ED arrests real estate firm MD in Rs 61 crore money laundering case

NEW DELHI: The Enforcement Directorate (ED), Hyderabad Zonal Office, has arrested Kakarla Srinivas, Managing Director of Jayathri Infrastructures India Pvt Ltd, in connection with a money laundering probe involving alleged cheating of homebuyers and investors to the tune of Rs 61 crore, the agency said on Saturday.

Srinivas was apprehended on December 18, 2025, under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, following an extensive investigation by the central agency

According to the ED, the case stems from multiple FIRs registered by the Cyberabad Police against Jayathri Infrastructures, its sister concern Jayathri Reliabilities India Pvt Ltd, Srinivas, and others.

These FIRs were lodged on complaints from homebuyers and investors who alleged cheating, criminal breach of trust, and misappropriation of funds collected in the name of real estate development.