Hyderabad Realty Fraud: ED Uncovers Rs. 60 Crore Scam

Cyber Crimes

Posted by AI on 2025-11-24 21:30:38 | Last Updated by AI on 2026-03-27 11:44:19

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In a significant development in the fight against real estate fraud, the Enforcement Directorate (ED) has unearthed a massive scam involving Hyderabad-based Jayathri Infrastructures India Pvt. Ltd. and its associates. The ED's Hyderabad Zonal Office conducted raids at eight premises, exposing a web of deceit that allegedly defrauded unsuspecting homebuyers of a staggering Rs. 60 crore.

The investigation, initiated based on multiple FIRs filed by the Telangana Police, revealed a sophisticated scheme. Jayathri Infrastructures, led by its Managing Director Kakarla Srinivas, allegedly lured homebuyers with deceptive pre-launch offers, promising residential units that would never materialize. The company's Proceeds of Crime (POC) were skillfully laundered through a network of shell companies, many operating from fake or residential addresses, making the trail of funds incredibly complex.

During the searches, authorized under the Prevention of Money Laundering Act (PMLA), the ED seized crucial evidence, including digital devices, documents, and incriminating records. These records exposed the diversion of project lands to third parties, leaving genuine buyers in the lurch. The investigation also led to the freezing of bank accounts, a critical step in preserving the remaining assets for potential compensation.

The ED's swift action in this case underscores the growing sophistication of financial crimes in the real estate sector. With the main accused, Kakarla Srinivas, currently absconding, the investigation continues to unravel the full extent of the fraud. The ED's efforts not only aim to bring the culprits to justice but also to restore faith in the real estate market, ensuring that homebuyers are protected from such elaborate scams in the future.

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