Transactions worth Rs 100 crore: Actor Mahesh Babu summoned by ED

HYDERABAD: The Enforcement Directorate (ED) has summoned Telugu actor Mahesh Babu in connection with a money laundering case involving real estate firms. The action is linked to alleged money laundering activities involving the Surana Group and Sai Surya Developers. Mahesh Babu has been directed to appear before the ED on Sunday.

The ED found that Mahesh Babu had received Rs 5.5 crore from the Surana Group for acting in advertisements and Rs 5.9 crore from the Sai Surya Group for promotional events. Out of the amount received from Sai Surya Group, Rs 2.5 crore was in cash and Rs 3.4 crore through cheques.

Searches conducted at establishments linked to the Surana Group, including Sai Surya Developers and Bhagyanagar Properties, reportedly revealed illegal transactions amounting to Rs 100 crore. During the raids, Rs 74.5 lakh in cash was seized. The ED also stated that crucial evidence was recovered from the residences of Surana Group Chairman Narendra Surana, Managing Director Devender Surana, and the offices of Sai Surya Developers. According to the ED, the Surana Group carried out a large-scale scam under the guise of real estate activities.