Did ED Arrest a Real Estate Firm MD in a Rs 61 Crore Money Laundering Case?
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Synopsis
In a shocking turn of events, the Enforcement Directorate has apprehended Kakarla Srinivas, the Managing Director of Jayathri Infrastructures, for his involvement in a massive money laundering scandal. This case highlights the alarming trend of real estate fraud impacting innocent homebuyers and investors. Stay tuned as we uncover the details of this unfolding investigation.
Key Takeaways
- Kakarla Srinivas was arrested for money laundering.
- The total amount involved is Rs 61 crore.
- Charges include cheating and misappropriation of funds.
- Investigation is ongoing by the Enforcement Directorate.
- Victims are homebuyers and investors.
New Delhi, Dec 20 (NationPress) The Enforcement Directorate (ED) from the Hyderabad Zonal Office has taken into custody Kakarla Srinivas, the Managing Director of Jayathri Infrastructures India Pvt Ltd, in relation to a money laundering investigation linked to the alleged fraud of homebuyers and investors amounting to Rs 61 crore, as announced by the agency on Saturday.
Srinivas was arrested on December 18, 2025, under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, following a thorough investigation by the central agency.
The ED stated that the case originates from several FIRs filed by the Cyberabad Police against Jayathri Infrastructures, its affiliate Jayathri Reliabilities India Pvt Ltd, Srinivas, and others.
These FIRs were lodged based on complaints from homebuyers and investors alleging cheating, criminal breach of trust, and misappropriation of funds collected under the guise of real estate development.
Investigators revealed that the accused purportedly attracted investors by promising pre-launch residential apartments, commercial spaces, Metro station stalls, and guaranteed rental income.
Nevertheless, the anticipated projects and returns failed to manifest, resulting in considerable financial losses for the affected individuals.
The ED's investigation uncovered that Srinivas generated illegal proceeds totaling approximately Rs 61 crore through these activities.
The agency determined that the funds were meticulously layered through various bank accounts and funneled into group companies, directors, family members, and proxy entities.
A notable portion of the funds was withdrawn in cash, while some were allegedly utilized to purchase immovable assets and settle unrelated debts, with the objective of obscuring the actual source of the money.
Earlier, Srinivas was arrested by the KPHB Police Station in Cyberabad in May 2025 and was granted bail in July of the same year.
However, he later fled and remained untraceable despite multiple summons and searches at various locations.
ED officials executed searches at eight locations, recovering damning documents pertinent to the diversion of funds.
Based on reliable intelligence, ED officers apprehended Srinivas at a club in Anna Nagar, Chennai.
He was presented before a special PMLA court on December 19, which remanded him to judicial custody until December 31, 2025.
The investigation into this case continues.
Point of View
I believe that this incident underscores the ongoing challenges in the real estate sector, particularly regarding investor trust and buyer protection. The ED's actions reflect a necessary step toward accountability, ensuring that fraudulent activities are addressed and that homebuyers are safeguarded. NationPress remains committed to bringing you comprehensive coverage of such critical issues.
NationPress
20/12/2025
Frequently Asked Questions
What is the amount involved in the money laundering case?
The amount involved in the money laundering case is approximately Rs 61 crore.
Who was arrested by the Enforcement Directorate?
The Enforcement Directorate arrested Kakarla Srinivas, the Managing Director of Jayathri Infrastructures India Pvt Ltd.
What law was invoked for the arrest?
The arrest was made under the Prevention of Money Laundering Act (PMLA), 2002.
What were the complaints against Jayathri Infrastructures?
The complaints included allegations of cheating, criminal breach of trust, and misappropriation of funds from homebuyers and investors.
What is the current status of the investigation?
The investigation into the case is ongoing, with further inquiries being conducted by the ED.
