Telugu SuperStar Mahesh Babu delivered not a notification of the Directorate for Part of Recognition (ED) in connection with a money laundering probe including two real estate companies.
The investigation focuses on the alleged extensive financial misconduct and fraudulent activities of Sai Surya developers and the Surana group.
Messages suggest that Mahesh Babu is under control for approval of projects tied to these developers and allegedly accepts £5.9 crore as compensation.
This amount, £3.4 crore was paid by check while £2.5 Crore was reportedly accepted in cash that is now being investigated.
Times of India said that Ed quoted that Mahesh Babu reportedly received a total £5.9 Crore to approval projects of Sai Surya developers, with £3.4 crore paid by check and remaining £2.5 crore in cash.
FIRS Filed by the Telangana Police claims that real estate companies cheated on investors by selling land in unauthorized layouts, selling the same land to more buyers and false promises of guaranteed registration.
It is assumed that the approval of actor Malesh Babuho’s projects significantly increased public confidence and attracted buyers who allegedly did not know about alleged fraud. It is important to realize that there is no evidence that the actor is involved in the operating party of fraud.
The TOI report said that Ed is currently focusing on payments that he received as an investigation claims to reveal evidence of a suspicious transaction in total £100 crore
(This is an evolving story)
(Tagstotranslate) Mahesh Babu
