Managing Director of Sahiti Infratec Ventures India, Boodati Lakshminarayan, arrested for money laundering and fraud of ₹1,119.93 crore.

Boodati Lakshminarayan, Managing Director of Sahiti Infratec Ventures India Pvt. Ltd., was arrested on September 30 in Hyderabad for money laundering. A Special Court has placed him in judicial custody until October 14. The Enforcement Directorate (ED) alleges he defrauded 1,752 customers of ₹1,119.93 crore by launching projects without necessary approvals and misappropriating funds. Properties worth ₹161.50 crore have been attached in connection to the case.