Tag: Sai Surya Developers

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ED Seizes ₹14 Crore in Sai Surya Developers Fraud Case

HYDERABAD: The Enforcement Directorate (ED) in Hyderabad has provisionally attached assets worth ₹14 crore under the Prevention of Money Laundering Act. This action is part of an investigation into Sai Surya Developers and others, who are accused of defrauding numerous depositors by falsely claiming to sell plots in various real estate projects. The assets seized include land owned by Sai Surya Developers. The ED commenced its investigation based on multiple FIRs filed by the Telangana police against Sathish Chandra Gupta, the proprietor of Sai Surya Developers, among others. According to the police’s chargesheet, Gupta allegedly received payments from several victims…

Latest StoriesRegulatory

Mahesh Babu Receives Notice Over Fraud Complaint on Plot Sale

HYDERABAD: A consumer court has issued a notice to actor Mahesh Babu regarding a complaint against Sai Surya Developers, a real estate company he endorsed. This notice, from the Rangareddy District Consumer Disputes Redressal Commission, was prompted by a complaint from a local doctor claiming she was defrauded of 34.8 lakh after buying a non-existent plot. In this case, Sai Surya Developers is the first respondent, followed by its owner Kancharla Satish Chandra Gupta and Mahesh Babu as the third respondent. The complainant, along with her husband, was led to trust the company due to Mahesh Babu’s endorsement. After making…