IT raids on Mammootty and Mohanlal's residences

Income tax officials have conducted raids on the offices and residences of Malayalam Superstars Mammootty and Mohanlal on Friday. According to reports, seven teams of IT sleuths carried out raids simultaneously in their offices and residences in four cities like Kochi, Thiruvananthapuram, Chennai and Bangalore.

Mohanlal has business ventures like Maxlab Cinemas and Entertainments, Vismayas Max. He owns many restaurants in Dubai, Kochi and Bangalore. He is said to be a partner in Mohanlal's Tastebuds in marine exports company. It is also reported that he had tried to bid for the Kochi team in IPL.

Meanwhile, actor Mammootty is also known for his several business interests. Besides acting and producing films, the Mollywood star owns a film distribution company named Playhouse Entertainments. He is also the chairman of Malayalam TV channel Kairali TV.

However, the income tax officials seem to have set their eyes on the stars of South Indian film industry these days. Earlier, they have raided the houses of Telugu actors Nagarjuna and Anushka and Kannada stars like Sihi Kahi Chandru, K Manju and Ravishankar, but nothing was disclosed about alleged assets. Now, it should be seen whether the same thing will continue in the case of Mohanlal and Mammootty or not.