telugu Film industry has come under the Income Tax Department scanner in recent times. We have seen raids on Mythri movie Makers, Dil Raju, and KL Narayana. Now, Income Department Officials are conducting raids on Senior producer, suresh babu from this morning.
We are told that ramanaidu studio and offices of suresh productions are the part of at least ten places that are being raided. Other financing firms related to the film industry are also under investigation. We are told that suresh babu is on an abroad holiday. There are huge discrepancies in Tax filing by suresh Babu's business, the Tax Department got a tip-off, we are told.
suresh babu is a leading producer in the telugu film industry who owns ramanaidu Studios in hyderabad and Vishakapatnam. He runs many theaters in both the telugu states. The Senior producer is currently co-producing victory venkatesh and yuva Samrat naga Chaitanya's venky mama, which is likely to release on december 13th. He also announced the remake of Dhanush's asuran with venkatesh in association with tamil producer, kalaipuli S Thanu. suresh babu was to make both these announcements this week.
