ED Searches Eight Sites in ₹60-Crore Jayathri Infrastructures Money-Laundering Probe

Overview

• The ED opened the case on Telangana Police FIRs alleging Jayathri Infrastructures took about ₹60 crore from homebuyers through pre‑launch offers without delivering flats or refunds.
• The Hyderabad Zonal Office carried out Section 17 searches on November 20–21 at eight locations linked to the company and associated entities.
• Premises searched included Janapriya Group, Raja Developers & Builders, R. K. Ramesh, Satya Sai Transport, Sri Gayathri Homes, and Siva Sai Constructions.
• Officers seized digital devices and incriminating papers, froze bank accounts, and recovered records of undelivered units, MOUs, and documents on land alienation.
• The ED says funds were layered through entities lacking genuine business activity, initial scrutiny points to collusion and diversion of project land, and MD Kakarla Srinivas remains absconding.