IT raids on Bahubali film producers’ offices

bahubali-producersThe Income Tax department has conducted raids on the residences and offices of producers of Bahubali- Shobhu Yarlagadda and Prasad Devineni today. Three teams have simultenously conducted raids and perused several documents. There were no immediate reports of seizure of cash and ornaments.
Bahubali, the magnum opus of SS Rajamouli, has minted money to the tune of Rs 500 crore and according to an industry report, the producers have reaped a rich harvest and pocketed a profit of around Rs 200 crore from the first part itself. The sequel is slated to be released in April next year.

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