Thursday, June 13, 2024
More
    HomeTelanganaI-T department alleges Mythri movies utilized 700 crore hawala funds in Hyderabad.

    I-T department alleges Mythri movies utilized 700 crore hawala funds in Hyderabad.

    Related stories

    Cattle trafficking

    About 100 cows were caught being illegally transported from...

    Results of Telangana TET-2024 have been announced

    Chief Minister A Revanth Reddy announced the Telangana State...

    Calls for equitable pay for MGNREGA laborers

    The Telangana Agricultural Labor Union is asking for help...

    The Income Tax department raided Mythri movies and the director Sukumar’s house. The IT officials found that the company received Rs 700 crore through hawala transactions from different companies. Naveen Yerneni, Y Ravi Shankar, and Chekuri Mohan allegedly used hawala to invest in film production. Director Sukumar received Rs 150 crore as profit share from the movies produced by Mythri movies.

    The company was already facing charges of GST payment evasion, and the recent IT raids revealed the use of hawala money in film making. The IT officials asked the company heads to provide a written explanation on how they got such huge money and furnish the details of the source of funding with documentary evidences.

    Also read:  Ready for distribution of 'Fish Prasadam' today
    - Advertisement -
    Rajesh M
    Rajesh Mhttps://www.telanganatribune.com
    Latest News from Hyderabad, Telangana, India & World!

    Follow us

    3,565FansLike
    179FollowersFollow
    1,202FollowersFollow
    965SubscribersSubscribe

    Contribute News

    You can contribute an article to Telangana Tribune by dropping a mail at newsdesk@telanganatribune.com

    Latest stories

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here