The wrongdoings of Bandla Ganesh are getting exposed one after the other. As many as 66 Cheque Bounce Cases were booked against this Producer in Proddatur.
Financiers in Proddatur offered huge amounts to Bandla Ganesh who promised more interest rate than what's normally charged in the market. All of them moved the court for justice in 2017 as the cheques offered by the Producer bounced. While 66 Cheque Bounce Cases were booked against Bandla Ganesh in First ADM Court, About 21 Cases were filed in Principal Junior Civil Judge Court.
Bandla Ganesh borrowed Rs 10 lakh to Rs 30 lakh from each Financier in Proddatur for the films produced on his banner Parameswara Art Production. Total value of 66 cheque bounce cases is anywhere around Rs 8 crore. Bandla Ganesh appeared in Proddatur Court for five hearings so far. He, however, skipped the hearing related to 35 cheque bounce cases on October 18th. Following which, Arrest Warrant was issued by the Judge. Next hearing will happen in November this year.
Proddatur Financiers who offered lakhs to Bandla Ganesh out of their attraction to the glamour field are worried about their money. Why because, The total debts of this Producer are anywhere close to the budget of a high budget movie.