IT Raids Continue on Hyderabad’s Production Houses, Focus on Financial Irregularities

The Income Tax Department’s extensive raids in Hyderabad have entered their second day, targeting leading production and media houses such as SVC, Mythri Movie Makers, and Mango Media. Officials are meticulously analyzing financial records and budgetary allocations, with a particular emphasis on recent blockbuster projects. The high-profile investigation centers around discrepancies in IT returns, prompting authorities to delve into the revenue and investments of notable films, including Pushpa 2: The Rule.

On the first day of operations, IT officials interrogated Tejaswini, wife of producer Dil Raju, while also scrutinizing their financial assets, including bank lockers. The second day of raids focuses on uncovering additional documents linked to the financial activities of the production houses involved. Sources reveal that Dil Raju may soon be summoned to the SVC office for further questioning regarding alleged tax irregularities.

The raids have raised concerns within the Telugu film industry, highlighting issues of transparency and accountability in managing large-scale projects. Authorities aim to provide clarity on financial discrepancies and ensure compliance with tax regulations. As investigations proceed, more details are expected to emerge about the scale of irregularities in the industry.

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