The Income Tax (I-T) department has been carrying out raids on the offices of producer Suresh Babu. Since early morning the raids are continuing at Ramanaidu Studio in Hyderabad and other offices of Suresh Babu.
The raids are continuing.
Known as big-wig of the Telugu film industry, Suresh Babu owns the majority of movie theaters in Telangana and Andhra Pradesh.
He also runs Ramanaidu Studios and distributes movies. These days, he has been presenting small movies in a big way.
Suresh Babu recently made statements that theaters are facing a crisis as films are not attracting the audiences. A week after this statement, IT officials paid a visit to his office.