Latest news with #SaiSuryaDevelopers
NDTV
20 hours 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.
&w=3840&q=100)
Business Standard
a day 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.
Hindustan Times
a day ago
- Entertainment
- Hindustan Times
Mahesh Babu gets legal notices for endorsing alleged real estate scam worth ₹34 lakh; ‘misleading buyers'
Actor Mahesh Babu has run into legal trouble again due to a real estate company he endorsed in the past. According to a Deccan Chronicle report, the Ranga Reddy District Consumer Commission in Telangana has issued notices to the Tollywood actor regarding his endorsement of a real estate firm. Mahesh Babu has received legal notices for endorsing a real estate firm. Legal notices sent to Mahesh Babu The report states that a Hyderabad-based doctor filed a complaint alleging that she was defrauded after paying ₹34.8 lakh for plots that didn't exist. Mahesh has reportedly been named as the third respondent, accused of promoting the firm Sai Surya Developers and misleading buyers. The actor and his team have yet to address the issue. ED issued summons to Mahesh Babu In April this year, the Enforcement Directorate (ED) questioned Mahesh in a money laundering case involving Sai Surya Developers and Surana Group. According to PTI, Sai Surya Developers' owner, Kancharla Satish Chandra Gupta, was facing a police probe for alleged delivery default of a project named Green Meadows. Mahesh Babu was the project's brand ambassador and was reportedly paid ₹5.9 crore for it via cheques and cash. Sources had told the news agency that the actor was not being investigated as an accused and may not have been involved in the scam. They stated that he may have 'endorsed the realty projects of the accused companies without knowing about the alleged fraud.' Recent work Mahesh was last seen in Trivikram Srinivas' 2023 film Guntur Kaaram, which starred Prakash Raj, Ramya Krishnan, and Sreeleela. The actor is now shooting for SS Rajamouli's yet-to-be-titled jungle adventure film SSMB 29, which also stars Priyanka Chopra and Prithviraj Sukumaran. While the makers haven't revealed much about the film, it has a story penned by Vijayendra Prasad and is touted to be along the lines of Indiana Jones.
India Today
a day ago
- Business
- India Today
Actor Mahesh Babu gets legal notice for promoting real estate firm
The Rangareddy District Consumer Commission has issued a legal notice to Telugu actor Mahesh Babu, who is associated as a brand ambassador for a real estate firm. This action is part of a complaint against the firm, Ms Sai Surya Developers, and its owner, Kancherla Satish Chandragupta. The commission has included the actor in the notice as a third respondent, indicating his involvement through endorsement complainants have alleged that promotional materials featuring Babu led them to invest in potentially misleading promises. These materials were reportedly persuasive enough to convince individuals to make significant financial commitments, expecting returns that were never realised. The issue has attracted considerable attention, highlighting the influence of celebrity Proceedings InitiatedThe complaint was filed by individuals who claim they were misled by marketing materials that prominently featured Mahesh Babu. These individuals argue that the promotional content, which included Babu, assured them of certain benefits and investments that were not realised. Consequently, they felt deceived after making payments based on these assurances. The situation has raised concerns about celebrity endorsements and their impact on consumer decisions, prompting the commission to seek clarifications from the actor and other respondents. This legal action highlights the need for accountability in advertising, especially when well-known personalities are involved. The case serves as a reminder of the potential pitfalls of celebrity-backed for Celebrity EndorsementsMahesh Babu's involvement as a brand ambassador has now become a focal point in evaluating the broader implications of celebrity endorsements in advertising. This case underscores the potential risks faced by celebrities when promoting products or companies, especially when consumer grievances the legal process unfolds, the outcome may influence future regulations and responsibilities for endorsers, potentially affecting how celebrities engage in promotional roles. The commission's notice signals a growing scrutiny over the responsibilities of public figures in commercial advertisements. This could lead to stricter guidelines on how endorsements are conducted, ensuring that consumers are not misled by the allure of celebrity influence. The evolving landscape of advertising may require celebrities to exercise greater caution.- EndsMust Watch
Time of India
a day 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.
