Income Tax officials on Wednesday conducted searches at Ramanaidu Studios here, owned by popular Telugu film producer Daggubati Suresh Babu and his family, sources said.
I-T sources maintained that they were 'routine' in nature.
"Searches are being conducted at the residences and offices of Suresh Babu. They are part of verification of records," sources told PTI.
Popular actor Venkatesh is younger brother of Suresh, father of hero Daggubati Rana.
It was not clear whether searches were carried out at Venkatesh's residence or office.
The Daggubati family owns popular Telugu movie banner Suresh Productions founded by late D Ramanaidu.
Calls made to Suresh Babu for his response went unanswered.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app