Thursday, September 10, 2009

Kamal Hassan earlier sent legal notice to Pyramid Saimira demanding his 40 crore rupees

A South Indian movie production house, Pyramid Saimira Productions International (PSPI), sent legal notice to Kamal Hassan and his production company, Raj Kamal Films International (RKFI). PSPI would sue Kamal and his production company in civil and criminal court, if he fails to pay Rs.10.90 crore with 24% annual interest. One India reports:

Few months ago, both Kamal and Saimira had entered an agreement to produce Marmayogi as a joint venture with the investment of Rs.100 crores. Saimira paid a whopping Rs. 10.90 crores to Kamal as advance. But due to some financial crisis, the company has postponed the venture, but not dropped it.

Meanwhile Kamal has started his new film Unnaipol Oruvan under his own banner, Rajkamal International. Now he is busy in releasing the film on September 18th worldwide.

PSPI also accused Kamal Hassan and his brother, director of RKFI, of diverting the funds they received from PSPI, for making Marmayogi, to fund their own movie, Unnaipol Oruvan, which is scheduled for September 18th release worldwide.

Kamal Hassan, on the other hand, issued a statement saying that he and his production company, RKFI, invested about Rs. 40 crore in the Marmayogi project but after one year, the project stopped. This was followed by the issuance of a legal notice by Kamal Hassan on April 12, 2009, demanding his money from PSPI but the company did not send any reply.

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