The ED has intensified the investigation into the case of Sahithi Infratech, which collected huge deposits from the buyers on the promise of constructing flats and villas. The ED, which entered the field based on the cases registered by the Telangana Police based on the complaints of the victims, is conducting a thorough investigation into the diversion of funds. Although it was initially thought to be a fraud of Rs.248 crore, the ED revealed that the value of this scam has increased to Rs.842 crore during further investigation. In this order, the ED confirmed that transactions of Rs.2.1 crore were made with Sahitya Infra through MLA Arikepudi Gandhi's bank accounts. It has sent summons to him to question the real intention of these transactions and business relations. In addition to the arrest of company MD Lakshminarayana in this case, 56 bank accounts have been frozen and nearly Rs.ED has confiscated properties worth 173 crores.
For more information on this article, read page number 3 of Abhyudayam e-paper dated 26-09-2026
