Bellamkonda Suresh, who started his career as a production manager, has come a long way and went onto become successful producer. After producing several big - budget films with stars like NTR , Balakrishna,Venkatesh, there was no stopping for Suresh. Suresh had earned a name for paying staggering remunerations to stars.Suresh stands in the front row in paying hefty cheques to stars and increasing their fees drastically.However, poor financial management, lack of proper planning pushed him to troubles. Now, Suresh filmy career is on downward spiral.
It all started with debacles of his production ventures Rabhasa, Alludu Seenu . Though Alludu Seenu managed to clock in good revenue than expected, the film's over-budget took a toll on Suresh leaving him mired in debts. Although the managed to clear them to an extent, he still had few bad debts.
With recent film Speedunnodu, for which Suresh said to have funded to project, suffered colossal loss , Suresh woes increased drastically. Though the might have sold the film to buyers for a good price, but buyers who lost a chunk of money are mounting pressure on Suresh to compensate their losses. If this is not enough, recently Kotak Mahindra Bank seized his office in Film Nagar for non payment of debit and reports also surfaced that Suresh sold of his own house and moved to a rented flat to overcome this financial situation. Many star heros who once did films with him are shunning away to work with him knowing of Suresh's current situation.
It's sad to see Telugu producer going through such phase. Hope will soon overcome this phase and will make a comeback.