ED Seizes ₹12 Crore Assets of Sahiti Infratec in ₹842 Crore Scam
HYDERABAD: The Enforcement Directorate’s Hyderabad zonal office has seized movable and immovable assets valued at ₹12.6 crore belonging to Sahiti Infratec Ventures India Private Limited (SIVIPL), its ex-director Sandu Purnachandra Rao, his family, and related entities under the Prevention of Money Laundering Act. This action was prompted by various FIRs filed by the Telangana police against SIVIPL and its promoters, following complaints from investors who claim they were defrauded of ₹842 crore. The investors were promised residential properties that were never delivered. The ED uncovered that SIVIPL raised substantial amounts without the necessary approvals from the Real Estate Regulatory Authority…