Vivek Rangachari

While DAR refused to comment on whether the film will be a biopic of Raju, Vivek Rangachari, from the company, tells mid-day, "We are making a film on a white collar crime based on the software industry. The film will be shot in Hyderabad. We are locking the director and the cast. Shooting will commence soon."

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Co-producer Jaswir Singh adds, "Films are able to bring out facets of events that may have not been unveiled when the story first developed. We hope our film will do that."

The scandal
The controversy broke in 2009 after chairman Ramalinga Raju dropped a letter bomb on employees, investors and the government by confessing to falsifying profits close to $1.5 billion. In 2015, Raju was fined and given a prison sentence of seven years.

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