Nearly 3 days after Prime Minister Narendra Modi sensationally announced the Demonetization drive, Shobhu Yarlagadda and Prasad Devineni, the famous producers at Arka Media, have come under the scanner of Income Tax dept.

It has been reported in sections of the electronic media that the IT raids are currently ongoing at the office and residence of the producers of 'Baahubali', the biggest hit in the history of Indian cinema.

The raid is sure to send shock waves across Tollywood, already reeling under a slump over these last three days.

If this is any indication, in the coming days, those who are producing mega-budgeted movies might be targeted by the IT department. The biggies of Bollywood, Tollywood and Kollywood, in the main, must be worried if they have something to hide.