Exim Bank to Auction Rajinikanth property
According to reports, superstar Rajinikanth's property are for auction. With the star allegedly failed to repay his loan, Exim bank has decided to auction his property. It is learnt that production house Media One Global Entertainment Ltd has borrowed Rs 20 Crore from Exim bank during the making of Kochadaiiyaan but it hasn't paid the loan. Including interests, now the total debts is pegged at over Rs 22 Crore. In fact, the bank had mounted pressure on the production house ahead of the movie release but in vain.
With this finally the Exim bank is now going ahead for auction of Rajini's property which is in surety. The bank even announced the same on print newspapers. More details regarding the issue are awaited.
Made with a budget of whopping Rs 125 Crore (1.25 billioin), India's first photo-realistic film bombed at Box Office leaving distributors in huge losses. Directed by Soundarya Rajinikanth, the movie's budget shot up as the film's post-production work involved foreign technicians.