The Enforcement Directorate arrested Kakarla Srinivas, Managing Director of Jayathri Infrastructures India Pvt. Ltd, from Chennai over allegations of cheating homebuyers and money laundering involving ₹60 crore. The firm collected large sums through pre-launch housing schemes but failed to deliver flats or refund money. ED probes found that criminal proceeds were layered through multiple entities operating from fake or residential addresses to disguise the money trail. Prior police investigations led to Srinivas's earlier arrest and subsequent bail. Eight premises linked to associated entities were searched under PMLA provisions as part of the ongoing investigation.