Income Tax (IT) raids are being carried out in the Ramanaidu studio and offices of Suresh Productions in Hyderabad. Suresh Babu, the father of actor Rana Daggubatti, is a leading producer in the Telugu film industry. The raids began the early morning at 6 AM on Wednesday at three locations.
The raids are pertaining to probable tax evasion by the producer. Currently, Suresh Babu is not in the country, according to reports.
In a recent interview with a news media organisation, Suresh Babu opened up about enduring losses and accused the digital streaming platforms of the loss. He further added that he is finding it difficult to pay off the salaries of his employees and also his own electricity bills.
(It is an updating story)