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Mahesh Babu Summoned by ED in Real Estate Money Laundering Case
Superstar Mahesh Babu has landed in the spotlight after the Enforcement Directorate (ED) issued summons to him in connection with a money laundering investigation. The case pertains to Hyderabad-based real estate companies — Sai Surya Developers and the Surana Group — which allegedly defrauded buyers.
According to reports from a leading English daily, Mahesh Babu had endorsed projects developed by these firms. He reportedly received ₹5.9 crore for the endorsements, of which ₹3.4 crore was paid via cheque and ₹2.5 crore in cash — the latter now under ED scrutiny as potential proceeds of money laundering.
The Telangana Police had earlier registered multiple FIRs against Narendra Surana of Bhagyanagar Properties Ltd and Sathish Chandra Gupta of Sai Surya Developers. The allegations include selling plots in unauthorized layouts, reselling the same plots to multiple buyers, and making false promises regarding registrations.
As the ED delved deeper into the financials, the cash payments to Mahesh raised red flags. The actor has been summoned to appear for questioning on April 27th. Further developments are awaited.