Mahesh Babu served Reportedly, a Hyderabad-based doctor filed a complaint alleging that she was defrauded after paying Rs. 34.8 lakh for plots that didn’t exist. In the complaint, Mahesh Babu has been named as the third respondent notice over endorsement in real estate scam
Mahesh Babu
Tollywood star Mahesh Babu has been served a notice in an ongoing real estate scam case. He had endorsed the company in the past and is now being served a notice by the Ranga Reddy District Consumer Commission in Telangana for the same.
Mahesh Babu in legal trouble
According to reports, Mahesh Babu has been issued a notice for endorsing the real estate company that has allegedly defrauded its customers. Reportedly, a Hyderabad-based doctor filed a complaint alleging that she was defrauded after paying Rs. 34.8 lakh for plots that didn’t exist. In the complaint, Mahesh Babu has been named as the third respondent and has been accused of promoting the firm Sai Surya Developers and misleading buyers. The actor and his team have yet to address the issue.
When ED issued summons to Mahesh Babu in real estate scam
In April this year, the Enforcement Directorate (ED) had first issued a summons to the actor for questioning in a money laundering case linked to an alleged real estate fraud perpetrated by some local groups.
The case pertains to Sai Surya Developers, a prominent real estate firm based in Vengal Rao Nagar, the Surana Group, and others. The ED conducted searches in the case on April 16 at premises located in Secunderabad, Jubilee Hills, and Bowenpally.
The agency was looking to understand transactions worth Rs. 5.9 crore, which the actor received from the companies as endorsement fees via cheques and cash, officials said.
The ED case stems from a Telangana Police complaint against Sathish Chandra Gupta, proprietor of Sai Surya Developers, Narendra Surana, director of Bhagyanagar Properties Ltd., and others for "defrauding" and "cheating" gullible investors of their hard-earned money in the name of advances for the sale of plots involving huge amounts.
The accused allegedly orchestrated fraudulent schemes involving unauthorized land layouts, selling the same plots to different customers, accepting payments without proper agreements, and making false assurances of plot registrations, the agency said in a statement issued after the searches.
It said the actions of the accused caused financial losses to numerous investors.
The agency stated that "incriminating" documents related to deposits made by investors and about "unaccounted" cash transactions worth around Rs. 100 crore were recovered during the raids.
"Unaccounted" cash of Rs. 74.50 lakh was seized from the premises of Narendra Surana and the Surana Group of companies, it said in the statement.
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