According to recent media reports, he is said to have arrived in Dubai and is likely to make his way to India soon.
However, neither Babu, nor his relatives have been able to substantiate the claims with evidence yet.
According to the Kochi Police, Babu is presently holed up in Georgia, which is a neighbour of Armenia.
After coming to know that his passport would be cancelled, Babu likely escaped to 'Georgia' from Dubai two days ago, as per the information obtained by the police.
The actor-producer has been in hiding since a rape case was filed by a Malayalam female actor.
The passport was cancelled by the Ministry on the basis of the report filed by the Kochi City Police.
The movie which is expected to be a thriller is headlined by Rajisha Vijayan, who plays a cyber expert while actor Sreenivasan has been cast as her father
Though the Kerala Police had completed the official procedures to arrest Babu with the assistance of the Interpol, it has not received the required support from the central agencies.
She clamed the survivor-actress filed the complaint after she was not given another chance in his film venture.
The Kerala Police is now trying to take him into custody with the help of their Dubai counterparts and the Interpol.