Hyderabad: CCS Files Chargesheet Against Sahiti Infratech for Real Estate Fraud
The EOW disclosed that over 90 cases have been booked against the company so far investigation is still underway, with special teams reaching out to additional victims to gather further evidence.
Hyderabad: The Central Crime Station (CCS) has filed a chargesheet against Sahiti Infratech Ventures India Pvt Ltd (SIVIPL) and its managing director for perpetrating hundreds of crores of rupees worth real estate fraud. The police had arrested its managing director Boodati Lakshminarayana and former director Sandu Purnachandra Rao in December.
According to CCS investigators, SIVIPL and its promoters have cheated more than 2,500 customers of over Rs 842 crore by offering “pre-launch” deals for residential projects without owning the required land or securing mandatory permissions from authorities such as the HMDA and the GHMC.
The CCS registered multiple FIRs against the firm and its directors following complaints from aggrieved buyers. Based on these cases, the Enforcement Directorate (ED) launched a parallel probe under the Prevention of Money Laundering Act (PMLA). As part of the investigation, Lakshminarayana was arrested by the ED in September 2024, having earlier been taken into custody by the police in December 2022.
Former director Purnachandra Rao was arrested by the ED in August 2025. The ED has since filed prosecution complaints before a special PMLA court at Nampally, which has taken cognisance of the case. ED has also provisionally attached assets belonging to the accused and the company valued at over Rs 174 crore, including earlier attachments worth Rs 161.5 crore and recent attachments of Rs 12.65 crore.
The EOW disclosed that over 90 cases have been booked against the company so far investigation is still underway, with special teams reaching out to additional victims to gather further evidence.