Income Tax department raids offices and homes of Pushpa 2 The Rule producers in Hyderabad

The Income Tax Department carried out raids on Tuesday at the offices and residences of producers Dil Raju, Ravi Shankar Yalamanchili, and Naveen Yerneni in Hyderabad. These producers have recently supported the films Game Changer, Sankranthiki Vasthunam, and Pushpa 2: The Rule.

The Income Tax Department raided the offices and homes of Producers Naveen Yerneni, Ravi Shankar, and Dil Raju in Hyderabad on Tuesday.

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IT raids on producers

Sources state that raids were conducted at eight different locations in Hyderabad, including the homes and offices of these producers and an online portal. Raju whose real name is Velamkucha Venkata Ramana Reddy, is a prominent producer and distributor in the Telugu film industry. He owns Sri Venkateswara Creations. The state government recently appointed him chairman of the Telangana Film Development Corporation. Ravi and Naveen own Mythri Movie Makers and are also prominent in the film industry.

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These raids follow the success of Venkatesh-starrer Sankranthiki Vasthunam for Raju and the Allu Arjun-starrer Pushpa 2: The Rule for Ravi and Naveen. Raju also recently produced the Ram Charan-starrer Game Changer, which got a lukewarm response. All three films were released recently, with Pushpa 2: The Rule and Game Changer mounted on massive budgets. Sources state the raids were conducted for suspected tax evasion but further details are awaited. The IT department is yet to release a statement regarding the same.