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IT Raids on Mr. Babu! Whats Up?
By: Tupaki Desk | 7 Nov 2013 11:19 AM GMT
Reports have been abuzz that IT sleuths have conducted raids at the offices and residence of producer Dr. G Srinu Babu (Priyamani's Chandi fame).
Reportedly, Srinu Babu himself claimed he spent lavishly on 'Chandi' which resulted in a production cost of around Rs 10 crore, whereas the estimated budget is below Rs 5 crore. The film might end up as a cost failure project even if it gets a hit talk as the market of Priyamani isn't anywhere near Rs 10 crore. Making things worse, producer has been cornered by the IT Department just because of his loose talk.
In fact, Srinu Babu owns a Pharmaceutical company and he invested those profits in this movie. He will be in big trouble if there are any irregularities in the money dealings.
'Chandi' is releasing on November 8th. Will it increase the wow of the producer and bails him from trouble is to be seen!
Reportedly, Srinu Babu himself claimed he spent lavishly on 'Chandi' which resulted in a production cost of around Rs 10 crore, whereas the estimated budget is below Rs 5 crore. The film might end up as a cost failure project even if it gets a hit talk as the market of Priyamani isn't anywhere near Rs 10 crore. Making things worse, producer has been cornered by the IT Department just because of his loose talk.
In fact, Srinu Babu owns a Pharmaceutical company and he invested those profits in this movie. He will be in big trouble if there are any irregularities in the money dealings.
'Chandi' is releasing on November 8th. Will it increase the wow of the producer and bails him from trouble is to be seen!
