Rajinikanth’s Property were Auctioned by the Bank

RajinikanthRajinikanth is in a great due to ‘Lingaa’ by claiming the film to be a flop, the distributors demanding repayment of the loss. Thalaivar seems to have landed in fresh trouble. And it seems like the ghost of ‘Kochadaiiyaan’ failure is refusing to get off Rajini’s back.
A notice was given to superstar’s wife Latha Rajinikanth from bank, stating that the 2 acre property is now under their possession due to failure of paying the debts to the bank. In newspaper it is stated that Mediaone Global Entertainment Ltd is been claimed by the bank for not paying the repay of Rs 22.21 crores which was granted by the bank as financial assistance to Rajini-Deepika starrer animated flick ‘Kochadaiiyaan’.
M G E Ltd clarified that they has borrowed Rs. 20 crore from EXIM BANK and the company is in the process of clearing the Loan on or before 31.03.2015 and had various discussions with officials of Exim Bank in December 2014 to settle the matter.
‘Kochadaiiyaan’ has made great loss of epic proportions for the superstar.