Telugu Superstar Mahesh Babu Receives ED Notice in Real Estate Money Laundering Case

South cinema superstar Mahesh Babu has landed in a legal tangle. The Enforcement Directorate (ED) has issued a notice to Telugu actor Mahesh Babu in connection with its investigation into a money laundering case involving real estate firms.

According to reports, the actor has been summoned in connection with the investigation into alleged fraud and large-scale financial irregularities by two real estate companies - Sai Surya Developers and Surana Group.

Mahesh Babu gets ED notice in this case

According to reports, Mahesh Babu has been issued a notice for allegedly endorsing projects linked to the developers. He has reportedly received a fee of Rs 5.9 crore for this project. Of this amount, Rs 3.4 crore was paid via cheque, while the remaining Rs 2.5 crore was allegedly paid in cash - which has now come under scrutiny. According to a media report, the ED suspects that the cash payment made to the actor may be part of the company's money laundering case.

What is the case?

The FIR filed by Telangana Police has accused both these groups of duping investors by selling plots in unauthorized layouts, selling the same plot multiple times and giving fake registration guarantees. Actor Mahesh Babu allegedly supported these projects and played a key role in winning the trust of the people and attracting such buyers by doing brand endorsement. Later, these companies came under the purview of alleged fraud while the investors were unaware of it. In this case, ED has recovered evidence of money laundering involving suspicious transactions worth Rs 100 crore. Due to which the actor has also been cornered in the investigation.