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IT Raids on Asian Cinemas
Sunil Narang of Asian Cinemas is popular as a leading Distributor and Financier. Sunil Narag business Empire has been expanded with Massive Malls equipped with Multiplexes having state-of-the-art infrastructure.
According to the latest buzz in the film Industry, the income tax (IT) officials raided Sunil Narag’ house and office. On Tuesday, the Income Tax carried out raids on the residences and offices of Sunil Narang and Narayana Das Narang, producers and distributors.
IT officials searches on the offices of popular film production and distribution company Asian Cinema in Hyderabad and other parts of the country. Further details of the IT raids are awaited.The Asian Cinemas has multiple interests in the movie business – distribution, the film production, and theater business. Sunil Narag’ Asian Cinemas, are also partners with Telugu Superstar Mahesh Babu in AMB Cinemas, a multiplex mall in Gachibowli in Hyderabad.
Currently the production house Asian Cinemas is bankrolling Sekhar Kammula’ production venture in Akkineni Naga Chaitanya and Sai Pallavi are playing the lead roles. Stay tuned to this space for more updates.
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