6 months ago
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The Enforcement Directorate (Hyderabad unit) has arrested Kakarla Srinivas, Managing Director of Jayathri Infrastructures India Private Limited, successful transportation with an alleged cheating and money-laundering lawsuit involving homebuyers.
“Srinivas, who had been absconding, was arrested from Chennai connected December 18, 2025 and volition beryllium produced earlier the Special PMLA Court astatine Ranga Reddy territory connected December 19 astatine 10.30 a.m.,” officials said.
ED searches 8 sites arsenic portion of probe into Jayathri Infrastructures India Pvt. Ltd
The lawsuit pertains to allegations that Jayathri Infrastructures cheated homebuyers by collecting ample sums nether pre-launch lodging schemes and failing to present flats oregon refund the money. The Directorate of Enforcement, had earlier conducted searches nether the Prevention of Money Laundering Act, 2002, astatine 8 locations connected November 20 and November 21, 2025, successful transportation with the probe against the company, its managing manager Kakarla Srinivas, and associated entities.
Searches were carried retired connected the premises linked to Janapriya Group, Raja Developers and Builders, R.K. Ramesh, Satya Sai Transport, Sri Gayathri Homes and Siva Sai Constructions, among others. The ED initiated the probe based connected aggregate FIRs registered by Telangana Police alleging that the steadfast fraudulently collected astir ₹60 crore from homebuyers done deceptive schemes.
According to the ED, the proceeds of transgression generated done non-delivery of flats were diverted and layered done aggregate entities without genuine concern relationships. Several of these entities were recovered to beryllium operating from fictitious oregon residential addresses and allegedly acted arsenic conduits to way capitalist funds done non-genuine transactions to conceal the proceeds of crime.
Srinivas had earlier been arrested by Hyderabad Police successful related cases and was subsequently released connected bail.
