Hyderabad, Oct 24
The ED attached movable and immovable properties worth Rs 12.65 crore belonging to Sahiti Infratec Ventures India Pvt Ltd (SIVIPL), its former director Sandu Purnachandra Rao and his family members in a PMLA case related to fraud with homebuyers, an official said on Friday.
Boodati Lakshminarayan, Managing Director of SIVIPL, was arrested by the ED in September last year under provisions for money laundering involving over Rs 1,000 crore.
In January 2024, the Hyderabad Police registered a case against Lakshminarayana and 21 others for allegedly conspiring to dupe 1,752 customers. The accused had collected Rs 1,119.93 crore from the customers.
Victims of Sahiti Sarvani Elite had also staged a protest in May, demanding that the police expedite the investigation into what they called the "biggest real estate scam in Telangana".