The Enforcement Directorate (ED) Hyderabad unit arrested Kakarla Srinivas, Managing Director of Jayathri Infrastructures India Private Limited. This is in connection with a cheating and money laundering case involving homebuyers. Srinivas was absconding and was caught in Chennai on December 18, 2025. He will be produced before the Special PMLA Court at Ranga Reddy district at 10:30 a.m. on December 19. The case relates to Jayathri Infrastructures allegedly cheating homebuyers by collecting large sums under pre-launch housing schemes but failing to deliver flats or refund the amounts. Earlier, the ED conducted raids at eight locations on November 20 and 21, 2025. These raids targeted places linked to Janapriya Group, Raja Developers and Builders, R.K. Ramesh, Satya Sai Transport, Sri Gayathri Homes, Siva Sai Constructions, and others. The investigation began after multiple FIRs were filed by Telangana Police, accusing the firm of fraudulently collecting about ₹60 crore from homebuyers. The ED stated that the crime money was moved through many entities without real business ties. Some were from fake or residential addresses, acting as channels to hide the illegal funds through false transactions. Srinivas was earlier arrested by Hyderabad Police in related cases but later got bail.