One of the star heroes knows for high remuneration demands in Telugu industry is in soup with the announcement from Modi to demonetize high currency denomination. Reports say this hero generally accepts 20 to 25 percentage of his fee in white and rest in black in order to evade tax. Of course, this is a general formula followed by many in industry but the situation is worse for alone this hero because he made huge savings in black.
Having bought excessive gold in last three to four days at Rs. 50,000 per 10 grams, the hero is said to be sitting tight with Rs. 50 Crores liquid cash. In fact, he was thinking of converting these Rs. 1000, 500 currency bundles into Rs. 2000 notes and got in touch with a high level commission agent. However, the recently happened rapid action raids by Income Tax Officers on ‘Bahubali’ producers are worrying him.
Though he got a cautious approach with safety of money being first priority, Modi’s day to day terrific speeches as made in Goa couple of days back are giving jitters. Now that Modi became a hero and these black currency holders appearing as villains, climax for sure will be interesting. Gossipmongers also said, this hero has got superb political contacts and none of them are working now.