Hyderabad, Nov. 25 -- The Enforcement Directorate (ED) raided eight locations linked to a construction firm in Hyderabad in connection with money laundering on November 21 and 22.

According to the agency, Jayathri Infrastructures India Pvt Ltd, its managing director, Kakarla Srinivas, and linked entities were raided. The searches covered the premises of Janapriya Group, Raja Developers and Builders, RK Ramesh, Satya Sai Transport, Sri Gayathri Homes and Siva Sai Constructions, among others were also raided.

The inquiry stems from multiple FIRs registered by Telangana police alleging that the construction firm collected about Rs 60 crore from homebuyers through pre-launch offers but did not deliver flats or issue refunds.

According to t...