Putting an end to all the rumors, Nagarjuna today clarified that he is not defaulter of loans. He said neither he nor his studio owe money to any bank. “For the few who may believe so neither me nor annapurna studios owe any money to any banks!!FY,” (sic) he tweeted.
But he also agreed that he took loan for the development of new facilities at Annapurna Studios in Hyderabad. He said he cleared them off. He further tweeted, “It is true we took a loan frm banks to build new film facilities at annapurna studios earlier.ALL LOANS HAVE BEEN CLEARED EARLIER THIS YEAR.”