Advertisement
Home PoliticsGossip

'Kalabandhu' Subbarami Reddy In Financial Troubles?

'Kalabandhu' Subbarami Reddy In Financial Troubles?

Not every day in life is the same for everyone. Circumstances can change, and fortunes can fluctuate. The wealthy may find themselves in poverty, while the poor may become affluent.

Even the most influential individuals may encounter times when they need financial assistance from those around them.

We are talking about T. Subbarami Reddy, a politically influential figure in Delhi and a devoted follower of Shiva.

In the past, wherever Subbarami Reddy went, Bollywood celebrities would flock to attend his parties in Mumbai, and also many local celebs would gather when he visited his guest house in Visakhapatnam.

During the elections, money was distributed to the people by him. Numerous film actors would eagerly line up to attend functions wherever he held them. However, these days are now in the past.

Rumors are circulating in Tollywood about the troubles faced by Kalabandhu.

Reports suggest that his companies are heavily indebted to banks, with assets being seized, bankruptcy petitions filed, and other such financial difficulties. These circumstances have sparked various speculations about the current condition of TSR.

There was a time when Subbarami Reddy helped many producers who are in financial trouble to release their films. Many instances are known where he spent crores of rupees to extend his support.

He had many big friends in the industry such as ANR, Mohan Babu, and Nagarjuna. However, now it is being reported that TSR is facing difficulties even with transactions involving amounts as small as five or ten lakh rupees.

Despite owning several assets, it appears that they are under siege in different ways. Consequently, the same people who once sought his help are now reportedly facing requests for assistance from TSR.

Since there is currently no Congress government at the center, TSR's situation is said to be unfavorable. If the party was in power, he would have the influence to directly approach Sonia Gandhi for support.

Tollywood insiders claim that his stature has diminished due to the current circumstances. At the age of 79, TSR maintains a good physical condition and spends hours immersed in Shiva Puja.

His name is known in every household in Northern Andhra due to the grand Maha Shivratri festival held in Visakhapatnam every year, which incurs significant expenses.

The children of TSR's brother, who were once influential figures in the Deccan Chronicle, experienced both great success and subsequent downfall. Now, TSR finds himself in a similar situation.

RELATED ARTICLES

Tags: T Subbarami Reddy Financial troubles