Surana Group - hyderabadherald.in

ED knocks at doors of Mahesh Babu: Big deals with Surana Group under scanner

Herald Bureau2 months ago2 months ago02 mins

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.

Surana Group under ED scanner: Its offices, establishments raided

Herald Bureau2 months ago2 months ago03 mins

he Central Bureau of Investigation (CBI) has already registered three separate cases against the group, citing fraudulent practices and willful default on loans. Sai Surya Developers is reportedly linked to the Surana Group, prompting its inclusion in the current round of raids. Sources suggest that both entities are being investigated for possible money laundering and fund diversion schemes.