Tollywood In IT Shock

Tollywood celebrities got a huge shock from Income Tax Officials who surprised them with raids on their production houses and offices. IT officials conducted raids on renowned producer Suresh Babu and as per the latest reports, officials are still continuing their searches at Ramanaidu Studios and other offices.

Apart from this, IT officials conducted simultaneous raids on Natural Star Nani and sources reveal that noted production houses like Haarika Haasine Creations, Sitara Entertainments are on the IT radar.

This came as a shock as there are no big releases this weekend and Tollywood celebs are used to It Raids ahead of the top film releases. Tollywood stars are waiting with bated breath as to what IT officials will find out in their raids.

Recently Suresh Babu expressed anguish at the pathetic and sad state of the condition of the theatres and the business of the multiplex chains.