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Telugu Financiers Retaliate Against Puri Jagannadh

Team VC |Thursday, 27 Oct 2022 - 4:28 PM

Puri jagannadh files police complaint financiers liger
Puri jagannadh files police complaint financiers liger

After Puri filed a complaint, Telugu financiers took a stand against the director

After the box office debacle of Vijay Deverakonda-Ananya Panday starter Liger, director Puri Jagannadh promised to compensate for the losses incurred by distributors. Time and again, Puri reassured to help the distributors and financiers who invested in the pan-India project ‘Liger’, monetarily. However, the director has reportedly been bombarded with calls of protest and similar messages personally, and on WhatsApp groups of the distributors. Reacting to such messages, Puri threatened to take legal action if such works to defame him continued and he did as said last night when he filed a police complaint at the Jubilee Hills Police Station against financiers - Warangal Srinu and G Shobhan Babu.  

Financier Shobhan retaliated to Puri's police complaint and statement by threatening to cut financial support for the latter's projects. The financier further added that the union of financiers will also cut ties with Puri for his actions and was reportedly quoted saying, “I alone am aware of how I supported Puri when he needed it the most. If there's a dire need for (police) cases, even we can make up for the drought by filing cases of default cheques that are lying around in bulk. How can we threaten Puri when he hasn't been responding to our calls right from the next day of Liger's release? Does informing amount to threatening nowadays?” 

Further, along with Shobhan and Warangal Srinu, the joint financiers and distributors community questioned why Puri and Charmme Kaur (also the producer of ‘Liger’) didn't respond to their innumerable phone calls. They added that the nil response from the producers led them to stage a protest. Rumour has it that the financiers of the Telugu film industry are enraged after Puri didn't respond on time and have mutually decided to not bankroll the director's upcoming movies.

This statement from Shobhan Babu comes after Puri filed a case against him and his compatriot - Warangal Srinu, on charges of blackmail and threats. The two distributors were allegedly planning to stage a protest outside his house on Thursday. In the complaint, Jagannadh stated that he currently resides in Mumbai and is scared for his family, who currently stays at his Hyderabad residence, where calls of a protest are being made. Afraid that the distributors might instigate violence by entering his premises and physically/mentally harassing his family to unlawfully extract monies, Puri filed a complaint requesting to arrange police protection for his family. 

“This is a clear case of blackmailing and harassment to illegally extract money from me. If Mr Warangal Sreenu or any of the sub-distributors have any grievance or believe that I or my firm owes any amounts, they ought to have filed a civil case before an appropriate court and cannot threaten or arm-twist me in an illegal manner only to extract monies that I don’t owe,” he mentioned in the filed complaint. Puri has also sought strict actions and investigations against the distributors. The ‘masstermind’ filmmaker also remarked, “Why didn't distributors file a civil case against me if they believe that I owe them money?”

Amidst all the fuss, a recently leaked viral audio clip captured the conversations of Puri with an unknown caller. Puri was heard saying, “What, are you blackmailing me? I don't need to return money to anyone. Still, I am giving, feeling sorry that they too incurred losses. I already spoke to buyers, and we agreed upon an amount. I asked for one month's time, as I am supposed to get some money. Even after my promise, if they do this, then I do not feel like giving the money.”

The director in the leaked audio clip also mentioned that he would pay everyone but those who plan to stage protests and defame his identity even after promising to reduce the damages they had incurred.

Updated date:  Thursday, 27 Oct 2022 - 4:28 PM

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