In a surprise move, Income Officials today raided on the offices of Arca Media belonging to producers Prasad Devineni and Shobu Yarlagadda. Since the producers have opened up business to ‘Baahubali 2’, the IT officers came checking the transactions whether all the money is accounted one.
‘Baahubali 2’ has been sold to various distributors for huge amounts. As we reported earlier Nizam distributor bought the movie for nearly Rs 50 Cr. In Andhra and Ceded areas too the movie sold for record amount. But all the amount will not be paid to the producers now, only a token advance is taken from them. Still, the IT officers are said to be cross-checking whether the accounts are being correctly maintained.
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