Income Tax Raids Target Mythri Movie Makers and Producer Dil Raju
The Income Tax (IT) Department conducted extensive raids on Tuesday morning at the residences and offices of key figures behind the Pushpa franchise, including Mythri Movie Makers and producer Dil Raju.
Widespread Search Operations
- Over 55 teams of IT officials were deployed to inspect more than eight locations associated with Mythri Movie Makers’ heads, Naveen Yerneni and Yalamanchili Ravi Shankar, as well as Dil Raju.
- The raids targeted properties in prominent Hyderabad areas like Jubilee Hills and Banjara Hills, extending to locations linked to their families.
Reason for the Raids
- The operation was initiated following alleged discrepancies in income tax returns, particularly due to the substantial financial investments in the Pushpa film franchise.
- Authorities are scrutinizing financial records to identify potential tax evasion and undeclared income.
Background
Mythri Movie Makers is one of the most successful production banners in Indian cinema, known for blockbuster hits including Pushpa: The Rise and its highly anticipated sequel, Pushpa: The Rule. Dil Raju, a prominent producer in Tollywood, has been involved in several high-budget projects, making him a key figure under IT scrutiny.
The searches are ongoing, and further details are expected as the investigation progresses.
