From the last couple of months, IT raids became a regular exercise in Tollywood and IT Sleuths have been conducting raids on actors, directors, and producers. As per the latest reports, the Income Tax raids started off in ace producer Suresh Babu Daggubati’s offices from this morning.
As per our latest reliable sources, IT raids have also been going on in Natural Star Nani’s residence and offices as well. It is heard that the three IT official teams raided multiple places, which belongs to Suresh Production this morning. We have also learned that the IT officials seeking an explanation on IT returns documents for the last four years and already seized a few important documents. If the latest reports are to be believed, raids may continue till evening.
Ramanaidu Studios is one of India’s largest film production companies with over 50 years of contribution to national and regional cinema. The banner had one blockbuster in the form Oh! Baby in 2019 and it is also waiting for Victory Venkatesh and Naga Chaitanya’s multi-starrer Venky Mama and Asuran remake next year.
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