<p>As a part of the nationwide raids on unaccounted money, Income Tax department officials searched the offices and homes of producers of the multilingual movie Bahubali on Friday.<br /><br /></p>.<p>A 25-member I-T team split into three groups and raided the places of producers Shobhu Yarlagadda and Prasad Devineni. According to sources in the film unit, I-T sleuths found Rs 60 crore cash so far and the search is going on. <br /><br />The raid came as a shocker on Tollywood which is reeling from the impact of the sudden demonetisation of high value currency.<br /><br />The producers, who have advanced plans for the audio release of Bahubali Part 2, were not available for comment, though the raids are thought to be a shock as they were on the verge of selling the movie rights to various markets, including Bollywood. <br /><br />Only recently, producer Karan Johar, who distributed the Hindi version of part one, Bahubali: The Beginning, reportedly stepped back from releasing the movie in north India due to high price quoted by the producers for its theatrical rights. <br /><br />Bahubali was the only dubbed movie in Hindi that did a record Rs 100 crore business.<br /><br /></p>
<p>As a part of the nationwide raids on unaccounted money, Income Tax department officials searched the offices and homes of producers of the multilingual movie Bahubali on Friday.<br /><br /></p>.<p>A 25-member I-T team split into three groups and raided the places of producers Shobhu Yarlagadda and Prasad Devineni. According to sources in the film unit, I-T sleuths found Rs 60 crore cash so far and the search is going on. <br /><br />The raid came as a shocker on Tollywood which is reeling from the impact of the sudden demonetisation of high value currency.<br /><br />The producers, who have advanced plans for the audio release of Bahubali Part 2, were not available for comment, though the raids are thought to be a shock as they were on the verge of selling the movie rights to various markets, including Bollywood. <br /><br />Only recently, producer Karan Johar, who distributed the Hindi version of part one, Bahubali: The Beginning, reportedly stepped back from releasing the movie in north India due to high price quoted by the producers for its theatrical rights. <br /><br />Bahubali was the only dubbed movie in Hindi that did a record Rs 100 crore business.<br /><br /></p>
