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Hyderabad: ED raids in money laundering case
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....yderabad: ED raids in money laundering case<BR>PTI News<BR>Dated:- 16-4-2025<BR>PTI<BR>Hyderabad, Apr 16 (PTI) The Enforcement Directorate on Wednesday carried out raids at multiple locations here as part of a money laundering investigation linked to alleged fraud with real estate investors, official sources said. The action is being taken against the Surana Group and Sai Surya Developers. The ra....
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....ids are being undertaken at premises located in Secunderabad, Jubilee Hills and Bowenpally, the sources said. The investigation under the PMLA pertains to 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'. Actor Mahesh Babu was the bran....
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....d ambassador of the project, they said. However, there are no allegations against him as of now. The sources said a 32-year-old software engineer had filed a cheating case with the local police against Gupta and his company, a prominent real estate firm based in Vengal Rao Nagar, Hyderabad. According to the complaint (registered at the Madhura Nagar police station) Nakka Vishnu Vardhan, along w....
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....ith several others collectively invested an amount of more than Rs three crore in Sai Surya Developers' Green Meadows' venture - a 14-acres land in Shadnagar - in April 2021. The others who invested in the said project include Dr Sudhakar Rao, Srikakulma Vital Mahesh, Rajesh, Srinath, K Harish, Kotla Shashank, Ravi Kumar, K Prabhavathi, Venkat Rao, and Krishna Mohan, the sources said. The Sura....
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....na Group too is being probed in the said case, they said. PTI NES DV DV<BR> News - Press release - PIB....