ED Arrests Jayathri Infrastructures MD, Secures Judicial Custody in Alleged ₹60-Crore Fraud

The probe focuses on claims that investor deposits were laundered through front entities to conceal their origin.

Overview

Srinivas was apprehended in Chennai on December 18 and produced before the Special PMLA Court on December 19, which remanded him to judicial custody until December 31.
The Enforcement Directorate opened its case after multiple FIRs by Telangana/Cyberabad Police alleging Jayathri Infrastructures raised around ₹60–61 crore from buyers and investors via pre-launch offers and other schemes without delivering units or refunds.
ED searches on November 20–21 at eight locations linked to the company and associates yielded digital devices, incriminating documents and frozen bank accounts.
Investigators allege the proceeds were layered through multiple linked entities, some operating from residential or fictitious addresses, and that project lands were diverted away from genuine purchasers.
Officials say Srinivas had earlier been arrested by Hyderabad police, was released on bail and went absconding before being located at an Anna Nagar club in Chennai.