Noted film producer and distributor Suresh Babu is one of the eminent personalities in our Tollywood industry. According to the latest media reports, the Income Tax officials have initiated a search operation at his residence in Hyderabad. The IT officials are simultaneously raiding Suresh Babu's residence in Jubilee Hills, Ramanaidu Studios in Film Nagar and Suresh Productions office in Hyderabad. The officials are reportedly verifying all the documents based on Income Tax submissions and it has shocked the industry.
The searches are underway based on findings that there's a mismatch in tax submissions from Suresh Babu last four years. Currently, Suresh Productions is producing a multistarrer 'Venky Mama' with Venkatesh and Naga Chaitanya in the lead. Also, they are co-producing Raaja Vaaru Rani Vaaru. In the recent past, Suresh Productions announced the Telugu remake of Asuran with Victory Venkatesh.