As we speak, the Income Tax officials are conducting raids on the owners of Asian Cinemas, a leading distribution house in Nizam. The IT department officials are raiding the offices and residences of Asian Cinemas’ Partners – Narayana Das and Sunil Narang. Reports are that the department is suspicious about fudging the numbers in the accounts to evade tax.
Asian Cinemas own several multiplexes in Hyderabad and have inaugurated Hyderabad’s Luxurious Multiplex, AMB Cinemas, in association with Superstar Mahesh Babu. They recently forayed into film production and are producing a film starring Naga Chaitanya and Sai Pallavi in the direction of Sekhar Kammula.Follow @THEPANIPURI
News Journalist at Panipuri and Film Reviewer. Indian movies box office tracker.