IT raids at the houses of Nagarjuna, Ravi Teja and Anushka
Telugu stars Nagarjuna and Anushka under IT scanner
Thu, Mar 24, 2011 11:54:09 GMT
After Bollywood, the Telugu film industry is under the scanner of the Income Tax (IT) department. A fresh round of raids started on Wednesday at the houses and offices of Telugu stars Nagarjuna, Anushka Shetty, Ravi Teja and many other Telugu film personalities.
As reported by a news agency, the investigations wing of the Department conducted the searches. It is said that the action was prompted when the Income Tax department found out about the large number of land transactions involving some Telugu stars in Vishakapatnam.
Producer Shivaprasad Reddy who makes films with Naga and his family was also under IT scanner. His house and production house Kamakshi Movies were also raided. Anushka’s new house and some investment in property might have created problem for her. Nagarjuna’s recently constructed new convention centre at Madhapur and the Mirapakaya star Ravi Teja’s handsome remuneration, which is apparently Rs 4 crore, did ring the alarm bells at the Income Tax department.
Reportedly, the IT sleuths have also seized several documents from the houses of the celebs during the raids.