The Enforcement Directorate on April 21 summoned Telugu film actor Mahesh Babu on April 27 in connection with probes into alleged money laundering by two Hyderabad real estate groups accused of defrauding buyers.
Mahesh Babu had allegedly endorsed dubious projects of Sai Surya Developers and Surana Group, and had received Rs. 5.90 crore for endorsing the projects of the former. The ED officials suspect that the cash component forms part of laundered money collected through fraudulent practices.
The ED had launched its money-laundering investigations based on FIRs by the Telangana police against the two real estate groups. While Mahesh Babu may not be involved in the scam’s operational aspects, the ED is probing the money he received from the developers.
