ED Issues Notices To Actor Mahesh Babu In Money Laundering Case

Hyderabad: The Enforcement Directorate (ED) has summoned actor Mahesh Babu to appear on April 28 in connection with ongoing investigations into alleged money laundering by two Hyderabad-based real estate firms accused of defrauding investors, according to a news report.

Mahesh Babu is alleged to have endorsed questionable projects linked to Sai Surya Developers and the Surana Group.

On April 16, the Enforcement Directorate (ED) conducted raids at multiple locations in Secunderabad as part of its probe into alleged fraud involving real estate investors. The searches were carried out at properties in Secunderabad, Jubilee Hills, and Bowenpally.

The investigation, conducted under the Prevention of Money Laundering Act (PMLA), 2002, pertains to the alleged failure to deliver real estate projects on time. Kancharla Satish Chandra Gupta, the owner of Sai Surya Developers, is under scrutiny for delays in the completion of a project named Green Meadows.

Actor Mahesh Babu served as the brand ambassador for this project.