Archive · 19 Dec 2025
ED Arrests Jayatri Infrastructures MD in ₹300-Crore Scam
The Enforcement Directorate (ED) has arrested the head of a company called Jayatri Infrastructures.
His name is Kakarla Srinivas.
He is accused of cheating people by taking money for houses that were never built.
He took about ₹300 crore from people who wanted to buy homes.
Instead of using the money to build the houses, he allegedly used it for other things.
The ED is now investigating to find out where the money went and who else might be involved.
The man will soon appear in court to face legal action.
Kakarla Srinivas, MD of Jayatri Infrastructures, arrested by ED for a ₹300-crore pre-launch housing scam.
Srinivas allegedly collected money from homebuyers for residential projects but failed to deliver the houses.
Funds were reportedly siphoned off and misused instead of being invested in the housing projects.
ED officials arrested Srinivas in Chennai and shifted him to Hyderabad for further legal proceedings.
Investigation is ongoing to trace the money trail and identify other persons involved in the scam.
- Who
- Kakarla Srinivas, Managing Director of Jayatri Infrastructures Private Limited
- What
- Arrested for a ₹300-crore pre-launch housing scam
- When
- Recently (specific date not mentioned)
- Where
- Arrested in Chennai, shifted to Hyderabad
- Why
- Allegedly collected money from homebuyers and failed to deliver promised houses
- Accused
- Kakarla Srinivas
- Company
- Jayatri Infrastructures Private Limited
- Amount Involved
- ₹300 crore
- Location of Arrest
- Chennai
- Current Location
- Hyderabad
- Nature of Fraud
- Pre-launch housing scam
- Legal Status
- To be produced in court
- Investigation Status
- Ongoing
