Save Box fraud case: ED to file charge-sheet against actor Jayasurya

Kochi: The Enforcement Directorate (ED) is set to file a formal charge-sheet against popular Malayalam actor Jayasurya in connection with the multi-crore Save Box bidding app fraud case. The agency will submit the same before the Ernakulam Special Court for PMLA cases in Kaloor.

The investigation originates from allegations that the "Save Box" app, an online bidding and investment platform launched in 2019, defrauded investors of crores of rupees by promising lucrative returns. The actor served as the brand ambassador for the app. The ED probe revealed that proceeds of crime were allegedly diverted to pay for celebrity endorsements.
In February 2026, the ED provisionally attached immovable assets worth ₹39.01 lakh belonging to the actor, identifying them as part of the "proceeds of crime" generated through the fraudulent scheme.

The app's promoter, Swathiq Rahim, allegedly lured investors with promises of up to 25% monthly returns and franchise opportunities. The scheme eventually collapsed in 2022, leading to multiple FIRs.