Mahesh Babu Gets ED Notice in Real Estate Scam Case
Tollywood actor Mahesh Babu has received a notice from the Enforcement Directorate (ED) in connection with a money laundering case involving Hyderabad-based real estate companies—Sai Surya Developers and Surana Group.
ED started this investigation after Telangana Police registered several FIRs against the owners of these firms—K Sathish Chandra Gupta (Sai Surya Developers) and Narendra Surana (Surana Group and Bhagyanagar Properties). They are accused of cheating people by selling plots in unauthorised layouts, selling the same plots to multiple buyers, and giving false promises about registrations.
The ED recently conducted searches at four locations in Hyderabad and Secunderabad, including offices and homes of Surana Group’s chairman Narendra Surana and Managing Director Devendar Surana. During the raids, ED found unaccounted transactions worth nearly ₹100 crore and seized ₹74.5 lakh in cash. Officials also collected documents that showed how the accused collected money through fraudulent means.
As part of their probe, ED found that actor Mahesh Babu was paid ₹5.9 crore by Sai Surya Developers to promote their projects. Out of this amount, ₹3.4 crore was paid through cheque and ₹2.5 crore in cash. He was also paid over ₹5.5 crore for promotional work for the Surana Group. Though the actor is not directly linked to the fraud, ED is now checking the payments made to him.
Mahesh Babu has been summoned for questioning on Sunday to clarify the details of the money he received.
According to ED, the accused companies cheated many innocent investors and laundered the money they earned through fake promises. The investigation is still ongoing.
Also read: Sunny Deol Breaks Silence on Salman Khan’s Shocking Industry Statement.
More read: Kesari Chapter 2 Teaser: Akshay Kumar’s Powerful Stand Against the British Empire.