Hyderabad: The income tax department had raided all the offices and buildings related to popular film production and distribution company Asian Cinemas In Hyderabad and other parts on Tuesday, October 22.
According to the reports, IT sleuths raiding the houses and offices of promoters of the Asian Cinemas Narayana Das and Sunil Narang and other people whom they suspect.
Recently Asian Cinema Group, along with hero Mahesh Babu, has set up an AMB Mall. Asian Cinema has so many theatres and multiplexes across Telangana and Andhra Pradesh.
Asian cinemas are also planning to start multiplexes with Allu Arjun. Currently, the company is producing a movie under the direction of Shekhar Kammula in which Akkineni Nagarjuna's son Naga Chaitanya is acting as the hero.
The complete details about the raid are yet to be known.