Mahesh Babu Faces ED Summons in Real Estate Money Laundering Probe

The Enforcement Directorate (ED) has called Telugu cinema star Mahesh Babu for questioning in a money laundering investigation tied to two Hyderabad-based real estate companies, Sai Surya Developers and Surana Group. The actor is scheduled to appear before the agency on April 28.

The ED’s probe centers on allegations that the real estate firms defrauded investors through fraudulent practices. Mahesh Babu, who endorsed projects for these companies, reportedly received ₹5.9 crore for his promotional work. Of this amount, ₹2.5 crore was paid in cash, a transaction now under scrutiny by the ED, as officials suspect it may be linked to laundered funds.

The investigation stems from multiple First Information Reports (FIRs) filed by Telangana Police against key figures, including Narendra Surana, director of Bhagyanagar Properties Ltd., and K Sathish Chandra Gupta, proprietor of Sai Surya Developers. These individuals are accused of cheating investors and diverting funds, prompting the ED to launch a money laundering case.

Sources within the ED, indicate that Mahesh Babu’s endorsements significantly influenced public trust, encouraging investments in the allegedly fraudulent projects. The agency is examining the financial trail to determine the actor’s role, though no evidence suggests his direct involvement in the scam.

Mahesh Babu’s team has not yet issued a public statement regarding the summons. The actor is currently engaged in filming SSMB29, a jungle adventure directed by SS Rajamouli, featuring co-stars Priyanka Chopra and Prithviraj Sukumaran.

The ED’s ongoing investigation into Sai Surya Developers and Surana Group is part of a broader effort to address financial irregularities in Hyderabad’s real estate sector. Further developments are expected as the agency continues its inquiry.