Kollywood industry hit by IT

By - October 31, 2013 - 05:50 PM IST

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Income Tax department on Thursday raided houses and offices of film personalities belonging to Kollywood industry without any prior notices. The raids started from 8 AM this morning at 30 places in Chennai and went on throughout the day. Noted film producers A.M. Ratnam and R B Chowdary were also in the list of raids and it is known that A M Ratnam’s Hyderabad house was also searched by the officials.

With the information that few of the Kolly producers made films with disproportionate money, the probed IT officials claimed “Film personalities have failed to pay the taxes and so our raids resulted in seizing some important documents”. The concerned officials have filed cases accordingly but refused to reveal the details.