Kangana Ranaut on Thursday, March 4th reacted to a press release by the Revenue Tax Division after they detected monetary irregularities of over Rs 650 crore after it raided two movie manufacturing firms, two expertise administration firms, and a number one actress’s dwelling and residence.
The assertion from the Central Board of Direct Taxes got here as raids on the houses and places of work of Bollywood actor Taapsee Pannu, director Anurag Kashyap and his companions who launched the now-shuttered Phantom Movies continued in Mumbai, Pune, and Hyderabad for the second day. The searches additionally coated some executives of superstar and expertise administration firms KWAN and Exceed, officers mentioned.
जो चोर होते हैं वो सिर्फ़ चोर होते हैं, जो मातृभूमि को बेचकर उसके टुकड़े करना चाहते हैं वो सिर्फ़ ग़द्दार होते हैं, और जो ग़द्दारों का साथ देते हैं वो भी चोर होते हैं…
क्यूँकि चोर चोर मौसेरे भाई होते हैं
और जिससे चोरों को डर लगता है
वो साधारण मानव नहीं नरेंद्र मोदी होता है। pic.twitter.com/awmy4EVGDF
— Kangana Ranaut (@KanganaTeam) March 4, 2021
A day later, with out naming the individuals or firms searched, the CBDT mentioned the entities searched have been primarily engaged within the enterprise of manufacturing of movement photos, net sequence, performing, path, and expertise administration of celebrities and different artists.
Official sources recognized the entities raided as Pannu and the 4 former promoters of Phantom Movies — Kashyap, director-producer Vikramaditya Motwane, producer Vikas Bahl and producer-distributor Madhu Mantena. In addition they recognized the superstar and expertise administration firms as Kwan and Exceed.
The second movie manufacturing firm that was raided belongs to Kashyap, the sources mentioned. Proof of giant suppression of earnings by the main movie manufacturing home in comparison with the precise field workplace collections has been unearthed,” the assertion from CBDT, the executive physique of the IT Division, claimed.
“The corporate officers haven’t been capable of clarify the discrepancy of round Rs 300 crore,” it mentioned. Proof associated to “manipulation and under-valuation” of share transactions of the manufacturing home amongst the movie administrators and shareholders, with a tax implication of about Rs 350 crore has additionally been discovered and is being additional investigated, it alleged.
“Proof of money receipts by the main actress amounting to Rs 5 crore has been recovered and additional investigation is happening,” the CBDT claimed. Additionally, “non-genuine or bogus expenditure” to associated considerations by the main producers and administrators having tax implications of about Rs 20 crore has been detected, the assertion mentioned.
“Related findings have been made within the case of the main actress additionally,” it alleged. The assertion added that “large quantity” of digital knowledge has been seized within the type of emails, WhatsApp chats, onerous disk from the places of work of the 2 expertise administration firms.
A complete of seven financial institution lockers have been discovered and positioned underneath restraint, the CBDT assertion mentioned. The searches towards Mantena are additionally being carried out within the context of his hyperlinks with KWAN, of which he’s a co-promoter, officers mentioned. Whereas Kwan’s shopper record contains Deepika Padukone, Exceed manages Saif Ali Khan and Sonakshi Sinha amongst others.
Pannu, 33, and Kashyap, 48, have been taking pictures in Pune on Wednesday and have been understood to have been questioned by the tax sleuths as a part of the preliminary questioning that takes place throughout raids.
(With PTI inputs)