New Delhi, Nov. 24 -- The Enforcement Directorate's (ED) Hyderabad Zonal Office on Monday stated that it recently conducted search operations at eight premises. The raids are part of an investigation into Jayathri Infrastructures India Pvt. Ltd., its Managing Director Kakarla Srinivas, and associated entities.
Searches were conducted at the premises of Janapriya Group, Raja Developers & Builders, R.K. Ramesh, Satya Sai Transport, Sri Gayathri Homes, and Siva Sai Constructions, among others.
The ED initiated its investigation based on multiple FIRs registered by Telangana Police. The FIRs allege that the company fraudulently collected about Rs 60 crore from homebuyers through deceptive pre-launch schemes and failed to deliver the promised ...