ED Issues Notices to MLA Arikepudi Gandhi in Sahethi Infra Case
The Enforcement Directorate has issued formal notices to a prominent legislator in connection with an ongoing financial investigation.
INDToday
Serilingampally MLA Arekapudi Gandhi received official summons regarding a high-profile real estate money laundering case.
The Hindu
Central investigators have intensified their probe into Sahiti Infratech Ventures India Private Limited over alleged financial irregularities.
According to initial findings from the federal agency, suspicious fund transfers were traced directly to personal accounts.
Hyderabad News Hunt
The investigation specifically focuses on transactions amounting to approximately two crore rupees linked to the firm.
Hyderabad News Hunt
Officials stated that the real estate company had previously collected massive pre-launch advances from hundreds of prospective homebuyers.
The Hindu
Many of these investors never received their promised residential flats or any refunds from the management.
The Hindu
The total proceeds generated through the fraudulent scheme are estimated by authorities to run into hundreds of crores.
The Hindu
Investigators are now looking into why company funds were diverted into various unrelated personal and corporate channels.
The Hindu
The central agency has asked the local representative to appear in person for questioning at their regional office.
During the scheduled session, officials plan to record his statement regarding the exact nature of these financial dealings.
They will ask him to clarify whether legitimate business operations justified the money transfers found in his bank records.
This sudden development has created significant political ripples across the state’s legislative circles and local media.
Opposition parties have started demanding deeper clarity on how public representatives interact with controversial corporate entities.
Meanwhile, legal teams representing various affected homebuyers continue to push for the complete recovery of their lost savings.
The federal agency maintains that further asset attachments and banking freezes will follow as the inquiry widens.
Investigators are also analyzing statements previously recorded from other arrested directors and key management personnel.
The political leader is expected to present his clarification and financial documents during the upcoming hearing.
Further legal actions will depend heavily on the explanations provided during this round of central interrogation.
