Puri let down by aide again This is a sad case of Tollywood director Puri Jagannath falling into the trap of a 'builder'. The story goes like this: Puri Jagannath owned some land in the prime locality of Jubilee Hills.
Following an understanding with a real estate businessman, Subbaraju, the land was mortgaged to State Bank of India (SBI) and loan availed to the tune of Rs 5 crore approximately. While Puri was supposed to repay Rs 2.5 crore, the builder was supposed to repay the other amount.
Construction on the land was completed soon and the apartments sold for fancy prices. But recently, the residents of the apartments were in for a shock when they received 'notices' from SBI as 'defaulters'.
Apparently Subbaraju had not kept his side of the bargain. They promptly filed a complaint against Puri and his wife Lavanya. However, Puri and his wife managed to secure anticipatory bail from the Nampally Court, Hyderabad. Subbaraju is currently believed to be absconding and Puri has filed a case on him as well.
Puri Jagannath in the past incurred huge financial losses because of having been cheated by his trusted aide. It is sad to see him in such a mess again!
News Posted: 3 September, 2014
|