I-T Searches Continue At Premises Of Tollywood Production House – FilmyVoice
Revenue Tax (I-T) officers continued searches on the places of work of Telugu movie manufacturing firm, Mythri Film Makers in Hyderabad for a second consecutive day on Thursday.
A crew of I-T officers from New Delhi have been additionally looking out the residence of Sukumar, who directed motion pictures like ‘Pushpa’, ‘Rangasthalam’ and ‘Arya’.
The I-T officers continued to look residences of Mythri Film Makers promoters, together with Erneni Naveen, Cherukuri Mohan, and Yalamanchili Ravishankar in Jubilee Hills.
The officers have been checking information of their monetary transactions for allegedly breaking funding laws by bringing in funds from overseas for the second time in lower than 4 months after December 2022.
The manufacturing home is suspected to have funnelled funds from overseas and invested in Tollywood to supply a number of movies.
The I-T raids are taking place at a time when the manufacturing home and Sukumar are engaged within the capturing of Allu Arjun-starrer ‘Pushap-2’.
Sukumar, who based his personal manufacturing enterprise, Sukumar Writings, is working with Mythri Film Makers to co-produce the a lot awaited ‘Pushpa: The Rule’, a sequel of blockbuster ‘Pushpa:The Rise’.
Mythri Film Makers produced some massive blockbusters like ‘Pushpa’, ‘Rangasthalam’, ‘Srimanthudu’, ‘Janatha Storage’, ‘Expensive Comrade’, ‘Sarkar Vari Pata’, ‘Uppena’, ‘Waltair Veeraiah’ and ‘Veera Narasimha Reddy’.
It’s also producing ‘Ustad Bhagat Singh’ starring actor-politician Pawan Kalyan.
The manufacturing home allegedly allowed an funding of Rs 500 crore from overseas with out following the Reserve Financial institution of India (RBI) norms.
The manufacturing home additionally allegedly didn’t disclose whole investments and revenue sources of their Revenue Tax Returns (ITRs) submitting.
That is the second time that places of work and residences of Mythri Film Makers have been searched by the I-T officers. Beforehand searches have been carried out in December 2022.
