Its Known that Tollywood Family hero Jagapathi Babu Was in financial troubles since some time back. It was unbeleivable, considering that they have a production house and his long career as hero.
It was speculated that he had spent money in goa for clubbing and gambling.Eventually he lost all the money he had. Recently Jagapathi Babu opened out on this issue.
He told "I believed in friendship a lot and that's how I lost the most of money", says Jagapathi Babu candidly. "Many producers have to my help and I've signed wherever they wanted to owing to friendship. Despite of my dad's repeated warnings, I've hooked on to these friends and finally burnt my hands", he added. "Due to this generosity, my dad too lost everything and I'm no exception".
"We are not business minded, so that led to shutdown of the banner", Jagapathi added.He expressed confidence that he can become busiest character artiste and collect every penny that he had lost.
Currently the Actor is busy with Lingaa and Mahesh movie. Current Theega and Pilla Nuvvu Leni Jeevitham are queued up for Release.