Mahesh Babu Summoned by ED in Rs 100 Crore Money Laundering Case
Popular Tollywood superstar Mahesh Babu has been issued a notice by the Enforcement Directorate (ED) in connection with a money laundering case involving real estate firms Surana Group and Sai Surya Developers. The actor, who served as their brand ambassador, has reportedly requested more time before appearing for questioning.
Why Was Mahesh Babu Issued an ED Notice?
The ED probe revolves around alleged financial fraud worth Rs 100 crore, where these firms are accused of cheating investors through illegal land deals.
Mahesh Babu ED Notice: Key Details of the Case:
- The ED summoned Mahesh Babu to appear on April 27, but he sought a postponement due to prior commitments.
- The actor reportedly received Rs 11 crore for promoting the two firms:
- Rs 5.5 crore from Surana Group
- Rs 5.9 crore from Sai Surya Developers (including Rs 2.5 crore in cash)
- The ED is investigating whether these payments were part of proceeds of crime linked to money laundering.
ED’s Crackdown on Surana Group & Sai Surya Developers
The Enforcement Directorate conducted raids in Hyderabad and Secunderabad on April 17, seizing Rs 74.5 lakh in cash and uncovering unaccounted transactions worth Rs 100 crore.
Allegations Against the Firms:
- Selling unauthorized land layouts
- Double-selling the same plots to multiple buyers
- Accepting payments without proper agreements
- False promises of plot registrations
According to the ED statement, these actions led to major financial losses for investors, with funds being diverted and laundered for personal gains.
What’s Next for Mahesh Babu?
While the actor has not been accused of direct involvement, the ED will scrutinize:
The nature of payments (cash vs. cheques)
Whether he was aware of the fraudulent activities
Possible violations of the Prevention of Money Laundering Act (PMLA)
Legal experts suggest that if the ED establishes a money trail linking his earnings to illegal funds, further action could follow.
Mahesh Babu ED Notice: FAQ Section
1. Why was Mahesh Babu summoned by the ED?
The ED is investigating his Rs 11 crore endorsement deals with Surana Group and Sai Surya Developers, which are accused of money laundering and fraud.
2. Did Mahesh Babu receive cash payments?
Reports suggest he received Rs 2.5 crore in cash from Sai Surya Developers, raising red flags under PMLA laws.
3. What is the Surana Group money laundering case about?
The firms allegedly duped investors through fake land deals, generating Rs 100 crore in illegal proceeds.
4. Will Mahesh Babu face legal consequences?
If the ED proves his fees were part of tainted money, he may face questioning or penalties.
Mahesh Babu ED Notice: Final Thoughts
This case highlights the risks celebrities face when endorsing businesses without due diligence. As the ED investigation unfolds, more details may emerge on Mahesh Babu’s role.
What do you think? Should celebrities be held accountable for the companies they promote? Share your views in the comments!
Disclaimer:
This article is for informational purposes only and does not constitute legal advice. The details are based on publicly available reports.
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