Fri Dec 19 05:13:33 UTC 2025: Summary:
The Enforcement Directorate (ED) in Hyderabad has arrested Kakarla Srinivas, the Managing Director of Jayathri Infrastructures India Private Limited, in connection with a money laundering case involving defrauded homebuyers. Srinivas was arrested in Chennai after absconding and will appear in court. The case involves allegations that Jayathri Infrastructures collected approximately ₹60 crore from homebuyers through deceptive pre-launch housing schemes but failed to deliver the promised flats or provide refunds. The ED previously conducted searches at eight locations connected to the company and related entities. The ED alleges that funds were diverted and layered through multiple entities with no legitimate business ties, some operating from fake addresses, to conceal the illegal proceeds.
News Article:
Jayathri Infrastructures MD Arrested in Homebuyer Fraud Case
HYDERABAD, INDIA – December 19, 2025 – Kakarla Srinivas, Managing Director of Jayathri Infrastructures India Private Limited, has been apprehended by the Enforcement Directorate (ED) in connection with a major money laundering investigation tied to defrauded homebuyers. Srinivas, who had been on the run, was arrested in Chennai yesterday and is scheduled to appear before a special court in Ranga Reddy district today.
The arrest follows a probe into allegations that Jayathri Infrastructures collected approximately ₹60 crore from unsuspecting homebuyers through deceptive pre-launch housing schemes. The company allegedly failed to deliver the promised flats or return the funds.
“The ED alleges that the proceeds of crime generated through non-delivery of flats were diverted and layered through multiple entities without genuine business relationships,” said an ED spokesperson. “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.”
Prior to the arrest, the ED conducted searches at eight locations in November, targeting premises linked to Jayathri Infrastructures, as well as other related entities including Janapriya Group, Raja Developers and Builders, and others.
The ED initiated its investigation based on multiple First Information Reports (FIRs) filed by Telangana Police concerning the fraudulent schemes. Srinivas had previously been arrested by Hyderabad Police in related cases but was later released on bail. This arrest marks a significant development in the ongoing effort to bring those responsible for the alleged fraud to justice and potentially recover funds for the affected homebuyers.
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