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For the past few days, there were reports that Vashu Bhagnani is in a debt of 250 crores, due to which the office of his production house Pooja Entertainment is being sold. However, he himself has given an official statement and called these reports a rumour. Now Vashu Bhagnani has told that Akshay Kumar called him after hearing the news of the office being sold. Akshay told him that he would help him.
Vashu Bhagnani has said, 'Akshay was the first person who called me and told me not to worry. If you need any kind of help, let me know. He helped me unconditionally. I also got calls from Sunny Deol, Sunil Shetty and old friend David Dhawan. I am very impressed with all of them, they always stand by me.'
Akshay Kumar was recently seen in Vashu Bhagnani's production film Bade Miyan Chote Miyan.
Calling the film industry his first love, Vashu Bhagnani has said, 'I love the film industry. It is my life. There are still many emotional people here who stay with me in every good and bad time.'
There were reports of Pooja Entertainment's office being sold
Let us tell you that for the past few days, news was in the headlines that Vashu Bhagnani has sold the office of production house Pooja Entertainment to pay off a debt of 250 crores. It was also being said that he has suffered a huge loss due to the flop of the film Bade Miyan Chote Miyan.
A media report quoting a source said that the company has suffered a huge loss due to the failure of Ali Abbas Zafar's directorial venture Bade Miyan Chote Miyan. Bhagnani had no option other than selling the office to pay off the debt. There were also reports that the workers of the production house have not been paid salaries for the last 2 years. Due to the debt, 80 percent of the staff of Pooja Entertainment has also been cut.
Amidst these news, Vashu Bhagnani had issued an official statement saying that his office has not been sold, it has been given for redevelopment. Vashu Bhagnani has said that he is converting his office into a luxury housing tower. Due to which the office of Pooja Entertainment has been shifted to the old place.
Let us tell you that Vashu Bhagnani is a well-known producer in the film industry. His son Jackie Bhagnani is also a producer and actor. Vashu Bhagnani started the production house Pooja Entertainment in the year 1986. Apart from being a production house, it is also a distribution company. The first film of this production was Coolie No. 1 of 1995, which was a superhit. After this, tremendous hit films like 'Hero No. 1', 'Biwi No. 1', 'Pyar Kiya To Darna Kya', 'Rehna Hai Tere Dil Mein', 'Bade Miyan Chote Miyan' have been produced under the banner of this production house.