A wave of tension has gripped Kollywood’s producers and distributors as producer-distributor Madhan of Vendhar Movies has disappeared reportedly not only with his girlfriend but with huge cash belonging to them.
Madhan left a suicide note stating that he was going to end his life by immersing self in the holy waters of Ganges and went missing a few days back. Initial reports said that his misunderstanding with his friend and SRM Group’s Parivendhar might have made him go missing.
Financiers, producers and distributors, who had invested huge amounts of cash with Madhan for various purposes, have been caught in panic as they now remain uncertain as to how to recover their money. They didn’t think twice before investing money with Madhan, a popular producer and distributor, who has now gone amiss.
They had also paid him huge cash to acquire the release and distribution rights of some films produced by Madhan which are in various stages of production. Though Madhan has stated in his letter/note that those who paid money to him need not worry as Vendhar Movies has plenty of money in its Bank account, there are few takers to buy this argument.