New Delhi, Jan. 6 -- The Enforcement Directorate on Tuesday said it has filed a supplementary charge sheet before a special PMLA court in Hyderabad against B Lakshminarayana and Sandhu Purnachandra Rao, former officials of Sahiti Infratec Ventures India Pvt Ltd (SIVIPL).
The court took cognizance of the charge sheet on Monday.
The ED initiated a PMLA investigation based on an FIR registered by Telangana Police against SIVIPL, B. Lakshminarayana, and others for advertising a "pre-launch offer" for the construction of a world-class residential gated community and collecting large sums from prospective buyers.
The company, however, failed to deliver the flats or refund the money, thereby cheating buyers of their hard-earned savings. Subsequ...