Telugu actor Mahesh Babu wrote to Enforcement Directorate (ED) officials that he will be unable to attend the scheduled inquiry today.
In a letter to the ED, the actor cited personal reasons for his absence. Mahesh Babu was into the Sai Surya Developers case.
The ED’s investigation stems from its scrutiny of several Hyderabad-based real estate firms, including Sai Surya Developers and the Surana Group, which are accused of fraudulent activities. The actor is under investigation for promoting these controversial real estate projects, which allegedly duped homebuyers through false promises and illegal transactions.
Babu came on the ED’s radar for promoting controversial real estate projects and reportedly received Rs 5.9 crore for his promotional work, including Rs 3.9 crore via cheques and Rs 2 crore in cash. The ED has issued notices to Mahesh Babu regarding the money he received for these promotions.
The case centres around fraudulent activities by the promoters of these real estate firms, who are accused of selling unauthorised plots of land, accepting payments without proper agreements, and failing to deliver on promises made to investors. Just days ago, the ED’s Hyderabad Zonal Office conducted raids at multiple locations in Hyderabad and Secunderabad, uncovering incriminating documents and unaccounted cash transactions amounting to around Rs 100 crore.
This investigation follows multiple FIRs filed by Telangana Police against key figures in the case, including Narendra Surana, director of Bhagyanagar Properties Limited, and K Sathish Chandra, proprietor of Sai Surya Developers.