Jagapathi Babu: Shopping, parties with heroines… This is the real reason for Jagapathi Babu's bankruptcy! | Telugu News

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Real Reason For Jagapathi Babus Bankruptcy

Jagapathi Babu: Jagapathi Babu once got a good reputation as a family Hero in the Tollywood industry. Acted in many super hit Movies. Got fans. He excelled as a tier two Hero for years. Also his father Rajendra Prasad was once a star producer. Jagapathi Babu lost what he had earned along with his inherited property. At one stage faced many financial ups and downs. They faced unprecedented hardships. Jagapathi Babu on one occasion told about the reasons for his financial problems.

There is a rumor that Jagapathi Babu has accumulated money in gambling. But Jagapathi Babu said that gambling is not the only reason for his financial problems. Jagapathi Babu, who admitted that he gambled, said that he would have lost two crores in gambling. And the anchor asked how so much property was lost. It was an unanswerable question and was answered in a funny way. The anchor asked if it was known that they lost money even by giving expensive gifts to the heroines.

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Jagapathi Babu said.. I have no intention to impress the heroines by giving them gifts. I don't look down on women like that. But when I meet heroines and go to parties with them, I don't hesitate to spend. I will pay the bill. I will spend money from my pocket on someone whenever the occasion arises. I used to pay the bill if the heroines I knew well shopped. I paid bills for my male friends too.

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There are also cases where money was given back to the producers. All this together, I took a loan and built a house when I had no money. In the form of interest Rs. 20 crores gone. I used to help someone in financial trouble. There are many such cases. They said that there are people who cheated me. Currently Jagapathi Babu is India wide popular villain and character artist.

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