Producer Vashu Bhagnani. | Photo Credit: Shankar Chakraborty
Senior producer Vashu Bhagnani on Tuesday said the building owned by him is being redeveloped and has not been sold to repay debts, as reported in the media.
Vashu Bhagnani recently backed a big budget action film Big brother, small brotherStarring Akshay Kumar and Tiger Shroff in the lead roles, the film also features son Jacky Bhagnani and daughter Deepshikha Deshmukh.
There were reports that Pooja Entertainment’s Juhu office was sold to settle a debt of Rs 250 crore. The production house was also accused of not paying dues and sacking most of its employees.
Vashu Bhagnani said in a statement to the media, “The building (office space) that people are talking about has not been sold to anyone, it still belongs to me. We are just redeveloping it into a tower which will have luxury homes. It was planned 1.5 years ago. I was waiting for this. Big brother, small brother After the release, we wanted to start redevelopment.”
The producer, who has started producing animation series on a large scale, also dismissed reports of laying off his employees. ‘We have been working with the same team for 10 years, we have not asked anyone to leave’, said Vashu Bhagnani, who has worked on hits from the 1990s and 2000s such as. Coolie No 1, Why fear if in loveAnd I want to tell you something,
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In addition Big brother, small brotherwhich reportedly incurred a loss of Rs 250 crore, other films of Pooja Entertainment such as Bell bottom (2021), Mission Raniganj And GanapathBoth the films releasing in 2023 also failed to perform well at the box office.
Vashu Bhagnani said that those who are claiming that Pooja Entertainment has not paid their dues yet should negotiate with the banner.
“If there are people who claim that we owe them money, they should come forward and talk to us. Do they have a proper contract with Pooja Entertainment? Have they filed any case in this regard? There are many ways to resolve this matter other than murmuring on social media.
The producer further added in the statement, “If there is a problem, we will resolve it. There is no running away. Please come to my office, talk to us, give us your documents and give us 60 days to sort things out. I am not going to succumb to any pressure or blackmail. We also work with production companies in the UK. If they owe money to anyone, people should contact them directly.”
