Overview

• The Enforcement Directorate took Sandu Purnachandra Rao into custody on August 25 and produced him before the Special PMLA Court in Nampally on August 26, which remanded him to 15 days' judicial custody.
• Investigators say Sahiti Infratec marketed pre-launch projects without RERA or HMDA permissions and diverted buyer payments outside escrow through multiple accounts and cash collections.
• The ED alleges Rao helped raise more than ₹800 crore across illegally launched projects, including over ₹216 crore collected in cash from buyers for the Sarvani Elite project.
• Rao is accused of misappropriating about ₹126 crore, with over ₹50 crore in cash, and of transferring 21 properties via employees and associates for the beneficial ownership of MD B. Lakshminarayana.
• Prior actions include raids, bank freezes, and provisional attachment of assets worth ₹161.5 crore, with MD Lakshminarayana arrested in September 2024 and still in judicial custody as the probe continues.