The Income Tax (IT) sleuths conducted a series of raids on Kollywood big guns like top comedian Santhanam, leading producers RB Chowdhary, AM Ratnam and KE Gnanavelraja. The raids at 30 locations in Chennai and one in Hyderabad began at 8 am on Thursday and continued through the day.
I-T (investigation) additional director Murali Mohan confirmed the raids that began early on Thursday. They were searching for hidden and unaccounted money. Remember all the three producers raided have biggies releasing for Diwali or Pongal.
Santhanam said to be the highest daily wage earner in the industry is reported to be getting nearly Rs 10 lakhs per day as his salary, and a large amount of this money is hard cash. A senior I-T officer said film production houses and actors failed to pay taxes.
The film fraternity was upset as the raids came as a dampener on the eve of Diwali. Some big production houses, which released a couple of films, have also been raided.