Nagarjuna, Ravi Teja, Anushka and Akkineni Venkat were served notice by Income Tax department. The IT department sought explanation on purchase of lands. They were given one week time by IT department.
IT raids were conducted on these stars’ premises on Wednesday. IT department seized key documents from them. These stars declared their professional income from acting without any hesitation. But they did not disclose their real estate dealings properly.
Nagarjuna’s business partner Nimmagadda Prasad heavily invested in Jagan’s media Sakshi. Prasad got favours from YS Rajasekhara Reddy’s government.
Nagarjuna was at home when IT raids took place. Nagarjuna’s close friend and producer Shivaprasad Reddy’s house was also raided. Shivaprasad Reddy’s latest movie Ragada was a hit.
IT officials found Nagarjuna’s big investments in lands during the scrutiny in Hyderabad, Chennai and Bengaluru.