At last, the truth is out; the long-rumored fallout between producer Niranjan Reddy and director Prasanth Varma has exploded into the open.
It all began with GreatAndhra’s exclusive report revealing details about the hefty advances Prasanth Varma had taken from multiple producers, which created a storm in Tollywood.
The issue quickly became the talk of the industry, leading both sides to submit formal explanations and counterclaims before the Producers Council.
Niranjan Reddy has now laid out his side of the story in full detail; step by step, with documented proof of how much money was given, when, and for what purpose.
He claims that Prasanth Varma owes him over ₹20 crore, and went on to allege that the director also owes him royalty payments worth nearly ₹200 crore related to films like Maha Kali, Jai Hanuman, and Adheera; projects that Prasanth had originally committed to make under his banner but later took elsewhere.
Niranjan Reddy has reportedly warned that these film projects should not proceed with other production houses until his financial settlements are cleared.
In response, Prasanth Varma has hit back strongly; submitting pages of rebuttals with a detailed point-by-point explanation.
He argues that it was because of Niranjan Reddy’s actions that he suffered huge financial losses and career setbacks.
He insists he owes nothing and, in fact, claims that he deserves compensation for the damages caused.
Now, the big question is; who’s telling the truth, and where does justice lie? Will this issue be resolved through the Producers Council, or will it head to court?
The outcome will directly impact several upcoming projects under Prasanth Varma’s lineup.
As of now, here’s where his announced films stand:
Jai Hanuman is not starting anytime soon, as Rishab Shetty first needs to complete his film with Sitara Entertainment.
Maha Kali has progressed only up to the poster stage.
Adheera has completed its heroine selection, and shooting might begin next month.
The Nandamuri Mokshagnya project is shelved for now, and the ₹13 crore advance reportedly needs to be returned.
The much-talked-about Prabhas film remains far from going on floors.
With financial disputes mounting and multiple producers demanding refunds, the coming weeks will be crucial for Prasanth Varma’s career and credibility in the industry. |
