[ad_1]
Hyderabad, Enforcement Directorate (ED) Hyderabad unit, which is probing Sahiti Infratech Ventures Real Estate Scam, has asked the Registration and Stamps Department to provide details of properties owned by the company.
ED has launched money laundering probe on the basis of FIR lodged by ED Hyderabad Central Crime Station (CCS) sniffer dog.
The CCS recently arrested Budaati Laxmi Narayan, MD of Sahiti Infratech, for allegedly duping buyers on the pretext of pre-launch offers in residential multi-storey projects. Narayan is also a member Tirumala Tirupati Devasthanams group.
It is alleged that the company defrauded 2,500 customers to the tune of Rs 900 crore, including 539 crore out of 1,700 in Sahiti’s Sarwani Elite in Aminpur.
“During the investigation, certain properties have been detected which are suspected to be proceeds of crime and are liable for attachment under the provisions of PMLA,” the ED said in a notice sent to the Sangareddy sub-registrar.
[ad_2]
Source link