King Nagarjuna is one among the most prominent film actors in Tollywood. Continuing his legacy in acting, the actor also proved that he is a successful businessman and entrepreneur. He has been busy with multiple films and he turned host, producer and Nag owns the prestigious Annapurna Studios in Hyderabad. He is currently busy shooting for his next Om Namo Venkatesaya in the direction of K Raghavendra Rao and the film is said to be a devotional entertainer.

After the currency demonetization, there have been lot of rumours that Nagarjuna had enough black money and currency notes which have been discontinued. The actor has been one among the list of defaulters for sometime in the past. Now clearing all the rumours, the actor has taken his official twitter that he cleared all the debts early this year. He informed that loan has been taken to build the film facilities at Annapurna Studios however every penny has been cleared. Here are the tweets

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.

— Nagarjuna Akkineni (@iamnagarjuna) November 17, 2016