HYDERABAD: The Enforcement Directorate (ED) has summoned actor Mahesh Babu to attend a formal inquiry in connection with a money laundering case related to real estate companies Surana Group and Sai Surya Developers. The actor has been asked to appear for the inquiry on Sunday.
Reportedly, the agency uncovered illegal transactions worth nearly Rs 100 crore during searches at the offices of Surana Group, Sai Surya Developers and Bhagyanagar Properties on April 16.
Additionally, the agency also seized unaccounted cash amounting to Rs 74.5 lakh from the premises of Narendra Surana of Surana Group.
Mahesh Babu reportedly received a remuneration of Rs 5.5 crore and Rs 5.9 crore from Surana Group and Sai Surya Developers respectively, for promotional activities.
The remuneration Mahesh Babu received from Sai Surya Developers, including Rs 2.5 crore in cash and Rs 3.4 crore via cheque, will reportedly be the focal point of the investigation, where links between the funds collected from the company’s fraudulent activities and the legality and course of the cash component will be investigated.