Mahesh Babu Summoned In Money Laundering Case, ED Investigates Alleged Link To Rs 5.9 Cr Real Estate Scam

Actor Mahesh Babu has landed himself into trouble as he has been summoned by the Enforcement Directorate (ED) on April 27 in connection with an ongoing money laundering investigation. Two real estate firms are charged in the case with defrauding purchasers; according to sources, Mahesh Babu was paid Rs 5.9 crore by Sai Surya Ventures for an endorsement contract.

ED Suspect Mahesh Babu’s Received Amount Is A Crime Deal

The inquiry has been stepped up after ED sources revealed that the money given to the actor is suspected of being the proceeds of crime. As the investigation into the alleged money laundering proceeds, the actor is anticipated to assist the authorities.

Mahesh Babu’s involvement is currently being investigated in connection with the summons, which is part of a larger investigation into fraudulent real estate transactions. Many allegedly invested as a result of the actor’s promotion of Sai Surya ventures, oblivious to the purported deception. The ED is investigating the money he received from the developers, even though he might not have been personally engaged. On April 27, the actor is expected to appear before the ED.

The investigation involves two Hyderabad real estate companies, Sai Surya Developers and Surana Group, accused of cheating buyers. The actor allegedly received Rs 5.9 crore for endorsing the projects of Sai Surya Developers, with Rs 3.4 crore paid by cheque and Rs 2.5 crore in cash, according to TOI.

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The cash payment may have been connected to money laundered through illicit means, according to the ED. The inquiry started when Telangana police filed formal complaints (FIRs) against important individuals, such as K Sathish Chandra Gupta, the owner of Sai Surya Developers, and Narendra Surana, the director of Bhagyanagar Properties Ltd.

Mahesh Babu’s Work Front

On the professional front, Mahesh Babu is busy shooting for SSMB29 with Priyanka Chopra. The film marks his first collaboration with acclaimed director SS Rajamouli and stars Prithviraj Sukumaran as well.

Also Read: Priyanka Chopra Begins Shooting For SS Rajamouli’s Mythological Drama With Mahesh Babu In Odisha – Report

Manisha Karki

Manisha has established a reputation for insightful and engaging storytelling with over six years of expertise in the industry. With a deep passion for cinema, she brings a unique perspective to her coverage, making it a trusted voice in the entertainment world.