Latest news with #KancharlaSatishChandraGupta
NDTV
6 days ago
- Business
- NDTV
Actor Mahesh Babu Gets Legal Notice In Rs 34 Lakh Real Estate Fraud Case
Tollywood actor Mahesh Babu has reportedly received legal notices from the Ranga Reddy District Consumer Commission in Telangana regarding his endorsement of Sai Surya Developers, a real estate firm facing allegations of fraud. A Hyderabad-based doctor filed a complaint, claiming she was defrauded of Rs 34.8 lakh after purchasing plots that allegedly did not exist. Mahesh Babu has been named as the third respondent in the case, with the complaint asserting that his public endorsement significantly influenced potential buyers. This is not the first time Mahesh Babu's name has been linked to the company. In April 2025, the Enforcement Directorate (ED) questioned the actor in connection with a money laundering probe involving Sai Surya Developers and the Surana Group. The company's owner, Kancharla Satish Chandra Gupta, is under police investigation for defaulting on a major real estate project called "Green Meadows." While the Enfrocement Directorate's earlier investigation indicated that Mahesh Babu was not being treated as an accused and may have endorsed the project in good faith, the current consumer commission notice brings renewed scrutiny to his role as a brand ambassador. The actor and his team are yet to respond to the latest reports of a fresh notice issued.
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Business Standard
7 days ago
- Entertainment
- Business Standard
Actor Mahesh Babu served legal notices in ₹34 lakh plot fraud case
Mahesh Babu, who endorsed Sai Surya Developers, has been served legal notices after a Hyderabad-based doctor alleged she was duped of ₹34 lakh in a non-existent plot scam Actor Mahesh Babu has been served legal notices by the Ranga Reddy District Consumer Commission in Telangana over his endorsement of real estate firm Sai Surya Developers, Deccan Chronicle reported. The complaint was filed by a Hyderabad-based doctor, who alleged that she was duped after paying ₹34.8 lakh for non-existent plots. She accused the actor of endorsing Sai Surya Developers, thereby misleading prospective buyers. Mahesh Babu has been named as the third respondent in the case, the news report said. ED summons in money laundering probe Kancharla Satish Chandra Gupta, the owner of Sai Surya Developers, is at the centre of the investigation for reportedly failing to deliver the Green Meadows project. Mahesh Babu had served as the brand ambassador for this project. Reports suggest that Mahesh Babu endorsed ventures by both Sai Surya Developers and the Surana Group. He allegedly received ₹5.9 crore for his endorsement of Sai Surya Developers' projects, with ₹3.4 crore paid through cheque and ₹2.5 crore in cash. On April 16, the ED conducted searches at various locations in Secunderabad, Jubilee Hills, and Bowenpally as part of its ongoing investigation. The two firms are alleged to have collected large sums of money in advance from unsuspecting customers, offering plots in unauthorised layouts and making false promises regarding registration. While Mahesh Babu is not believed to have played a direct role in the suspected fraud, the ED is currently scrutinising the payments he received from the developers. On the professional front, Mahesh Babu was last seen in Guntur Kaaram (2024), directed by Trivikram Srinivas. The actor is currently filming SSMB 29, a jungle adventure movie directed by SS Rajamouli.
Time of India
7 days ago
- Business
- Time of India
Mahesh Babu in legal trouble: 'SSMB29' actor faces notice over endorsement of real estate firm
Tollywood superstar has found himself in legal trouble due to his association with a real estate company he endorsed in the past. The popular actor, known for his consistent streak of endorsements, has reportedly received legal notices from the Ranga Reddy District Consumer Commission in . Tired of too many ads? go ad free now According to a report published by Deccan Chronicle, a Hyderabad-based doctor filed a complaint against the actor and the real estate firm Sai Surya Developers. The complainant claimed she was defrauded of Rs 34.8 lakh after purchasing plots that, as per her allegation, did not exist. Mahesh Babu has been named as the third respondent in the case, accused of promoting the realty firm and influencing potential buyers through misleading advertising. The complaint states that the 'Guntur Kaaram' actor's public endorsement of Sai Surya Developers played a key role in building trust among prospective customers. The actor, however, has not issued any official statement in response to the notice yet, and neither has his team commented on the ongoing issue. Earlier in April 2025, the Enforcement Directorate (ED) had questioned the actor in connection with a money laundering probe involving Sai Surya Developers and the Surana Group. As per a PTI report, the company's owner, Kancharla Satish Chandra Gupta, was under police investigation for defaulting on a major real estate project named Green Meadows. The report suggested that the investigation had clarified at the time that the actor was not being treated as an accused and may not have been aware of any fraudulent activities linked to the company. They further indicated that Mahesh likely endorsed the project in good faith, without knowledge of the alleged scam. On the work front, Mahesh Babu is working on his upcoming film, 'SSMB29', helmed by the ace director SS Rajamouli. The movie also includes international star Priyanka Chopra and Malayalam star Prithviraj Sukumaran.
Hans India
23-04-2025
- Business
- Hans India
ED summons actor Mahesh Babu in PMLA case
Hyderabad: The Enforcement Directorate (ED) has summoned Tollywood actor Mahesh Babu in connection with a money laundering probe into Hyderabad-based real estate firms. Mahesh Babu has been asked to appear before the federal probe agency's office in Hyderabad on April 28. The development comes nearly a week after the Enforcement Directorate carried out raids at multiple locations in Hyderabad as part of their investigation against real estate firms Surana Group and Sai Surya Developers. The investigation under the PMLA pertains to the alleged non-delivery of real estate projects on time. The owner of Sai Surya Developers, Kancharla Satish Chandra Gupta, is facing a police probe for alleged delivery default of a project named 'Green Meadows'. Mahesh Babu was the project's brand ambassador. However, the actor is not being investigated as an accused at present and may not be involved in the scam, sources said.
Business Standard
22-04-2025
- Business
- Business Standard
ED summons actor Mahesh Babu for questioning in money laundering case
The Enforcement Directorate (ED) has summoned actor Mahesh Babu to appear for questioning on April 28 in connection with a money laundering case linked to two realty firms, according to a report by The Times of India. The actor endorsed projects by Sai Surya Developers and Surana Group-- the two Hyderabad-based real estate firms accused of non-delivery of projects on time and defrauding homebuyers. He allegedly received ₹5.9 crore for endorsing Sai Surya Developers' projects, with ₹3.4 crore paid via cheque and ₹2.5 crore in cash, the report said. On April 16, the probe agency carried out raids at multiple locations in Secunderabad, Jubilee Hills and Bowenpally as part of the investigation. The owner of Sai Surya Developers, Kancharla Satish Chandra Gupta, is facing an investigation for the alleged delivery default of a project called 'Green Meadows'. Mahesh Babu was the brand ambassador of the project. The two groups are accused of collecting crores in advance from unsuspecting buyers by selling plots in unauthorised layouts and giving false assurances of registration. Although the actor may not have been directly involved in executing the alleged scam, the ED is examining the payments he received from the real estate groups. The probe was initiated after a 32-year-old software engineer filed a cheating complaint with local police against Gupta and his company, according to news agency PTI. The complaint stated that Nakka Vishnu Vardhan and others collectively invested over ₹3 crore in the Sai Surya Developers' Green Meadows project in April 2021 but did not get possession of the property.
