Telugu Film Industry woke up with a shocking news that IT Raids are taking place at happening production house offices and star director's office. Mythri Movie Makers has been churning out superhit films in recent times. Earlier this year they produced and released two big ticket films Walrair Veerayya and Veera Simha Reddy simultaneously making a turnover of close to 200 crores business. They have undergone with IT Raids during that period also.
Super hit director Sukumar is also facing the heat of IT Raids. The residences of company directors Naveen Yerneni and Yalamnchili Ravishankar along with Director Sukumar are also being searched. The agency is reportedly investigating allegations of money laundering by the promoters by diverting funds.
GST and Income Tax officials had raided their residences and office premises in December last year for allegedly providing false details in their Income Tax Returns (ITRs) and violating GST norms. It is known that the movie ‘Pushpa’ was produced by Mythri Movie Makers and directed by Sukumar.
Now the movie ‘Pushpa 2’ is being made in their combination. Hence, it is said that searches are being conducted in Sukumar’s office along with Mythri movie makers. Reports suggesting that Sukumar has also entered the construction industry.