Telugu Actor Jagapathi Babu Quizzed in SIVIPL Real Estate Scandal
Telugu actor Jagapathi Babu was questioned by the Enforcement Directorate (ED) in connection with a major real estate scam involving Sahiti Infratec Ventures India Pvt. Ltd. (SIVIPL). The probe centers on allegations of cheating over 700 homebuyers out of ₹360 crore.
Real EstateFraudJagapathi BabuSiviplHyderabadReal Estate NewsSep 26, 2025
SIVIPL is accused of cheating over 700 homebuyers out of about ₹360 crore by selling luxury apartments before getting the necessary approvals. The company allegedly moved investor money through multiple accounts—often in cash and without proper safeguards. As a result, many homebuyers were left without their homes or refunds. So far, two top SIVIPL executives have been arrested, and assets worth ₹161.5 crore have been seized. The investigation into money laundering is still ongoing.
The ED's scrutiny of Jagapathi Babu's financial transactions with SIVIPL is part of a broader effort to trace the flow of funds and identify all parties involved in the scam. The actor's cooperation with the authorities is seen as a step towards uncovering the full extent of the fraud. While there is no official statement from Jagapathi Babu, sources close to the investigation suggest that he is providing all necessary information to the ED.
The real estate sector in Hyderabad has been under increased scrutiny due to several high-profile scams. Homebuyers and investors are calling for stricter regulations and more transparent practices to prevent such incidents in the future. The ED's investigation into SIVIPL is expected to set a precedent for similar cases and enhance accountability in the real estate market.
Sahiti Infratec Ventures India Pvt. Ltd. (SIVIPL) was once a promising real estate developer in Hyderabad, known for its luxury projects. However, the company's fraudulent activities have tarnished its reputation and led to significant financial losses for numerous homebuyers. The ongoing investigation aims to hold all responsible parties accountable and provide some form of justice to the victims.
As the probe continues, the focus remains on recovering the funds and ensuring that the affected homebuyers receive fair compensation. The ED's efforts are supported by various government agencies and legal bodies to ensure a comprehensive and thorough investigation. The public's attention is closely following the developments, hoping for a resolution that brings closure to this complex and devastating scam.
Frequently Asked Questions
What is the SIVIPL real estate scam about?
The SIVIPL real estate scam involves the company allegedly cheating over 700 homebuyers out of ₹360 crore by selling luxury apartments before getting the necessary approvals and failing to deliver the homes or refunds.
Who is Jagapathi Babu and why was he questioned?
Jagapathi Babu is a renowned Telugu actor. He was questioned by the Enforcement Directorate (ED) in connection with the SIVIPL real estate scam to review his ties with the company and track money transfers between him and former SIVIPL director Sandu Purnachandra Rao.
What actions have been taken against SIVIPL?
Two top SIVIPL executives have been arrested, and assets worth ₹161.5 crore have been seized. The investigation into money laundering is still ongoing.
What is the role of the Enforcement Directorate (ED) in this case?
The ED is investigating the financial transactions and money laundering aspects of the SIVIPL real estate scam. They are tracing the flow of funds and identifying all parties involved in the fraud.
What is the impact of this scam on the real estate sector in Hyderabad?
The SIVIPL scam has led to increased scrutiny of the real estate sector in Hyderabad. Homebuyers and investors are calling for stricter regulations and more transparent practices to prevent similar incidents in the future.
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