ED Issues Notice To Mahesh Babu In Ongoing Money Laundering Investigation: Report

Mahesh Babu has been grabbing the headlines after the Enforcement Directorate (ED) reportedly issued notice to him. The notice was sent to the Telugu superstar in connection with a money laundering case that involves real estate firms. The actor is yet to react to these reports and there is currently no indication that the ‘Maharshi’ star was involved in the money laundering case.

According to ETimes, the notice was issued to Mahesh Babu for allegedly endorsing Sai Surya Developers and Surana Group’s fraud projects. He reportedly received Rs 5.9 crore as his fee, in which Rs 3.4 crore was paid through cheque and Rs 2.5 crore was given to the actor in cash. ED reportedly suspects that the cash payment might have been a part of Sai Surya Developers and the Surana Group’s money laundered funds.

The report by ETimes further suggests that in the FIRs, filed by Telangana Police, accuse the entities of defrauding investors by selling plots in unauthorised layouts, making multiple sales of the same plots, and also offering fake registration guarantees.

It is also believed that Mahesh Babu’s endorsement of these projects has built public trust and brought in buyers as they reportedly remained unaware of the fraud.

Meanwhile, on the work front, Mahesh Babu was last seen in Guntur Kaaram. He is currently working on his next film with SS Rajamouli. The movie also reportedly stars Priyanka Chopra and the details about this project have been kept under wraps.