Annapurna Studios boss Akkineni Nagarjuna says he is not a bank defaulter. Pictured: NagarjunaTwitter

Actor Akkineni Nagarjuna, who is the owner of Annapurna Studios, has refuted rumours that he is a bank defaulter. He admits that he had taken loan, but says that he cleared it earlier this year.

Akkineni Nagarjuna was declared as a loan-defaulter by Andhra Bank last year. The actor was recently trolled on social media after he congratulated Prime Minister Narendra Modi for demonetising high denomination currency notes. He took to his Twitter handle to clarify the issue this morning.

Nagarjuna confirmed the repay of his loan amount to the bank. The actor tweeted: "It is true we took a loan frm banks to build new film facilities at annapurna studios earlier. ALL LOANS HAVE BEEN CLEARED EARLIER THIS YEAR." He added: "For the few who may believe so neither me nor annapurna studios owe any money to any banks!!FYI "

Nagarjuna was in Paris, when he heard the news about Narendra Modi's announcement on November 8. He immediately tweeted: "Tweeting frm Paris/congrats @narendramodi Ji!!for rewarding us tax payers/india on the way to become a super economy#IndiaFightsCorruption."

Narendra Modi ‏retweeted the posts of many celebrities on the day and Nagarjuna's comment was also one of among those retweets. Besides, the Prime Minister of India wrote: "Dear @iamnagarjuna, this step will check corruption, black money and fake currency rackets that slow our progress."

However, 2016 has been great year for Nagarjuna with his two releases Soggade Chinni Nayana and Oopiri becoming big hits at the box office. He has two projects like Om Namo Venkatesaya and Bangarraju in his kitty. The actor is currently shooting for Om Namo Venkatesaya. Both these films are scheduled to be released in theatres around the world in 2017.