Many in Telugu states believe that Akkineni family is well to do with good interest in media business including the recently sold MAA TV business. Then how come there is an attachment notice from Andhra Bank and Indian bank stating that it is being done for non payment of Rs 62 cr dues by the Akkineni family?
(As per market sources Akkineni famaily’s net worth far exceeds this small amount of Rs 62 crores. In such a case, why did they they not act on the banks’ notice for 2 full months and allowed banks to repossess a prestigious studio for a mere 62 crores. We have our guesses but can’t put them in black and white. So, think hard!! The answer is not too difficult to guess)
Here is the press AD by the banks.