Bank seizes producer Bellamkonda's office

Thursday, March 3, 2016 - 20:00

At one time, producer Bellamkonda Suresh ruled the industry with many big productions. But with the series of failures and the costly mistake he did with 'Alludu Seenu', he lost heavily and is staying away from producing movies.

He has also become loan defaulter. On Thursday (March 3rd), Kotak bank officials seized his office in Filmnagar in Hyderabad as he didn't repay the loan of Rs 11 Cr he took from the bank mortgaging his office.

Bellamkonda Suresh launched his son Bellamkonda Sai Srinivas in Vinayak directed 'Alludu Seenu' with the budget of nearly Rs 30 Cr. Although the film received huge collections, he ended up losing nearly Rs 15 Cr. Added to these, he reportedly lost on some other movies.