message with nephew Nirvaan and urged people to take the government's advisory of self-isolation seriously amid the rising cases of coronavirus in the country.

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News Network
April 8,2020

Washington, Apr 8: Choosing stethoscope over the crown, Miss England 2019, Bhasha Mukherjee, has returned to work as a doctor as the world battles with coronavirus pandemic.

According to CNN, she was a junior doctor with a specialisation in respiratory medicine, before being crowned as Miss England in August last year. The beauty queen, who has her roots in India's Kolkata city, had taken a career break from the medical field.

She had paused her medical career for some humanitarian work that she was offered by several charities and was on a tour to different countries including India.

"I was invited to Africa, to Turkey, then to India, Pakistan and several other Asian countries to be an ambassador for various charity work," CNN quoted her as saying.

She had been in India at the beginning of March for four weeks. During her stay as an ambassador of the Coventry Mercia Lions Club, the 24-year-old had visited several schools and had donated stationery and other items to the needy.

Mukherjee then returned back UK as the situation worsened there with the coronavirus spreading at a fast rate. She then contacted the hospital and asked them that she wanted to rejoin.

According to CNN, the Miss England beauty pageant winner said that she felt wrong to be wearing the crown while people around the world were dying from the virus.

"When you are doing all this humanitarian work abroad, you're still expected to put the crown on, get ready... look pretty. I wanted to come back home. I wanted to come and go straight to work," CNN quoted her as saying.

"I felt a sense of this is what I'd got this degree for and what better time to be part of this particular sector than now. It was incredible the way the whole world was celebrating all key workers, and I wanted to be one of those, and I knew I could help," she added.

As the beauty queen has a recent travel history, she is currently in self-isolation and will return to work once her quarantine period is over.
She was crowned as Miss England 2019 in August last year.

According to World Health Organisation, 13,53,361people have been affected by coronavirus and over 80,000 people have lost their lives to it.

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