Mahesh Babu to appear before ED in money laundering case
The Enforcement Directorate (ED) has summoned Telugu superstar Mahesh Babu to appear before it on Monday in connection with a money laundering investigation involving Hyderabad-based real estate firms Surana Group and Sai Surya Developers. The investigation is centered around the sale of unauthorized plots, and the ED has alleged that Sai Surya Developers had paid a whopping ₹5.9 crore to Mahesh Babu for promoting their projects, of which ₹2.5 crore was in cash.
According to reports, the ED had earlier issued a notice to Mahesh Babu, asking him to appear before it on Monday. The notice was served to the actor’s team, and it is understood that he will comply with the summons. This development has sent shockwaves in the film industry, and fans and followers of the actor are eagerly waiting to know more about the matter.
For the uninitiated, Sai Surya Developers is a prominent real estate firm in Hyderabad that has been involved in several controversies in the past. The company has been accused of selling unauthorized plots to unsuspecting customers, and the ED has been investigating the matter for some time now.
As part of the investigation, the ED has seized several documents and records from the offices of Sai Surya Developers, including those related to transactions with Mahesh Babu. The agency has alleged that the company had paid a significant amount to the actor for promoting their projects, and that the money was paid in cash.
The ED has also alleged that Sai Surya Developers had used Mahesh Babu’s image and influence to sell their unauthorized plots to customers. The company had allegedly promised customers that the plots would be developed into residential projects, but failed to deliver on the promise.
Mahesh Babu’s involvement in the case has sparked a debate in the film industry, with some questioning whether he had any knowledge about the illegal activities of Sai Surya Developers. The actor has not yet commented on the matter, but his team has reportedly denied any involvement in the case.
The ED’s summons to Mahesh Babu is a significant development in the case, and it is expected that the actor will face tough questioning from the agency. The ED has been cracking down on money laundering and corruption cases in the country, and it is expected to take a strong stance against anyone found to be involved in illegal activities.
In recent years, the film industry has been plagued by corruption and money laundering cases. Several actors and producers have been accused of embezzling funds and using them for personal gain. The ED’s investigation into Sai Surya Developers and Mahesh Babu’s involvement in the case is a welcome development, and it is hoped that it will help to bring accountability and transparency to the industry.
The investigation into Sai Surya Developers and Mahesh Babu’s involvement in the case is ongoing, and it is expected to take several weeks or even months to complete. The ED will likely question several witnesses and gather evidence before making any arrests or filing charges.
In the meantime, fans of Mahesh Babu are waiting with bated breath to know more about the case. The actor’s team has reportedly denied any involvement in the case, but the ED’s summons has raised several questions about the actor’s involvement in the real estate business.
As the investigation continues, it is clear that the ED will not tolerate any form of corruption or money laundering in the country. The agency has been cracking down on such cases in recent years, and it is expected to take a strong stance against anyone found to be involved in illegal activities.
Source: https://www.siasat.com/hyderabad-mahesh-babu-to-appear-before-ed-in-money-laundering-case-3219564/
