Funds diverted through multiple entities; main accused absconding after bail
Hyderabad, November 24, 2025 – The Enforcement Directorate (ED) has uncovered a major real estate fraud involving Jayathri Infrastructures India Pvt. Ltd, which allegedly collected approximately Rs.60 crore from homebuyers through deceptive pre-launch schemes and failed to deliver promised flats or refunds.
Modus Operandi
According to ED findings, the firm fraudulently collected funds from homebuyers through misleading pre-launch schemes but failed to deliver the promised apartments or provide refunds to victims.
The money generated by M/s Jayathri Infrastructures India Pvt. Ltd. through non-delivery of flats was diverted and layered through multiple entities in the absence of genuine business relationships.
Shell Companies and Conduits
Investigations revealed that several entities used to route the funds were found operating from fictitious or residential premises and acted as conduits to route investor funds through non-genuine transactions, facilitating concealment and layering of proceeds of crime (POC).
ED Searches Conducted
The ED conducted searches at the premises of:
- M/s Janapriya Group
- M/s Raja Developers & Builders
- R.K. Ramesh
- M/s Satya Sai Transport
- M/s Sri Gayathri Homes
- M/s Siva Sai Construction
Main Accused Absconding
The main accused, Kakarla Srinivas, was earlier arrested by Hyderabad Police and subsequently released on bail. He is currently absconding, according to ED sources.
The case highlights the growing issue of real estate fraud in Hyderabad, where developers collect funds through pre-launch offers but fail to complete projects, leaving homebuyers stranded without flats or refunds.
The ED is continuing its investigation to trace the diverted funds and identify all entities involved in the money laundering network.
