Published: Thu 29th Sep 2016 04:49 PM
Just In: Hyper Release Under IT Scanner
A day before Ram’s ‘Hyper’ movie is set for a grand release, here comes shocking news from film circles that 14 Reels Entertainment Pvt. Ltd. shifted their prime business dealing office premises from existing building near Annapurna 7 acres to an undisclosed location.
Off late, Income Tax sleuths are on surprise visits to film offices. The other day they have made a shocking raid on Sai Korrapati’s Varahi office. Alarmed by these proceedings, ‘Hyper’ production banner and staff moved to a new place. Although, the old office base is as its original location but the major trade transactions regarding ‘Hyper’ distribution, release and upcoming projects on 14 Reels, A TV are heard to be happening from new space.
‘Hyper’ has done a tremendous pre release business with table profits assured for producers. There is high probability for Income Tax scanners to work overtime on securing more information about current releases and transactions at big production offices. It’s a wise move in fact from prestigious production and distribution company.