Actor Mahesh Babu has received a call from the Enforcement Directorate (ED) for an inquiry into allegations of money laundering concerning a potential real estate fraud, specifically related to Sai Surya Developers, based in Vengal Rao Nagar, and associated companies like the Surana Group. The actor is expected to appear before the agency on April 28 to provide his statement under the Prevention of Money Laundering Act (PMLA), as reported by PTI.
What is the ED case?
According to PTI reports, this case centers on accusations of a real estate fraud involving the well-known Sai Surya Developers and Surana Group. The Enforcement Directorate initiated an investigation under the Prevention of Money Laundering Act following allegations of deceit and failure to deliver on a project called Green Meadows. Investors alleged they paid for plots that were neither registered nor delivered.
It’s alleged that the developers deceitfully sold identical plots to several buyers, receiving money without proper contracts in place. Furthermore, they made misleading statements regarding property registrations. These actions led to substantial financial losses for the investors.
During the probe, it was uncovered that the suspect had illicitly acquired money through deceptive practices and then moved this tainted funds among associated enterprises. During searches, the organization discovered nearly Rs 100 crore in unexplained financial transactions. Additionally, they confiscated Rs 74.5 lakh in cash from properties belonging to the Surana Group. Furthermore, incriminating papers and investor deposit records were obtained.
The situation is being investigated more thoroughly as additional individuals, among them actor Mahesh Babu, are brought into focus. Previously, he held the position of ambassador for the project.
How is Mahesh Babu involved in the case?
Actor Mahesh Babu has been called in for questioning but hasn’t been officially charged with any wrongdoing, according to PTI reports. It appears that during his work on the SSMB29 film, he may have unknowingly endorsed a real estate project which turned out to be fraudulent. The Enforcement Directorate is currently examining approximately Rs 5.9 crore in endorsement fees they believe were paid to him.
This total encompasses both checks and cold hard cash transactions. The organization aims to confirm the origin and intent behind these exchanges. To date, Mahesh Babu has kept quiet about this issue in the public sphere.
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2025-04-22 09:52