IT Raids: IT raids continue in Tollywood for the third day – impact on big budget films!
IT attacks have created a stir in Tollywood circles. Dil Raju, Maitri leader Naveen Yerneni, Ravi Shankar along with several Tollywood producers and directors are being questioned by IT officials about their income, expenses, box office count and film budget.
IT attacks continue for the third day. IT officials are conducting searches at the homes and offices of producers, financiers who support them financially as well as film personalities. IT officials seem to have searched the offices of Satya Rangaiah, who is working as a financier for Dil Raju’s films, as well as Reliance Sridhar, Kishore and Mango Ram, who are supporting the producers in the film production. Have been.
Six on remuneration…
It has already been revealed that IT officials have checked the business transactions, investments and bank lockers of several top producers including Dil Raju, head of Mythri Movies, Abhishek Aggarwal and AK Entertainments.
It is being told that IT officials have come up with important information on the difference between the income received by the manufacturers and the tax paid. There are reports that IT officials are focusing on the remuneration paid to heroes and directors.
on big budget films
There is a possibility that the impact of IT attacks will be heavy on big budget films. To a large extent, producers produce films with the help of financiers. Funds received from financiers are important for the production of films. OTT, Satellite and Theatrical rights are collected by the producers in advance.
Banks and other financial institutions do not come forward to help in the production of films. In this context, producers are largely dependent on financiers. It is reported that in the backdrop of IT attacks, no financier is coming forward to help the manufacturers. They are saying that they are keeping quiet so as not to put themselves in danger by helping.
It is being told that the IT attacks have had some impact on big budget films and the shooting of many films has been stopped. It is said that its effect will last for years.
They can come to our house…
The success meeting of Venkatesh starrer Sankranti Vasantham was held in Hyderabad on Thursday. Producer Dil Raju could not attend the function due to the IT raid. Anil Ravipudi reacted to these IT raids in the Success Meet. Dil Raju said that these IT raids are not happening just on one person but on everyone in Tollywood and this is a common thing. He commented that IT officers will also come to our house.
