An advertising company has filed a complaint against Latha Rajinikanth and Murali Manohar, producer of Kochadaiiyaan. According to The New Indian Express, the complaint stated that Kochadaiiyaan‘s rights have been illegally sold to Eros International, which has also acquired Rajinikanth’s Lingaa.
Ad Bureau Advertising Private Company mentioned in their complaint that as per an agreement dated April 25, 2014, Murali Manohar sold the lease rights to them, and Latha Rajinikanth served as a guarantor. However, the films rights were later given to Eros International. The complaint read, “The whole act has been cleverly orchestrated by using different producers to avoid guilt of association, but one that clearly indicates a white collar fraud owing to breach of contract and trust and obvious guilt of association. The repayment was due before the release of the film. But since they requested and promised to repay soon after the release, we agreed.”
On the other hand, producer Murali Manohar released an official statement on the matter, yesterday. In his press release, Murali mentioned that his production house – Mediaone Global Entertainment Limited – “negotiated to borrow Rs 33 crores from Ad Bureau Advertising Private Limited before the release of the film. Ad Bureau paid only Rs 10 crores, which resulted in postponing the scheduled release of the film…”
Murali declared that Rs 4.75 crores out of the Rs 10 crores borrowed from Ad Bureau has been repaid, and a demand draft for Rs 4 crores was released on November 11, 2014. “We agreed to repay the balance with interest. But Ad Bureau demanded exorbitant interest amounts of more than 4 crores for Rs 10 crores for a period of 6 months…” He further added that Latha Rajinikanth didn’t sign as a guarantor. “She had signed some papers for the Rs 33 crores transaction, which never materialised. Involving her in this transaction, which is between two limited companies, is malicious and is done with the intention of exortion.”