Actor Jagapati Babu was questioned by the Enforcement Directorate (ED) for four hours on September 25, 2025, related to the ongoing investigation into the Sahiti Infra case. Officials indicate that his involvement stems from promotional activities associated with the company, classifying him as a witness in the probe.
During the interrogation, the ED gathered information regarding the payments received by Jagapati Babu for his advertisements with Sahiti Infra. Investigators are scrutinizing the legitimacy of these payments amid a broader inquiry into alleged financial misconduct within the company.
The case revolves around Sahiti Infratec Ventures India Pvt. Ltd. (SIVIPL), which faces serious accusations of defrauding over 700 buyers, amounting to nearly ₹360 crore, through pre-launch offerings for luxury residential developments. Allegations suggest that the firm may have illegally diverted funds into various accounts and shell companies while failing to deliver the promised properties or issue refunds to buyers.
This investigation has already led to high-profile arrests, including Sandu Purnachandra Rao, a former director of SIVIPL and head of its sales and marketing division, who was taken into custody on August 25 under the Prevention of Money Laundering Act. Additionally, managing director B. Lakshminarayan was apprehended in September 2024. The ED has taken significant actions, freezing bank accounts, seizing crucial documents, and provisionally attaching assets valued at ₹161.5 crore as the investigation deepens.
The ongoing scrutiny reflects an increasing effort by authorities to hold accountable those involved in financial malfeasance and protect consumer interests. As the case develops, both the media and public are keenly observing the ramifications for all parties involved.
The ED’s inquiry into Jagapati Babu’s role is part of a wider clampdown on financial irregularities in the real estate sector, underscoring the importance of corporate transparency and accountability. As investigations continue, all eyes are now on how this high-profile case unfolds in the coming days.
For real estate consumers and the public, this news serves as a stark reminder of the risks involved in property investments, especially when dealing with pre-launch schemes. Stakeholders eagerly await further updates as the ED delves deeper into the ramifications of the Sahiti Infra scandal.
Published – September 26, 2025 08:08 am IST
Tags: Telangana, Jagapati Babu, Enforcement Directorate, Sahiti Infra, financial irregularities.
Original Source: https://www.thehindu.com/news/national/telangana/ed-questions-actor-jagapati-babu-in-sahiti-infra-fraud-probe/article70094931.ece
Category : Telangana
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Publish Date: 2025-09-26 08:08:00
