The first sector that severely hit after banning 500/- and 1000/- notes is Realty Sector and next comes to Telugu Film Industry. Most of the movies produced with Black Money that brought from the financiers. Producers can't make heavy budget movies from his pocket.If it was personal money how one producer in Tollywood presented diamond watch to Star Director. Here we quoted few interesting stories that happened in Film Nagar since two days.
One star hero who exists in Tollywood many years as Hero has accumulated reportedly 25 crores of cash with all banned notes (500/- and 1000/-). As per buzz, he called famous Auditors for their suggestion how to minimise Tax on his black money.
Another interesting gossip is that Star Producer who produced movies regularly reportedly bought 100 KGs of Gold ornaments with his black money. As per current bullion market rates from Film Nagar, he spend around 40 Crores for buying 100 KG Gold. Stay tuned for more interesting stories from Film Nagar.
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