Hyderabad, Jan. 6 -- The Enforcement Directorate (ED) has filed a supplementary prosecution complaint against two former senior executives of the Sahiti Infratec Ventures India Private Limited (SIVIPL) in a large-scale real estate fraud case involving over 700 homebuyers, with the Metropolitan Sessions Judge Court in Hyderabad taking cognizance of the complaint on Monday, January 5.

B Lakshminarayana, the former director, and Sandhu Purnachandra Rao, the former sales and marketing head, of SIVIPL face charges under the Prevention of Money Laundering Act (PMLA). The case stems from the company advertising a "pre-launch offer" for the construction of a residential gated community and collecting huge amounts of money from prospective buyers...