Producers of superhit Baahubali raided at their homes in Hyderabad

Mumbai: The producers of the SS Rajamouli’s global hit, ‘Baahubali,’ were raided in their respective homes in Hyderabad, on Friday. The film, which had grossed over rupees 600 crores at the box-office, had been released in all major Indian languages.

The producers, Shobu Yarlagadda and Prasad Devineni were raided, allegedly for possession of the discontinued 500 and 1000 rupee notes, believed to have been hoarded up in their houses, as per a report in NDTV.

The two denominations had been declared illegal for transactions, in an unprecedented move by prime minister Narendra Modi, being seen as a revolutionary initiation in curbing black money.

Raids have been held across all major cities, including Delhi and Mumbai, with prime targets being jewellers and private operators, known to launder money and exchange the rupee for foreign currencies, illicitly.

Further information regarding the raid on the producers of the film are awaited. The filming of its highly anticipated sequel, starring Prabhas, Rana Daggubati, Anushka Shetty, Tamannaah Bhatia and Satyaraj, is currently underway.