ED Summons Mahesh Babu in Rs 5.9 Crore Real Estate Scam Involving Alleged Rs 2.5 Crore Cash Deal

The Enforcement Directorate (ED) has summoned Telugu superstar Mahesh Babu for questioning on April 27 in a major money laundering case involving two Hyderabad-based real estate firms, Sai Surya Developers and the Surana Group. Officials are probing financial fraud, unaccounted cash payments, and scams targeting property buyers.

They are especially focusing on Mahesh Babu’s Rs 5.9 crore endorsement deal, in which he allegedly received Rs 2.5 crore in cash and Rs 3.4 crore through official banking channels.

ED Focuses on Actor’s Role in Controversial Endorsement

The ED launched an investigation into Mahesh Babu’s link with Sai Surya Developers after he endorsed their controversial ‘Green Meadows’ project. Although the agency hasn’t accused him of direct fraud, investigators want to know whether the firm used his celebrity image to lure buyers into investing in unauthorized land schemes.

Officials are closely examining the Rs 2.5 crore cash component, suspecting it as undisclosed income tied to illegal real estate deals.

Raids Uncover Rs 100 Crore Scam

Following several FIRs from cheated investors, ED officials raided multiple locations associated with the Surana Group and Sai Surya Developers. During these operations, they recovered Rs 74.5 lakh in cash and uncovered financial documents revealing fraudulent transactions worth over Rs 100 crore.

The FIRs accused the firms of selling unapproved plots, reselling land to multiple buyers, and falsely assuring plot registrations.

Other Key Accused in the Real Estate Scam

The ED is also interrogating Kancharla Satish Chandra Gupta, the owner of Sai Surya Developers, along with Narendra Surana and Devendar Surana from the Surana Group.

Investigators believe the developers used fake real estate projects to collect crores from investors, then diverted the funds through shady transactions. The use of celebrity promotions allegedly helped them build trust and speed up the fraud.

What the ED Wants to Know from Mahesh Babu

The ED now wants to know if Mahesh Babu knew the source of the Rs 2.5 crore cash payment. They also aim to determine whether he reported the payment for tax purposes. Although he hasn’t been named as an accused, his questioning will clarify his awareness of the developers’ activities and his role in the financial trail.

As the investigation moves forward, officials expect more shocking revelations about how the scam affected unsuspecting investors.

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