Hyderabad: Not even Rs 20 lakh in cash found, says Dil Raju on IT raids

The Income Tax Department had conducted raids on Dil Raju’s properties, including his office and homes, in Hyderabad on January 21

Hyderabad: The Income tax officials found not even Rs 20 lakh from my place, said film producer Dil Raju slamming the media.

Raju said that the officials found Rs 5 lakh in cash from him, Rs 4.5 lakh from his partner Sirish, Rs 6.5 lakh from his daughter’s house and RS 2.5 lakh from his office.

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“We showed documents as proof of all that cash. We haven’t invested or bought any properties in the last five years. We explained all the financial details to the officials. Our documents were right and we were declared clean,” he said at a press meet on Saturday.

The Income Tax Department had conducted raids on Dil Raju’s properties, including his office and homes, in Hyderabad on January 21. According to sources, the raids were carried out at eight different locations, including the residences of his relatives.

Dil Raju, whose real name is Velamkucha Venkata Ramana Reddy, is a prominent Telugu film distributor and producer. He owns Sri Venkateswara Creations, a leading production company

The producer said the raids happened as part of the department’s protocol and there is nothing to speculate as shown in the media. He said such raids were conduted in 2008 also as the department wanted to check all the documents regarding the production house.

Responding to the black money allegations, he said, “There is no black money in the film industry right now. Over 80% audience is now booking tickets online. So, where will it come from?”.

Speaking on fake collections on movie posters, he said it was for producers’ council of the industry to clarify it.