According to the ED, the proceeds of crime generated through non-delivery of flats were diverted and layered through multiple entities without genuine business relationships. Photo Credit: X/@dir_ed
The Enforcement Directorate (Hyderabad unit) has arrested Kakarla Srinivas, Managing Director of Jayathri Infrastructures India Private Limited, in connection with an alleged cheating and money-laundering case involving homebuyers.
“Srinivas, who had been absconding, was arrested from Chennai on December 18, 2025 and will be produced before the Special PMLA Court at Ranga Reddy district on December 19 at 10.30 a.m.,” officials said.
ED searches eight sites as part of probe into Jayathri Infrastructures India Pvt. Ltd
The case pertains to allegations that Jayathri Infrastructures cheated homebuyers by collecting large sums under pre-launch housing schemes and failing to deliver flats or refund the money. The Directorate of Enforcement, had earlier conducted searches under the Prevention of Money Laundering Act, 2002, at eight locations on November 20 and November 21, 2025, in connection with the probe against the company, its managing director Kakarla Srinivas, and associated entities.
Searches were carried out on 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 investigation based on multiple FIRs registered by Telangana Police alleging that the firm fraudulently collected about ₹60 crore from homebuyers through deceptive schemes.
According to the ED, the proceeds of crime generated through non-delivery of flats were diverted and layered through multiple entities without genuine business relationships. Several of these entities were found to be operating from fictitious or residential addresses and allegedly acted as conduits to route investor funds through non-genuine transactions to conceal the proceeds of crime.
Srinivas had earlier been arrested by Hyderabad Police in related cases and was subsequently released on bail.
Published – December 19, 2025 10:43 am IST
