Thursday , April 25 2019

Bahubali Producers raided at their homes in Hyderabad

Bahubali producers Shobu Yarlagadda and Prasad Devineni have raided apparently for ownership of obsolete 500/1000 rupee notes.


If observed, this would the first main haul to be gotten by the sector after Prime Minister Narendra Modi on Tuesday proclaimed the demonetization of Rs 500 and Rs 1,000 notes that concluded to be legal tender. However, the government has specified time till December 30 to exchange them with a fresh set of notes (Rs 2000 and Rs 500) driven in by the RBI.

Income tax raids have also been conducted in all major cities, counting Delhi and Mumbai, mainly targeting jewelers and corporate operator to check on circumstances of money valeting or for the exchange of rupee notes for foreign currencies.

Baahubali, being a fiction movie, shook box office gatherings worldwide as its release in July previous year. The picture, made on a vast budget of Rs 250 crore, minted about Rs 650 crore becoming the priciest movie to be made in the Indian film history.

The bankrollers of the SS Rajamouli’s international hit, ‘Baahubali,’ were attacked in their own homes in Hyderabad, on Friday. The movie, which had earned over rupees 600 crores at the box-office, had been out in all major Indian languages.

The movie producers, Prasad Devineni and Shobu Yarlagadda were raided, purportedly for the tenure of the obsolete 500 and 1000 rupee notes, supposed to have been stockpiled up in their houses.

The two denominations had been professed illegal for dealings, in an unparalleled move by Prime Minister Narendra Modi, being perceived as a radical initiation in curbing black money.

Additional information concerning the raid on the producers of the movie is anticipated. The recording of its extremely anticipated sequel, starring Prabhas, Anushka Shetty, Rana Daggubati, Tamannaah Bhatia and Satyaraj, is presently underway.


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