No cash seized in IT raids on Telugu actors

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I-T sleuths, who raided the residences and office premises of Telugu actors Nagarjuna, Anushka Shetty, Ravi Teja, have reportedly not found any unaccounted money. It is believed that they have seized some documents related to financial transactions of the actors.

Reports say that I-T officials raided the actors premises to checkout the irregularities in their advance tax assessment. Sources say that the actors have been investing hugely on real estate sector and otherbusiness. The officials wanted to know whether the actors have mentioned this on their I-T returns.

Nagarjuna, Anushka Shetty and Ravi Teja’s movies have been doing good business in the recent times. But their pay packets on the paper have remained same from the past three years, which triggered the I-T sleuths to raid their premises. Nag’s recent movies like Ragada and Gaganam have fared well at the box office. Adding to that Nagarjuna owns a few restaurants and has also invested on entertainment industry.

Anushka is also said to be getting a huge remuneration for her films. Her recent land deal in the Journalist Colony in Vizag has come under I-T scanner. On the other hand, Ravi Teja’s movies are always considered as money spinners.