'Bunny' producer arrested by CBI.

Mallidi Satyanarayana Reddy, producer of super hit movies like ‘Bunny, Bhageeratha and Dhee’ is known to be arrested by Central Bureau of Investigation after his conviction in a cheating case. As per the available news Mallidi Satyanarayana Reddy, owner of Siri Venkateshwara Films was booked in 1980’s for cheating Punjab National Bank and the same case was on trials till 2009 when a higher court has proved his conviction.

Although Mallidi Satyanarayana Reddy was trying for Non Bail able Warrant, but Supreme Court has upheld it. From mid of 2009, Mallidi Satyanarayana Reddy was known to be evading the arrest. At last it was on Friday that, CBI has arrested him and sent to Chanchalguda jail and his period of jail punishment for two years started. By the by even Mallidi Satyanarayana Reddy introduced his son Venkat as hero with the movie ‘Prema Lekha Raasaa.’