Hyderabad, Feb 12: Bandla Ganesh, producer of Pawan kalyan-starrer ‘Gabbar Singh’ and other movies paid an advance tax of Rs. 1 crore after sleuths of the Income Tax department raided his house and office and scrutinized his accounts for two days.
After two days of intense searches, Ganesh was taken to ‘Ayakar Bhavan’ head quarters of the Income Tax department and questioned. It is learnt that he was let off after paying an advance tax of Rs. 1 crore and directed to be prepared to pay more, depending upon their computations of his income.
It is learnt that Ganesh was unable to answer the questions about the source of his investments and income. It is learnt that Ganesh himself then volunteered to pay the advance tax.
It is learnt that the IT sleuths had questioned him about the presentation he made to director Puri Jagannath of a diamond-studded ashtray costing Rs. 43 lakhs. They also reportedly questioned him if there was any big leader behind him in putting up the finances. The IT authorities checking the accounts of Ganesh, are likely to levy more tax later.
There are roumers in the film industry that a minister from the north coastal districts has been financing Ganesh. Some reports said the IT raids were because the minister developed differences with top leaders of the government.
Meanwhile, TDP senior leader Dadi Veerabhadra Rao expressed doubts that union minister Chiranjeevi and PCC chief Botsa Satyanarayana were behind Bandla Ganesh. Talking to the media on Tuesday, he said Ganesh himself had admitted earlier that Chiranjeevi and Botsa were behind him.
Demanding that a thorough investigation be made about the persons behind Ganesh, Dadi said how Ganesh earned crores of rupees in a short time should be revealed.
Reports say that 12 IT officials during their searches for two days seized several key documents.
Ganesh’s first film was with Ravi Teja, for which the entire budget was Rs. 15 crore. He once said in a film function that Botsa would stand by him even if he committed a murder. These remarks are now being discussed in the film industry. Bandla shot into fame after his ‘Gabbar Singh’ with Pawan Kalyan broke all records and earned loads of currency notes. Now he is producing ‘Baadshah’ with NTR, ‘Iddarammayilato’ with Allu Arjun and Puri Jagannath. He is also said to be planning another film with Ram Charan. Industry sources say that his producing big budget films with big heroes has pushed him into trouble.
Bandla Ganesh was also in the real-estate business. Reports also said that he was running a poultry business with TDP leader Errabelli Dayakar Rao’s brother.