Four teams of the Income Tax (IT) department have raided Suresh Babu’ Ramanaidu Studios in Film Nagar. the IT official raided producer Suresh’s house and office of the Suresh Productions near Apollo Hospitals in Jubilee Hills in the early hours of Wednesday. It is heard that the IT sleuths are verifying the documents in Suresh Babu’s offices and residence as they found discrepancies in the payment of the Income Tax for the last four years. Suresh Babu is a leading producer in the Telugu film industry, and he is the son of Tollywood producer Ramanaidu.
IT raids on Suresh Babu’s residence and office started in the early hours of Wednesday and are continuing. The senior producer Suresh Babu is not in India now.
Suresh Babu is popular for distributing small films in a big way. He owns Ramanaidu Studios in Hyderabad and Vizag and runs many theaters in both the Telugu states- Andhra Pradesh and Telangana.
In the recent past, IT officials raided on the offices of Mythri Movie Makers, Dil Raju and producer KL Narayana. Now it is the turn of Suresh Babu.
Suresh Babu is the managing director of Suresh Productions. He has produced several hit films under Suresh Productions including Bobbili Raja, Coolie No 1, Preminchukundam Raa, Ganesh, Kalisundam Raa, Jayam Manade Raa, Nuvvu leka nenu lenu, Malliswari, Tulasi, Drushyam and Gopala Gopala. In 2012, Suresh Babu, the father of Rana Daggubati and Abhiram Daggubati, received the Andhra Pradesh state Nagireddy -Chakrapani National Award for his contribution to popular cinema.
Suresh Babu who is the elder brother of Venkatesh, started his career with the film Devatha in the year 1982, though he started putting his name as producer from Bobbili Raja onwards. Currently, Suresh Babu is waiting for the release of his upcoming production venture Venky Mama starring Venkatesh, Naga Chaitanya, Payal Rajput, and Raashi Khanna.