The Income Tax raids on Nagarjuna, Anushka and raviteja few weeks ago was a sensational subject in film circles. No wonder that Nag and Anushka stole the limelight even in this illegal black money case while Ravi Teja is sidelined and no where news sections reported about him.
Here is a confidential report that IT sleuths made Ravi Teja to pay a penalty of Rs.3.5crores to convert nearly Rs.15 to 20crores of his black money to white. This is just tip of the iceberg and one can expect what could be the magnitude of penalty that Nagarjuna, Anushka paid.
Film industry sources said the action was prompted when the department found out about large number of land transactions of Ravi Teja in Visakhapatnam, the second-largest city in the State after Hyderabad.
Surprised by these shocking IT attacks, many other top earning stars in the industry moved their illegal property documents to secret places. Sources in Film Nagar infer that majority of the investments Ravi Teja made were in the form real estate properties and there is also ample liquid unaccounted cash seized in these raids.
Here is a confidential report that IT sleuths made Ravi Teja to pay a penalty of Rs.3.5crores to convert nearly Rs.15 to 20crores of his black money to white. This is just tip of the iceberg and one can expect what could be the magnitude of penalty that Nagarjuna, Anushka paid.
Film industry sources said the action was prompted when the department found out about large number of land transactions of Ravi Teja in Visakhapatnam, the second-largest city in the State after Hyderabad.
Surprised by these shocking IT attacks, many other top earning stars in the industry moved their illegal property documents to secret places. Sources in Film Nagar infer that majority of the investments Ravi Teja made were in the form real estate properties and there is also ample liquid unaccounted cash seized in these raids.
