Pawan Kalyan has Rs 33 Cr liabilities

Pawan Kalyan on Thursday filed nomination for Gajuwaka assembly constituency and he submitted an affidavit to the Election Commission declaring his assets and loans that he has taken.

In his statement, the 50-year-old actor turned politician said he has Rs 33 Cr liabilities. He cited all the advance amount taken from several production houses as personal loan. He declared that he took “personal loan” from Trivikram, Surekha (Megastar Chiranjeevi’s wife), Praveen Kumar and MRVS Prasad. He also took advance amounts from Mythri Movie Makers and Sri Balaji Cine Media.

On the other hand, he has declared assets worth Rs 40 crore on his name and another Rs 3 Cr on his wife and children name. He has more liabilities compared to his assets as per the declaration.

Jalapathy Gudelli

Jalapathy Gudelli is the editor and chief critic of Telugucinema.com. He has been writing film reviews since 2002. A post-graduate in Journalism from Osmania University, he also studied Film Appreciation at FTII, Pune. He can usually be found on Twitter talking about the film he just watched or updating film news as they develop. You can follow him on Twitter - https://twitter.com/JalapathyG