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Baahubali producers’ homes raided in Hyderabad for hoarding discontinued notes
The homes of the producers of Baahubali, Shobu Yarlagadda and Prasad Devineni, were raided on Friday.
The homes of the producers of Baahubali, Shobu Yarlagadda and Prasad Devineni, were raided in Hyderabad on Friday, reports NDTV.
The producers’ homes were raided allegedly because large amounts of cash of the discontinued Rs 500 and Rs 1,000 currency notes were believed to be hoarded in their homes.
SS Rajamouli’s Baahubali: The Beginning, which released in 2015 in Telugu, Tamil, Malayalam and Hindi, went to become one of all-time biggest grossers in Indian cinema. Starring Telugu superstar Prabhas, the film’s sequel called Baahubali: The Conclusion, is set for a release in April 2017.
In a bid to stop the flow of fake currency in India, the high denomination currency was declared illegal on Tuesday in a shock move by Prime Minister Narendra Modi.
