On 8 March 2022, the enforcement directorate (ED) at Hyderabad issued a provisional attachment order under the Prevention of Money Laundering Act (PMLA) against C Parthasarathy, founder of the Karvy group of entities, his sons Adiraj Parthasarathy and Rajat Parthasarathy, and the following key entities of the group: Karvy Stock Broking Ltd (KSBL), Karvy Realty (India) Ltd (KRL), Karvy Financial Services Ltd (KFSL), Karvy Data Management Services Ltd(KDMS), Karvy Consultants Ltd (KCL), M/s Adhirajat Commercial Enterprises Pvt Ltd, Adhirajat Holdings and Compar Estates and Agencies Pvt Ltd.