1 week Ago By Uma Devi
Join WhatsApp Folow Facebook Subscribe YouTube Follow Instagram Hyderabad: Popular Tollywood actor Mahesh Babu has requested additional time to appear before the Enforcement Directorate (ED) for questioning in connection with a money laundering investigation linked to realty firms Surana Group and Sai Surya Developers. The ED had issued a notice summoning Mahesh Babu to appear for questioning on April 27. However, the actor reportedly wrote back, citing his busy schedule and requested a new date for appearance.
Mahesh Babu served as a brand ambassador for both Surana Group and Sai Surya Developers. He allegedly received over ₹11 crore for promotional activities: Reports suggest he received ₹3.4 crore via cheques and ₹2.
5 crore in cash from Sai Surya Developers. The ED is probing the remuneration paid to Mahesh Babu by these firms, particularly focusing on any unaccounted cash payments and possible violations under the Prevention of Money Laundering Act (PMLA), 2002. The notice to Mahesh Babu follows the ED’s recent searches on April 17 at the premises of Surana Group and Sai Surya Developers in Hyderabad and Secunderabad.
The agency unearthed unaccounted transactions worth ₹100 crore and seized ₹74.50 lakh in cash. The ED launched the investigation based on multiple FIRs filed by the Telangana Police against: They are charged under various IPC sections for defrauding and cheating investors by promising land sales through unauthorised layouts, double-selling plots, and offering false assurances.
According to the ED, the accused generated substantial proceeds of crime through fraudulent practices. These funds were allegedly laundered for personal gain, causing heavy financial losses to innocent investors..
