Income Tax raids on Telugu cinema producer's office

Income Tax Department Sleuths conducted simultaneous raids at the offices and residences of Tollywood producers and actors. This includes Daggubati Suresh Babu, and his brother and actor Venkatesh, after they got a tip-off on major tax evasion.

Sources confirmed that searches are also being conducted at Hariska & Hassine Creations owned by producer S. Radha Krishna, Wall Poster Cinema of actor Nani and G. Mahesh Babu Entertainment Private Limited



belonging to actor Mahesh Babu.

IT teams led by senior officials visited the Ramanaidu Studios, Guest House-cum-Office of Mr. Suresh in Film Nagar and his house in Jubilee Hills in the early hours of Wednesday. “We are verifying the financial transactions of this firm. A team has also been to his brother, Venkatesh’s house in Manikonda,” an officer said, further declining to provide more details.