South superstar Mahesh Babu has been issued a notice by the ED. The actor has been summoned in a money laundering case related to two real estate companies in Hyderabad. Mahesh Babu is accused of endorsing dubious projects of Sai Surya Developers and Surana Group. According to the information received, he had received Rs 5.9 crore to endorse projects of Sai Surya Developers, out of which Rs 3.4 crore was given to him through cheques and Rs 2.5 crore in cash. ED officials suspect that the cash is a part of the money collected through fraud.
Mahesh Babu is a superstar of the South industry and has also done many advertisements. The husband of former Miss India and Hindi film actress Namrata Shirodkar and the brother-in-law of actress Shilpa Shirodkar, Mahesh Babu is the son-in-law of Maharashtra. However, his name is now coming up in a money laundering case. In this case, the ED had started a money laundering investigation based on an FIR registered by the Telangana Police against Narendra Surana, director of Bhagyanagar Properties Limited, K Satish Chandra Gupta, owner of Sai Surya Developers and others. It is alleged that these companies sold the same land multiple times through unauthorized layout and wrong registration and collected crores of rupees in advance from the buyers.
Mahesh Babu is understood to have influenced many people with his support for these companies. The actor's support for the Sai Surya project led many people to invest, who were completely unaware of the huge fraud behind the venture. The Enforcement Directorate conducted raids on several locations on April 16 as part of a money laundering probe. The action was taken against Surana Group and Sai Surya Developers.