In what could be seen as the most surprising thing, Nagarjuna led Akkineni International Foundation has now lost its FRCA license, which means that they can’t get funds from foreign donors. Wonder why this happened?
Other day Union ministry of Home Affairs confirmed that they have cancelled Foreign Contribution Regulation Act license of nearly 4867 NGOs across the country as they have failed to file the IT returns from 2011 to 2016 for six financial years. This includes the license of 454 NGOs from Andhra Pradesh and 190 NGOs from Telangana losing their FCRA licenses.
Akkineni Foundation, which is operating from 2004, was founded by ANR and micro-managed by Nagarjuna and his brother Venkat. Apart from giving the popular ANR Award, the foundation undertook the CSR wing of Annapurna Studios and conducts health camps in various places including Hyderabad and Gudivada, and also providing other medical facilities for AP Film Industry Employees Federation members.
With this decision taken by Central Government, Akkineni Foundation cant get any direct funds from foreign donors. Much of the details of the whole happening wasn’t revealed, however, but it looks like Nagarjuna is getting into action to get things corrected.
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