22-04-2025
ED summons actor Mahesh Babu for questioning on April 27 in money laundering case
The Enforcement Directorate (ED) has summoned actor Mahesh Babu for questioning on April 27 in connection with a money laundering case involving Hyderabad-based real estate firms Sai Surya Developers and the Surana actor is under scrutiny for promoting controversial real estate projects run by these firms. Sources in the ED say that Mahesh Babu was paid Rs 5.9 crore for endorsing Sai Surya Developers: Rs 3.4 crore through official banking channels and Rs 2.5 crore allegedly in suspect the cash may be part of the proceeds of crime linked to real estate fraud.
The ED's Hyderabad Zonal Office, on April 16, searched four locations in Hyderabad and Secunderabad under the Prevention of Money Laundering Act (PMLA), raids led to the seizure of incriminating documents and unaccounted cash transactions worth around Rs 100 crore, including Rs 74.5 lakh in cash from the premises of the Surana investigation stems from multiple FIRs filed by Telangana Police against the Bhagyanagar Properties Limited director Narendra Surana, Sai Surya Developers proprietor K Sathish Chandra and are accused of duping homebuyers by collecting large sums as advances for plots, without delivering on ED investigation found that the accused had orchestrated fraudulent schemes involving unauthorised land layouts, selling the same plots to multiple buyers, accepting payments without proper agreements, and making false promises about plot actions led to significant financial losses for many investors. Acting with deliberate and dishonest intent, they defrauded the public and generated illicit funds, which were then diverted and laundered for personal and corporate gain.
