Vishnu Manchu lost Rs 2 crore
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In an industry where crores of rupees transforms into an expensive movie set, a designer costume, action sequence and elephantine star remunerations, financial betrayals have become very common. Whats ironical these days is most actors and star directors are facing troubles from their own managers.
Sources say actor Vishnu Manchu lost Rs 2 crore thanks to financial mismanagement by his childhood friend and production designer Ashok Kumar Raju. Apparently Ashok who managed the finances of Vishnu's 'Vasthadu Naa Raju' escalated bills and even took commissions from vendors enhancing the project estimation by Rs 2 crore. No sooner than Vishnu got to know of it, he fired him. Ashok now has joined producer Dil Raju's camp.
"I got to know of it and I was shocked. He was my childhood friend. It was tough for me to do it but had to ask him to leave" Vishnu said, not willing to divulge more on the topic.
Ditto with Puri Jagannath's manager Krishna who reportedly swindled off crores of rupees leaving the director in debts. Krishna was supposedly the right hand man of Puri and the director trusted him with crores of rupees. As Puri washed his hands off Krishna, he went and joined NTR Junior as his manager.
Actor Raja Raveendra was almost like a shadow of Mass hero Raviteja. Any director who wanted to make a film with Raviteja had to go through Raja Raveendra. Last heard, he made the most of Raviteja's trust and earned a bomb. Besides, he bad mouthed Ravi leaving the actor with no option but to get rid of him. Raja Raveendra now believably handles Manchu Manoj's dates.
Apparently actor Bramhaji has replaced Raja Raveendra as Raviteja's right hand man. Ditto with several actresses who have changed their managers as they realise the financial irregularities with their accounts.
Industry sources say a former manager of actress Richa Gangopadhyay ruined her career with wrong suggestions to an extent that she doesn't have a single movie in Telugu now.
"Sorry fact is that this industry is a very small world. These managers leave one star and join the other. But offlate once they are branded for financial irregularity, they are no more hired to look after budgets. They are given some other job like press releations or publicity design et al where money is not involved" said a director in Tollywood.
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