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Producer takes back case against financer
Updated On: 24 August, 2010 08:00 AM IST | | Imran Gowhar
The financier had allegedly threatened him and demanded Rs 90 lakh against a Rs 23.5 lakh loan for a movie
The financier had allegedly threatened him and demanded Rs 90 lakh against a Rs 23.5 lakh loan for a movie
Producer Saravanan, who had lodged a complaint against Chennai-based financier Govindrajan for cheating and criminal intimidation, has decided to withdraw the case.
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Saravanan had borrowed Rs 23.5 lakh from Govindrajan for his film, but the financier allegedly demanded Rs 90 lakh from him as repayment, and threatened him with dire consequences if he failed to pay up.
Saravananan has agreed to pay Govindrajan Rs 50 lakh now to settle the matter.
Since October 2009, Saravanan has been shooting for a movie that is being made in two languages. The film, Lahiri in Kannada and Yaar Indha Devathi in Tamil, is slated for release in November.
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| Saravanan has worked on hit films such as Sivaji: The Boss, Thirupathi, Minsaara Kanavu, and Ayan Read Next Story Trending StoriesLatest Photos |
