With Export-Import Bank of India (Exim Bank) setting stage of auction of Rajnikanth’s wife’s two acre land in Kanchipuram Districit, it is highly publicized in media that the Superstar has fallen into a crust of loses as he failed to repay the 20 Crores loan. As the company Mediaone Entertainment that produced Kochadaiyan has taken loan of 20 crores from Exim Bank with Latha Rajnikanth’s surety, bank officials have decided to auction the guaranteed asset for loan recovery.
In a statement issued today, Mediaone has asked media house to not speculate about Rajnikanth’s financial status. As the loan is in the process of settlement, they want everyone to not pull Latha Rajnikanth into the matter.
According to discussions in media, as Eros Entertainment has brought the whole of Kochadaiyaan, why did the money paid by Eros was not paid to Exim Bank by Mediaone? Anyway, Rajni’s fans need not worry as the dispute is between Mediaone and Exim Bank, but not regarding Rajni’s properties.
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