ED knocks at doors of Mahesh Babu: Big deals with Surana Group under scanner
On April 16, ED officials conducted searches at the homes and offices of top executives of Surana Industries and Sai Surya Developers. Large sums of cash, financial documents, and evidence of suspicious transactions were reportedly found.
Surana Group is also under investigation for allegedly defaulting on bank loans totaling Rs 3,986 crore. The Central Bureau of Investigation (CBI) has filed three cases against the company over these unpaid debts.