Superstar Mahesh Babu’s name is making waves in the news since the Enforcement Directorate has issued notices to him regarding a money laundering case. The news is trending online. The fans are worried as Mahesh Babu gets an ED notice.
ED Notice to Mahesh Babu
The case is regarding Hyderabad-based real estate firms Sai Surya Developers and Surana Group. A major English news outlet reported that Mahesh backed the real estate initiatives of Sai Surya Developers and Surana Group. However, the buyers got cheated by these groups.
Mahesh earned Rs 5.9 crore from endorsements: Rs 3.4 crore by check and Rs 2.5 crore in cash. Now, the cash payment has come under scrutiny. In this regard, Mahesh Babu gets an ED notice.
Telangana Police lodged several FIRs against Narendra Surana from Bhagyanagar Properties Ltd. and Sathish Chandra Gupta of Sai Surya Developers. The claim states that these two cheated buyers by selling unauthorized plots, reselling them repeatedly, and lying about registrations.
The ED started the investigation and spotted payments to Mahesh Babu, suspecting the 2.5 Cr cash was linked to money laundering. On April 27, Mahesh needs to be present for questioning. More details will be out soon in this issue.
