Tollywood producer Bellamkonda Suresh office has been seized by Kotak Mahindra Bank officials as he failed to repay the loan taken from the bank.
Suresh who produced films like Aadi, Chennakeshava Reddy, Lakshmi Narasimha, Golimar, Rabhasa and Alludu sreenu has taken a loan and failed to repay 7 cr to the bank. After several notices , the bank officials have seized his office.
Bellamkonda spent huge for his son’s debut film Alludu Seenu , which ended up in losses. Buzz that he also financed for his son’s second film Speedunnodu , which also bombed at Boxoffice.
Bellamkonda Suresh went into deep debt, up to Rs 60 crore, with series of flops for last four years. NTR-starrer Rabhasa was one among them which made him to owe Rs 25 crore to Multidimension, a production house that finances and distributes films earlier.