'PSV Garuda Vega' producer was held in fraud case

Hyderabad June 25: Koteshwara Raju is a hot topic in the film industry now. Producer Koteswara Raju is now producing the movie 'PSV Garuda Vega' with a huge budget of Rs 25 crore, but hero Rajasekhar as a limited market. Now the producer facing the fraud case.

The police are looking for him. Currently, Koteswarar Raju is not available to any one. He seems to be in the underground. A case has been registered against Koteswara Raju for attempting to change the old currency which was demonetized.

Koteshwara Raju given a Rs 7 crore currency to the two people and tried to exchange it in Hyderabad. Srinivasa Rao (45) and Purushotham (50), who has accepted the deal with a 10 per cent commission. Both of them are working as production managers from 2016 at Koteshwara Rao's 'Joy Star Films' banner. 'Garuda Vega' is being produced by 'Joy Star Films' banner. The police received information that they had hid the sum of Rs 7 crore in the company's office in Hyderabad and then recovered it. Purushottam and Srinivasa Rao took control.