Baahubali producers offices and homes raided by Income Tax department
Income Tax department raided the offices and homes of the producers of Baahubali in Hyderabad on Friday 11th November.
Income Tax officers raided the offices and residences of producers Shobhu Yarlagadda and Prasad Devineni on Friday afternoon. The details of the raid have not been known yet as the makers of film are inaccessible.
Made with a budget of Rs 150 crore, Baahubali: The Beginning became a massive success at the ticket counters across the globe . The first part of the film serie collected over Rs 650 crore at the worldwide box office in its lifetime.
The makers knew that the movie would be a big hit, but they never imagined that it would be such a huge success. Fans are waiting for the release of Baahuabli2: The Conclusion, which will hit the screens on 28 April 2017.
Reports suggest that the pre-release business of Baahuabli2: The Conclusion is likely to cross Rs 350-400 crore worldwide. Sources from the film industry believe that these huge figures caught the attention of the Income Tax department.