The ED has issued a notice to Telugu superstar Mahesh Babu in connection with the ongoing money laundering investigation related to real estate companies. Tollywood actor Mahesh Babu has been called for questioning on 27 April. Mahesh Babu will be questioned in the money laundering case of Hyderabad -based real estate companies Surya Developers and Surana Group.
Why is Mahesh Babu being questioned?
According to preliminary information, Mahesh Babu is the brand ambassador of projects run by these companies and has also worked in advertising for the company. According to local media reports, these companies had given cash to Mahesh Babu besides bank accounts. It is alleged that companies gave cash of Rs 2.5 crore to Mahesh Babu. In such a situation, ED officials suspect that there may be any connection between the fraud by the real estate company and this cash amount.
Telangana police registered a case against real estate companies
Telangana Police has registered an FIR against Narendra Surana of Hyderabad Properties Limited and Satish Chandra Gupta of Sai Surya Developers. It is alleged that both of them cheated buyers by selling plots in unauthorized layouts, selling the same plot several times and by making false promises regarding registration. The ED initiated the investigation, investigating the payment made to Mahesh Babu and estimated that Rs 2.5 crore paid in cash could be part of the laundering network.
The police have made these allegations in the FIR.
In the FIR lodged by the Telangana police, companies have been accused of cheating investors by selling plots in unauthorized layouts, selling the same plot several times and by guaranteeing fake registration.
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