The Enforcement Directorate Kochi Zonal Office has searched three premises in Hyderabad linked to Allamraju Satyanarayana Murthy in connection with an alleged investment fraud and money-laundering case involving more than Rs 26 crore. The searches took place on 28 October 2026 under the Prevention of Money Laundering Act. The agency issued a press release on 30 October 2026 detailing the findings so far.
According to the Enforcement Directorate, the case began with a first information report registered by the Cyber Police Station in Ernakulam. The complainant is named Nimesh. He was approached through telephone calls and Telegram chat messages. The messages and calls promised high returns from trading on an online platform identified as www.capitalix.com. Nimesh was persuaded to transfer large sums of money into various bank accounts that the agency says were maintained by or under the control of the accused persons.
The Enforcement Directorate states that the money was not returned along with the promised profits. This forms the basis of the underlying cheating allegations. The agency has recorded two different figures for the money involved. The first information report account shows transfers totalling Rs 24,76,21,042, or about Rs 24.76 crore. The Enforcement Directorate investigation has put the amount the complainant was cheated of at Rs 26,02,89,261.57, or approximately Rs 26.03 crore. The difference between the two figures is about Rs 1.27 crore. The press release does not explain how the two amounts were calculated or reconciled.
The alleged transactions took place between 23 May 2023 and 27 May 2024. That period covers roughly one year. The searches in Hyderabad therefore occurred more than two years after the last of the alleged transfers.
The Enforcement Directorate has presented a money-flow chart that divides the movement of funds into four layers. The chart begins with the complainant Nimesh and the sum of approximately Rs 26.02 crore. From there the money is shown moving along three main channels. One channel of about Rs 5.17 crore went to an entity or firm identified only as Entity or Firm-1. A second channel of about Rs 16.72 crore went to BTR Industries. The proprietor of BTR Industries is named as Banka Tyson Raju. A third channel of about Rs 4.12 crore went into multiple mule individuals and mule firms bank accounts. The three amounts add up to roughly Rs 26.01 crore, with the small difference arising from rounding.
In the second layer the money is shown moving into business entities. Funds from the initial receiving channels entered Velugu Trading Company. Money also reached Aasritha Mega Solutions Private Limited. The Enforcement Directorate states that Allamraju Satyanarayana Murthy floated multiple entities in the names of family members and employees so that the proceeds could be layered.
The third layer shows further movement. One route leads to Aasritha Infra Projects, identified as a partnership firm. Another route leads to a virtual account marked XZL that is described as belonging to a payment aggregator. The chart indicates that money from Aasritha Mega Solutions Private Limited moved into this virtual account. Parallel routes ran through Velugu Trading Company and the multiple mule accounts.
The fourth layer shows two further movements. One route of about Rs 6.55 crore is described as being layered again through a mule entity and then disbursed through the same XZL virtual account. A second route of about Rs 7.50 crore is shown moving through multiple mule-firm bank accounts, with funds allegedly mixed into the accounts of a few genuine business firms or entities. The Enforcement Directorate cautions that these downstream figures should not be added to the original Rs 26.02 crore because they represent the same money after it has already entered the network.
The agency has identified five business names connected with the alleged layering. These are BTR Industries, Velugu Trading Company, Aasritha Mega Solutions Private Limited, Aasritha Infra Projects (the partnership firm), and Aasritha Infra Projects Private Limited. The Enforcement Directorate states that these entities were floated by Allamraju Satyanarayana Murthy in the names of family members and employees.
BTR Industries stands out because the flowchart attributes approximately Rs 16.72 crore to it. The proprietor is named as Banka Tyson Raju. Velugu Trading Company appears as an intermediary through which funds moved toward other entities and accounts. Aasritha Mega Solutions Private Limited is linked in the chart to the XZL virtual account of the payment aggregator. Aasritha Infra Projects is identified as a partnership firm that sits in the third layer of the money trail. Aasritha Infra Projects Private Limited is listed separately as a private limited company.
The Enforcement Directorate states that a villa project in Hyderabad was launched in the names of Aasritha Infra Projects and Aasritha Infra Projects Private Limited. The agency says multiple immovable properties were acquired from the alleged proceeds of crime. During the investigation plots and a villa valued at approximately Rs 5 crore were identified.
An earlier police investigation into a similar trading fraud had already brought the names of Allamraju Satyanarayana Murthy and Banka Tyson Raju into public view. A Times of India report dated 6 May 2026 stated that Murthy, then aged 36, and Banka Tyson Raju, then aged 34, were arrested in Hyderabad. Kochi Cyber Police intended to seek their custody. The police alleged that about Rs 16 crore connected with the fraud had been misappropriated through the accused organisation. Five other suspects had reportedly been arrested earlier.
The same report linked Murthy to an IT business named Aasrita Mega Infotech and a construction company named Aasritha Infratech Private Limited that was developing approximately 300 villas under the name Aero Villas. The Enforcement Directorate press release of 30 October 2026 does not itself name Aero Villas or give the number of villas.
The website named in the Enforcement Directorate release is www.capitalix.com. The complainant was induced to invest through representations that high returns could be obtained by trading on this platform. The Enforcement Directorate does not state that the overseas operator of the website took part in the Indian money-laundering arrangement.
The platform’s own legal documents identify its operator as 4Square SY Ltd, registered in Seychelles under registration number 8426168-1. The company states that it holds an FSA licence numbered SD052 and gives its registered address as CT House, Office 9A, Providence, Mahe, Seychelles. The website describes its services as contracts for differences, including forex and other instruments, and carries a risk warning.
On 27 June 2023 the Chilean Financial Market Commission published an alert stating that Capitalix, operating through its website, was not supervised by the Chilean regulator. The warning advised investors to check whether providers were registered and supervised before investing. The date of the Chilean alert falls inside the period of the alleged fraud identified by the Enforcement Directorate. The Times of India report of May 2026 spelled the platform as Capitallx.com. The Enforcement Directorate release uses Capitalix.com. The difference may be a reporting variation.
The searches on 28 October 2026 covered three premises in Hyderabad related to Allamraju Satyanarayana Murthy. The Enforcement Directorate seized Rs 6.40 lakh in cash. Eleven bank accounts were frozen. The combined balance in those accounts was Rs 14 lakh. Immovable properties consisting of plots and a villa valued at approximately Rs 5 crore were identified.
Incriminating documents and digital evidence were also seized. The press release does not name the banks, the account holders or the precise location from which the cash was recovered. It does not announce a provisional attachment order for the properties, an arrest arising from the October searches, or the filing of a prosecution complaint. The agency states that further investigation is under way.
The Enforcement Directorate has invoked the Prevention of Money Laundering Act. The underlying allegations are of cheating. The money-laundering investigation examines whether funds generated through the alleged criminal activity were subsequently concealed, possessed, acquired, used or projected as untainted property. The agency’s account describes collection through telephone and Telegram solicitations, transfers into multiple accounts, movement through business entities and mule accounts, passage through a payment-aggregator virtual account, and conversion of part of the money into real-estate assets in Hyderabad.
Allamraju Satyanarayana Murthy is the principal individual named in the 30 October 2026 press release. The Enforcement Directorate alleges that he floated the five listed entities in the names of family members and employees, that the entities were used for layering, that a Hyderabad villa project was launched through two of them, and that multiple immovable properties were acquired from the proceeds of the alleged crime. Banka Tyson Raju appears in the flowchart as the proprietor of BTR Industries, the channel that received the largest single share of the initial funds.
The scale of the alleged fraud exceeds the value of the assets identified in the October searches. The Enforcement Directorate places the loss at approximately Rs 26.02 crore. The immovable properties identified are valued at about Rs 5 crore. The cash seized is Rs 6.40 lakh and the frozen bank balances total Rs 14 lakh. The money-flow chart indicates that funds moved through several layers, which may account for the relatively small sums located during the searches.
The Enforcement Directorate press release remains the primary official account of the searches and the money trail. It identifies the complainant, the period of the alleged fraud, the five business entities, the four-layer movement of funds, the role of the XZL virtual account, the Hyderabad villa project, the cash and bank-account freezes, and the properties valued at about Rs 5 crore. Earlier reporting by the Times of India supplied the names of the arrested persons and the Aero Villas project. The Chilean regulatory alert supplied information about the overseas trading platform’s status in that jurisdiction. All other details remain subject to the continuing investigation announced by the Enforcement Directorate.
