Sukumar: In Hyderabad, the homes and offices of the director-producer Sukumar and the production business Mythri Movie Makers were searched on Thursday by the Income Tax (I-T) Department. Pushpa, a movie directed by Sukumar and starring Allu Arjun, Rangasthalam, and Arya, is one example.
The company is accused of breaking investment regulations
This is the second day in a row that searches have been conducted at the Mythri Movie Makers headquarters because the company is accused of breaking investment regulations by bringing in money from abroad. Additionally, a group of I-T inspectors from New Delhi searched the Jubilee Hills homes of Mythri Movie Makers founders Cherukuri Mohan, Erneni Naveen, and Yalamanchili Ravishankar.
Sukumar and the production company are working on Pushap 2’s filming
The production company is under investigation for allegedly breaking the rules on foreign investment by bringing in money twice in less than four months after December 2022. The production company is believed to have invested in Tollywood and directed monies from overseas to make a number of films. While Sukumar and the production company are working on Pushap 2’s filming, the I-T raids are occurring.
Great blockbusters made by Mythri Movie Makers
Pushpa, Srimanthudu, Janatha Garage, Sarkar Vari Pata, Dear Comrade, Waltair Veeraiah “Uppena,” and Veera Narasimha Reddy are just a few of the great blockbusters made by Mythri Movie Makers. In addition, the actor-politician Pawan Kalyan-starring film “Ustad Bhagat Singh” is produced by Mythri Movie Makers. A sequel to the popular film “Pushpa: The Rise,” “Pushpa: The Rule,” is being co-produced by Mythri Movie Makers and Sukumar, who established his own production company, Sukumar Writings.
Must Read: PM Modi emphasises on the teachings of Lord Buddha at Global Buddhist Summit in New Delhi
500 crore rupee investment from outside
I-T inspectors had previously conducted two searches of the offices and residences of Mythri Movie Makers. Historically, searches were conducted in December 2022. The production company is charged with flouting Reserve Bank of India (RBI) rules by permitting an outside investment of 500 crore rupees. Additionally, it is alleged to have withheld data from its submitted Income Tax Returns (ITRs) about total investments and income sources.
Must Read: Honey Singh booked for kidnapping and assaulting event organiser in Mumbai
Keep watching our YouTube Channel ‘DNP INDIA’. Also, please subscribe and follow us on FACEBOOK, INSTAGRAM, and TWITTER.
