The Income-tax officials have conducted a raid on the offices and properties of producer Suresh Babu and his Ramanaidu Studios, this morning. The raids are still continuing are we are yet to get an official word from the IT officials.
Suresh Babu is the son of Ramanaidu, who is the founder of Suresh Productions. Ramanaidu produced various films across multiple languages over the past 50 years. After the demise of the legendary producer, his son Suresh Babu took over the responsibilities of the production house and its properties.
Of late, Suresh Babu is backing low budget films and is presenting them under his banner. Films like Pelli Choopulu, Ee Nagaraniki Emaindi, Mallesham, Dorasani, and Oh Baby got the brand of Suresh Productions at their back. He is currently producing his younger brother Venkatesh's film, Venky Mama, which also stars Naga Chaitanya as another lead.
Venkatesh is a popular actor in the Telugu film industry with over 60 films under his belt. On the flip side, Suresh Babu's son Rana Daggubati is also a noted actor and a producer. The IT raids are now going on at all the properties of the family members. Stay tuned for the final update on the raids.