Rajpal Yadav had set up ‘Navrang Godavari Entertainment Limited’, a production house, in the name of his parents in 2005 and taken a loan of ₹5 crore.
A part of a property belonging to film actor Rajpal Yadav in his native Shahjahanpur district of Uttar Pradesh has been sealed by a Mumbai bank over non-repayment of a loan, an official said on Wednesday. Manish Verma, manager of the Shahjahanpur branch of Central Bank of India, said the actor had taken a loan from the Mumbai branch of the bank by mortgaging his property in his native district.
When contacted by PTI, the Mumbai-based actor declined to comment on the matter. Sources close to the actor said Yadav had set up ‘Navrang Godavari Entertainment Limited’, a production house, in the name of his parents in 2005 and taken a loan of ₹5 crore from the Bandra Kurla Complex branch of the Central Bank of India in Mumbai.
At the time of the sealing of property, he owed the bank ₹11 crore, they said. On August 8, a team from the Mumbai bank sealed a part of the house located near the Dak bungalow, they added.
According to locals, the bank officials sealed the building in such a hurry that they failed to even switch off electrical items inside the house. Superintendent of Police Ashok Kumar Meena said he had no information about the sealing as local police’s help was not sought in the matter by the bank.
His theatre guru from early days, Jarif Malik said the award-winning actor hails from Kunda village of Shahjahanpur district and visits the place at least once every year without fail. Yadav got his initial education in Banda town there and after that, he moved to Shahjahanpur for graduation. It is during his stay in Shahjahanpur that he became interested in theatre, Malik said.
