Now investment of Black Money in Bollywood will be stopped

After the closing of Currency notes of Rs 500 and 1000 by Central Government, it is said that it is a surgical strike on black money and its effect is seen in the whole country and even in the film industry. Well, it is always said that Black Money is circulated in Bollywood via underworld always, now it will be controlled somehow. Well, it is said from long that black money is invested in Bollywood, but last year, Income Tax department did a study, in which it was clear that in Bollywood Black Money is used in money laundering. In this report, it was said that Industry is working in this situation , which is the danger for traditional sources of Revenue. Department had considered this industry as sensitive in terms of black money. In the revelation of Wiki leaks in the year 2011,it was said that Underworld and Bollywood have links, in which Gangsters invest their money in films and turn their black money to white. Censor board will do implement on new rules This report was supported by a channel sting operation, in which Anubhav Sinha, Vasu Bhagnani, and Anees Bazmee were seen telling on camera how to turn black money into white. In this studio, Distributors and Exhibitors and Artists are also linked with this. Film producers take a loan on fake names, and it's all details are kept. Informers tells that bank doesn't give the loan to the films till the time any big star name is in the film. So, for the payment of Production assistants and technicians, black money is used. This happens in medium budget films. Bollywood's reaction over 500 and 1000 notes invalid Informers tell that a few years back, Kumar Sanu produced a film, in which it was said that, whole cash was used. But now this process can be changed in Bollywood. Karan Johar tweets, 'This is truly a masterstroke move!!!! Narendra Modi hits it out of the stadium.' You may also like :- Bollywood Movies 2016 Bollywood Movies 2017