Jagapati Babu. | Photo Credit: GIRI KVS
The ED collected particulars of the remuneration and fee strategies obtained by the actor for showing in promotional campaigns of Sahiti Infra. Investigators are inspecting whether or not these funds have been respectable as a part of a wider probe into alleged monetary irregularities.
The case centres on Sahiti Infratec Ventures India Pvt. Ltd. (SIVIPL), accused of defrauding over 700 consumers of almost ₹360 crore by means of pre-launch provides of luxurious residential tasks. The firm allegedly diverted funds into a number of accounts and shell corporations, bypassing regulatory necessities, whereas failing to ship promised flats or refunds.
Earlier, Sandu Purnachandra Rao, former director of SIVIPL and head of its gross sales and advertising and marketing staff, was arrested on August 25 underneath the Prevention of Money Laundering Act, and managing director B. Lakshminarayan was taken into custody in September 2024. The ED has seized paperwork, frozen financial institution accounts, and provisionally hooked up property price ₹161.5 crore. Investigations are ongoing.
Published – September 26, 2025 08:08 am IST
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